The Price Drop in Bitcoin ($BTC) Is 'Great News,' According to 'Rich Dad' Author Robert Kiyosaki.

Robert Kiyosaki, the best-selling author of the "Rich Dad, Poor Dad" series of personal finance books, has indicated that the bitcoin price decline is "excellent news," and that he plans to buy in the flagship cryptocurrency "if and when" its price falls back to $20,000.

In a tweet to his over 1.8 million followers, Kiyosaki gave "words of wisdom," saying that "profits are made when you purchase, not when you sell," hinting that a solid entry is key for investors and that BTC is approaching it.

Kiyosaki also reminded his followers that he purchased bitcoin while it was trading between $6,000 and $9,000, and that the "moment to get richer" is approaching. When it comes to silver, he says it's a "value" because it's 50% below its all-time high.

According to CryptoGlobe, Kiyosaki has previously predicted that the price of bitcoin will rise to more than $1.2 million in the next years, while still pushing for gold and silver, which he calls "God's money."

The best-selling author has been anticipating a "great stock market meltdown" for the past few months, while holding onto precious metals and the main cryptocurrency. He previously stated that cryptoassets such as BTC would be impacted by the crash, and that cash would be "ideal for picking up bargains after the fall."

In June, he advised investors to acquire bitcoin ahead of what he said would be the "largest crash in world history," which would occur after the "greatest boom in world history" burst. He said in August that while the value of the US dollar was falling, BTC had the "biggest upside."

DISCLAIMER

The author's or anybody else included in this article's thoughts and opinions are for informative purposes only and do not constitute financial, investment, or other advice. There is a danger of financial loss when investing in or trading cryptoassets.