TL;DR
- “Savers are losers,” states Wealthy Dad Poor Dad writer Robert Kiyosaki on his official Twitter account @therealkiyosaki
- Mr. Kiyosaki has famous that such market crashes will make savers the most important losers.
- Mr. Kiyosaki has beforehand predicted that Bitcoin may discover a backside at $17,000 or $11,000.
Robert Kiyosaki, the writer of the favored ebook Wealthy Dad Poor Dad, said on his official Twitter account @therealkiyosaki that he believes “savers are losers.” The next expression was additionally utilized in his investing ebook Wealthy Dad Poor Dad, the place the poor dad’s behavior is saving cash. “A greenback saved is a greenback earned,” his poor dad used to say, in response to Rober Kiyosaki, not realizing that after 1971 his greenback was not cash. Since Richard Nixon modified the foundations of cash in 1971, the greenback ceased to develop into cash and have become a forex in response to Kiyosaki,
Following this, Kiyosaki states that at the moment’s US debt is in 100s of trillions, and precise inflation stands at 16%, not 7%. He states that the FED’s improve in rates of interest will destroy the US financial system.
Robert Kiyosaki predicted in Might this yr that Bitcoin’s backside could also be in at $17,000 and even decrease at $10,000.
Bitcoin’s value at present sits at $19,821.82 in response to information from CoinGecko, having plummetted as little as $17,627.3 earlier this yr.
Is the Bitcoin Backside In?
In lots of long-term funding charts, Bitcoin has reached oversold ranges, such because the Bitcoin Investor Instrument: 2-Yr MA Multiplier. The chart’s goal is to spotlight the durations when shopping for or promoting Bitcoin would have produced outsized returns. Shopping for Bitcoin the place the worth has dropped beneath the 2yr MA (inexperienced line) has traditionally generated outsized returns for traders. Bitcoin’s value is at present sitting beneath the inexperienced line.
One other chart that signifies oversold ranges are the Bitcoin Rainbow Value Chart Indicator. In keeping with this indicator, Bitcoin is at present sitting in “Hearth Sale” mode.
