 ▲ Robert Kiyosaki ©Coin Leaders |
The price of BTC fell below $59,000 on the 4th (Korean time) due to concerns that a large number of Bitcoins held by Mt. Gox, a cryptocurrency exchange that went bankrupt 10 years ago, would be released into the market.
Andrew Kang, co-founder of cryptocurrency investment firm Mechanism Capital, warned that Bitcoin could adjust to the $40,000 level.
However, Robert Kiyosaki, author of the best-selling economic book ‘Rich Dad, Poor Dad’, argued that the time is approaching when Bitcoin can be bought cheaply.
On this day, he said through “It will,” he said.
“We expect a long-term bull market cycle to begin in late 2025 that will see prices rise for several years. This is the bull market that gold, silver, and Bitcoin investors have been waiting for, and we believe this cycle will come as the United States is the most indebted country in history. “I believe that after the crash, gold, silver, and Bitcoin will rise again to all-time highs. Gold can reach $15,000 per ounce, silver can reach $110, and Bitcoin can easily reach 10 million per coin. “We have to be patient and we believe that their time has come,” he emphasized.
