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Robert Kiyosaki predicted the fall of Bitcoin to $17,000

Bestselling author of Rich Dad Poor Dad and entrepreneur Robert Kiyosaki called the Bitcoin crash “great news” and predicted a test of the $17,000 level.

“As I said earlier, I’m waiting for Bitcoin to fall to $20,000. Then we’ll wait for a test of the bottom, which could be at $17,000. Once that happens, I’ll go big.” Crises are the best time to get rich,” he said.

Earlier, the entrepreneur explained why he is confident in the long-term success of digital gold:

“Bitcoin will win because America is led by three puppets.”

Among the latter, he ranked US President Joe Biden, Treasury Secretary Janet Yellen and head Fed Jerome Powell.

In 2020, Kiyosaki said that the price of bitcoin will reach $75,000 in three years as the Fed’s incompetence is “killing the US economy.” The cryptocurrency approached the announced mark already in November 2021, fixing a historical maximum at the level of $69,000.

On May 13, bitcoin quotes recovered to above $30,000 after a sharp fall. Earlier, a well-known supporter of gold and a critic of the first cryptocurrency, Peter Schiff, called it “highly likely” that the quotes would fall to $10,000.

Recall that in January, Bloomberg Intelligence senior commodities strategist Mike McGlone predicted a rise in bitcoin to $100,000 in 2022.

However, fintech experts who took part in the Finder survey concluded that by the end of the year, cryptocurrency quotes will reach $65,000.

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