'Rich Dad Poor Dad' Author Waiting For Bitcoin To Test $1,100: 'Losers' Will Quit

"Rich Dad Poor Dad" author Robert Kiyosaki has another “rich dad lesson” for those that are quitting Bitcoin (CRYPTO: BTC) at its current prices.

What Happened: In his latest round of free advice, Kiyosaki said while Bitcoin losers are quitting when they are down, the winners will be the ones who learn from their losses.

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The bestselling author went on to say that he was waiting for the leading digital asset to test the $1,100 price mark, and plans to buy more if it recovers from that level.

“If it does not, I will wait for losers to “capitulate” [sic] quit then buy more,” he said.

Kiyosaki has tweeted about Bitcoin in several instances, calling for his followers to buy more in the $60,000 and $20,000 price range.

Last month, when Bitcoin was trading at $30,000, Kiyosaki said that he was waiting for it to crash to $20,000 and “test the bottom” which he viewed to be $17,000.  

Price Action: At press time, Bitcoin was trading at $20,110 as per data from Benzinga Pro, down 0.84% over the last 24 hours. The market-leading cryptocurrency is trading nearly 70% below its all-time high.

Photo via Grower C More on Shutterstock

Posted In: Analyst ColorCryptocurrencyNewsMarketsAnalyst RatingsBitcoinRich Dad Poor DadRobert Kiyosaki