"Rich Dad Poor Dad" Author Issues Bitcoin Warning: Don't Get Slaughtered

1 week ago 18480

ARTICLE AD BOX

Alex Dovbnya

Robert Kiyosaki will stop buying Bitcoin once it hits the $100,000 level

Don't Get Slaughtered

Cover image via U.Today

American entrepreneur Robert Kiyosaki, whose "Rich Dad Poor Dad" financial literacy book has sold more than 40 million copies around the world, has warned Bitcoiners against benign excessively greedy.

Kiyosaki stated that he would continue buying the largest cryptocurrency until it hits $100,000. However, once Bitcoin passes this level, he will no longer be a buyer.

"Not a time to get greedy. Always remember….hogs get fat…pigs get slaughtered. Don’t be a pig," Kiyosaki noted.

The largest cryptocurrency is currently trading at $88,894 after previously hitting a lifetime peak of $89,560 roughly six hours ago.

As reported by U.Today, Bitcoin recently surpassed silver by market capitalization.

Earlier, Kiyosaki predicted that Bitcoin would be able to hit $350,000 by the end of the year. Some commenters have noted that the entrepreneur's most recent statement seemingly contradicts this uber-bullish prediction. "Why would you stop at $100,000 if you claimed it will hit $300,000 or higher?" one user asked.

In July, the "Rich Dad Poor Dad" author predicted that Bitcoin could potentially skyrocket to $10 million in the long run.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].