With the recent volatility in the blockchain, people are fearful of the market.
Last November, Bitcoin soared to $68,990 and, as of today, is at a low of around $29,000. That 58% drop is devastating to many but not to the author of Rich Dad Poor Dad, Robert Kiyosaki.
“BITCOIN CRASHING. Great news,” he tweeted on May 12. “I am waiting for Bitcoin to crash to 20k. Will then wait for test of bottom which might be $17k. Once I know bottom is in I back up the truck. Crashes are the best times to get rich.”
Kiyosaki believes “crashes are good.” He also shared that he taught his son, “Your profit is made when you buy… not when you sell.”
He added that bitcoin “is the future of money” while saying the bottom may even hit $11,000.
He concluded by saying, “Time to get richer is coming.”