YEREVAN (CoinChapter.com) — Buy Bitcoin’s dip before it’s too late, according to Robert Kiyosaki, the popular and the author of the bestseller “Rich Dad Poor Dad.” He reiterated his support for investments in Bitcoin, as well as gold and silver, noting that these assets may safeguard investors against inflation and worsening global living standards.
Why Buy Bitcoin Dip?
With gold prices surpassing $2,000 per ounce and a weakening in fiat currencies, Kiyosaki has advised his followers to reduce their reliance on what he calls the “fake money system.” He emphasized the inadequacy of traditional money-saving strategies, labeling them as a losing approach, and instead recommends investing in Bitcoin and precious metals, especially as they form a new dip.
I feel for people who cannot afford food, rent, & fuel and cannot afford to invest in Gold, Silver, and Bitcoin as I suggest. […] If our woke leaders were Capitalists prices would come down & prosperity would spread. Let’s get rid of Marxists from the government and vote MAGA.
he said.
Kiyosaki’s Buy Bitcoin dip calls come as he moves his fiat assets into these investments, citing a lack of care from leaders and their actions leading to war and poverty. He predicted a significant increase in the value, saying Bitcoin may potentially hit $100,000 and beyond.
Is $37,000 a Good Entry Level for Bitcoin Investors?
Bitcoin price reached just over $37,000 on Nov. 27, after a moderate 1% intraday slide. However, judging by Kiyosaki’s call to buy Bitcoin’s dip shows that the economist expects the BTC price to rise in the coming months.
Meanwhile, as trader focus shifted from the dropping altcoins, Bitcoin dominance rose to 52% on Nov. 27. Moreover, according to CoinShares’ latest market report, Bitcoin inflows in the week ending Nov. 19 reached $154.7 million, 25% of the monthly inflow, while Ethereum’s $3.3 million inflows constituted only 5% of the monthly $66 million inflow.
The statistics show that investors favor Bitcoin over Ethereum and other altcoins. Thus, Kiyosaki’s call to buy Bitcoin dip coincides with the king crypto’s on-chain metrics. Bitcoin Supply Last Moved indicator agreed, hinting at upcoming gains.
