Robert Kiyosaki Waiting for Bitcoin Prices to Get Cheaper, Prepare Cash to buy

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The author of the best-selling financial book Rich Dad Poor Dad, Robert Kiyosaki, is still waiting for Bitcoin to get cheaper because there will be “the biggest sale on earth.”

The last few days, the price of Bitcoin is trying to recover, to maintain its position above the level of US $ 20,000. However, Kiyosaki seems to see this will move lower again, even below US $ 10,000.

Indeed, data on increasing US inflation, as well as US interest rates, have made the US dollar the prima donna among investors.

Risk assets are losers, their value continues to decline as more investor money is rushed into the US currency for protection, as well as attractive yields amid fears of a global economic slowdown.

Waiting for Bitcoin Prices to Get Cheaper

Based on Bitcoin News, Robert Kiyosaki sees Bitcoin price moving lower again, along with the property and stock markets. 

“The asset bubble found the explosive. Asset prices fall. In the position of [holding cash], waiting to take offers especially in property and Pitcoin… Don't miss the 'Biggest Sale on Earth',” said Kiyosaki.

Rising US interest rates, aimed at fighting inflation, have raised the cost of property mortgages, hitting the stock market particularly in the technology sector as well as crypto assets.

It seems, Kiyosaki is still loyal to his view on the occurrence of a recession, so that it will bring a big "discount" for potential assets such as gold, silver and Bitcoin to shoot afterward.

It is known, this close friend of Donald Trump has predicted a bubble will occur several times, one of which was in March which said that the economy is currently in a very large bubble.

The bubbles cover the stock, property, commodity, oil and crypto asset markets such as Bitcoin.

Interestingly, he has always said he would buy at the bottom level formed, with the latest to buy at US$9,000 when the price dropped to US$30,000 in May, and in June said he would buy at US$1,100.

Apparently, he really anticipated the occurrence of hyperinflation, recession and civil unrest as in the time of the monetary crisis. This has also been predicted by some analysts and major banks, to happen in this year or in 2023. Let's see.

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