KEY POINTS

  • Time to get richer: Robert Kiyosaki
  • Will buy more when BTC touches $20K, he adds
  • Crypto is happening: Lloyd Blankfein

"Rich Dad Poor Dad" author Robert Kiyosaki sees opportunity in the crashing price of Bitcoin. In a tweet Monday, he said that he will buy more Bitcoin when it touches $20K. 

"Price of Bitcoin crashing. Great news. I bought BC at $6K and 9K. I will buy more if and when BC tests $20K. Time to get richer is coming. Silver best bargain today. Silver still 50% below high," Kiyosaki said in a tweet. 

The global cryptocurrency market has been on a downward slope for weeks. Bitcoin was trading at $36,090 at 12.19 a.m. ET Tuesday. However, experts see this as a sale season for investors and recommend buying more at low prices. 

Kiyosaki has warned of a major crash in recent months. In a tweet in December, he said, “Crash and depression [are] coming. Gold, silver, Bitcoin, real estate will crash too.” In November, he warned about inflation, adding that he plans to buy “more gold, silver, Bitcoin, Ethereum, rental real estate, and oil.”

Lloyd Blankfein, former Chief Executive Officer of Goldman Sachs, has opined that the current price dip is not much of a concern as there is a considerable amount of capital invested in the asset class already. 

“Look, my view of it is evolving. I can’t predict the future, but I think it’s a big thing to be able to predict the present, like, ‘What is happening?’ And I look at the crypto, and it is happening," Blankfein told CNBC in an interview. 

Echoing the optimism among experts, Bloomberg senior commodity strategist Mike McGlone has said that despite the current slide, Bitcoin will hit the $100,000 mark in 2022.

The price of bitcoin hit record highs in 2021, but it slid below $40,000 in January 2022 The price of bitcoin hit record highs in 2021, but it slid below $40,000 in January 2022 Photo: AFP / Ozan KOSE