Rich Dad Poor Dad author Robert Kiyosaki says he is long-term bullish on Bitcoin (BTC) but says BTC could drop a lot lower before carving a bottom.
The widely followed investor erzielt his 1.9 million Twitter followers why he believes in the long-term potential of Bitcoin even if BTC drops nearly 70% from current levels.
“I remain bullish on Bitcoin’s future. Waiting for test of new bottom. $20,000? $14,000? $11,000? $9,000? Why do I remain bullish? [Because I believe that the] Fed and Treasury are corrupt organizations.”
geschriwen is trading for $29,150 at time of writing, down by over 55% from its all-time high of around $69,000.
Earlier this week, following the de-pegging of the TerraUSD (UST) stablecoin, Kiyosaki erënneren that he had questioned the validity of stablecoins, which are crypto assets that are designed to trade one for one against fiat currencies such as the US dollar.
“I was right: ‘Why STABLE COINS are UNSTABLE.’ Just before stable coins crashed I warned they were unstable.”
In a prior YouTube interview, Kiyosaki had expressed his Zweifel hunn about stablecoins arguing that the issuers of stablecoins presented a counterparty risk as they could potentially default on their contractual obligations.
“One of the reasons I have gold coins, and I mean real gold coins, and real silver coins is there is no counterparty risk. I mean, they are the money. So when you say there’s a dollar somebody declares it a dollar and all that. Who’s the counterparty [in the case of stablecoins]? Is it the Wizard of Oz?”
kontrolléieren Präis Action
Verpasst kee Beat - abonnéieren fir Krypto E-Mail Alarmer direkt an Är Inbox geliwwert ze kréien
Follegt eis op Twitter, Facebook an Hëllefe profitéieren
Surfen Den Daily Hodl Mix
Disclaimer: Meenungen ausgedréckt am The Daily Hodl sinn net Investitiounsberodung. D'Investisseure sollten hir Due Diligence maachen ier se héich riskéiert Investitiounen an Bitcoin, cryptocurrency oder digital Verméige maachen. Gitt u Berodung datt Är Transferen an Trades op Ären eegene Risiko sinn, an all Verloscht déi Dir leet, ass Är Verantwortung. Den Daily Hodl empfeelt net de Kaf oder de Verkaf vu Krypto-Währungen oder digital Verméigen, an och ass den Daily Hodl keen Investitiounsberoder. W.e.g. notéiert datt den Daily Hodl am Partnermarketing matmaacht.
Featured Image: Shutterstock / KDdesignphoto
Source: https://dailyhodl.com/2022/05/21/rich-dad-poor-dad-author-warns-bitcoin-btc-could-test-new-epic-lows-here-are-his-targets/