Investing.com UK - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

'Rich Dad Poor Dad' Author Waiting For Bitcoin To Test $1,100: 'Losers' Will Quit

Published 29/06/2022, 12:41
© Reuters. 'Rich Dad Poor Dad' Author Waiting For Bitcoin To Test $1,100: 'Losers' Will Quit
BTC/EUR
-
BTC/USD
-
BTC/EUR
-
BTC/JPY
-
BTC/USD
-
BTC/JPY
-
BTC/GBP
-
BTC/GBP
-
IX
-

"Rich Dad Poor Dad" author Robert Kiyosaki has another “rich dad lesson” for those that are quitting Bitcoin (CRYPTO: BTC) at its current prices.

What Happened: In his latest round of free advice, Kiyosaki said while Bitcoin losers are quitting when they are down, the winners will be the ones who learn from their losses.

The bestselling author went on to say that he was waiting for the leading digital asset to test the $1,100 price mark, and plans to buy more if it recovers from that level.

“If it does not, I will wait for losers to “capitulate” [sic] quit then buy more,” he said.

Kiyosaki has tweeted about Bitcoin in several instances, calling for his followers to buy more in the $60,000 and $20,000 price range.

Last month, when Bitcoin was trading at $30,000, Kiyosaki said that he was waiting for it to crash to $20,000 and “test the bottom” which he viewed to be $17,000.

Price Action: At press time, Bitcoin was trading at $20,110 as per data from Benzinga Pro, down 0.84% over the last 24 hours. The market-leading cryptocurrency is trading nearly 70% below its all-time high.

Photo via Grower C More on Shutterstock

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.