The author of the best-selling book “Rich Dad Poor Dad” is pessimistic about Bitcoin’s (BTC) price soon. In a recent tweet, the multi-millionaire Remarked that the “VALENTINE’S DAY MASSACRE is predicted by Stansberry Research.”
Referring to Al Capone’s bloody ventures in Chicago in the 1920s, the writer went into more detail and said, “Everything will crash including prices of gold, silver, BC. Do not panic. Good news. I will buy more G,S,BC, real money w/ fake $.”
The American entrepreneur also mentioned that more than 144,000 people were cut off in the IT sector in 2022, indicating that a giant crash is coming. Kiyosaki sees it as a buying opportunity and might join other famous crypto investors in ‘buying the dip.’
Firstly, this theory is backed by the United States’ government announcement on February 14th, 2023. The FED rate hike would affect the monetary policy, thus sending the crypto markets on a downward slope. According to crypto analyst Colin Wu, “The previous value was 6.5%, and the CPI is expected to be 6.3% in January.”
Secondly, the U.S. Securities and Exchange Commission’s crackdown on Kraken’s staking system resulted in a $30 million fine and instantly terminated the product. The developments sent the leading crypto down by 5.8% in the last seven days and slightly 1% in the red in the last 24 hours. At press time, Bitcoin (BTC) trades at $21,619.82, according to CoinGecko.
Finally, the crypto data analytics platform IntoTheBlock indicates three technical bearish signals for Bitcoin’s price, including Net Network Growth, In The Money, Large Transactions & Bid-Ask Volume Imbalance.
Robert Kiyosaki’s “Rich Dad Poor Dad” is one of the world’s best-selling books, with over 40 million copies sold. The author’s net worth is valued at $100 million.
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