Personal finance author and investor Robert Kiyosaki is ready to purchase more Bitcoin if it falls by about 25% from the current level.
In a new tweet, the author of the best-seller Rich Dad Poor Dad tells his 1.6 million followers that he will resume buying Bitcoin if it continues to correct below $30,000.
“Bitcoin crashing. Great news. When price hits $27,000 I may start buying again. Lot will depend upon global-macro environment.”
At the time of writing, Bitcoin had recovered by nearly 10% to about $37,203 from the weekend low of around $33,500. Bitcoin would need a significant correction to reach Kiyosaki’s preferred entry level.
In making his case for investing in Bitcoin, the renowned personal finance author argues that the flagship cryptocurrency and the two leading precious metals could serve as hedges against the shortcomings of the current financial system.
“Remember the problem is not gold, silver, or Bitcoin. [The] problem are the incompetents in government,