“Savers Are Losers”, Invest in Bitcoin Says Rich Dad Poor Dad Author Robert Kiyosaki

TL;DR 

• “Savers are losers,” states Wealthy Dad Poor Dad writer Robert Kiyosaki on his official Twitter account @therealkiyosaki
• Mr. Kiyosaki has famous that such market crashes will make savers the largest losers.
• Mr. Kiyosaki has beforehand predicted that Bitcoin may discover a backside at $17,000 or $11,000.

Robert Kiyosaki, the writer of the favored guide Wealthy Dad Poor Dad, acknowledged on his official Twitter account @therealkiyosaki that he believes “savers are losers.” The next expression was additionally utilized in his investing guide Wealthy Dad Poor Dad, the place the poor dad’s behavior is saving cash. “A greenback saved is a greenback earned,” his poor dad used to say, in line with Rober Kiyosaki, not realizing that after 1971 his greenback was not cash. Since Richard Nixon modified the principles of cash in 1971, the greenback ceased to turn out to be cash and have become a foreign money in line with Kiyosaki,

Following this, Kiyosaki states that right this moment’s US debt is in 100s of trillions, and precise inflation stands at 16%, not 7%. He states that the FED’s improve in rates of interest will destroy the US economic system. 

Robert Kiyosaki predicted in Could this 12 months that Bitcoin’s backside could also be in at $17,000 and even decrease at $10,000.

Bitcoin’s worth presently sits at $19,821.82 in line with information from CoinGecko, having plummetted as little as $17,627.3 earlier this 12 months. 

Is the Bitcoin Backside In?

In lots of long-term funding charts, Bitcoin has reached oversold ranges, such because the Bitcoin Investor Device: 2-12 months MA Multiplier. The chart’s objective is to focus on the durations when shopping for or promoting Bitcoin would have produced outsized returns. Shopping for Bitcoin the place the worth has dropped under the 2yr MA (inexperienced line) has traditionally generated outsized returns for traders. Bitcoin’s worth is presently sitting under the inexperienced line. 

One other chart that signifies oversold ranges are the Bitcoin Rainbow Value Chart Indicator. In accordance with this indicator, Bitcoin is presently sitting in “Fireplace Sale” mode.