Crypto Currency News

After the collapse in the price of bitcoin, referents seek to inject confidence in the market

Robert Kiyosaki promised to buy more bitcoins if its price drops towards $20,000.

While the price of bitcoin (BTC) sharpens its fall, the great market leaders seek to reassure investors with strong signs of optimism. One of them was renowned investor and author of the best-selling “Rich Dad Poor Dad” Robert Kiyosaki, who publicly pledged to buy more cryptocurrencies if the price dropped to the $20,000 level.

“I will buy more, as long as BTC tests $20K. The time to get richer is coming. The best silver bargain today. Silver still 50% below max,” Kiyosaki wrote on his official Twitter account.

The 74-year-old writer, a well-known bitcoin holder, recalled that he made his first investments in the leading cryptocurrency when its price ranged between 6,000 and 9,000 dollars, and hinted that he never took profits. “Words of Wisdom: ‘Your profits come when you buy, not when you sell.’ Bitcoin price crashes. Great news “, he added.

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The price of BTC has fallen considerably over the last few weeks, mainly due to the increase in interest rates by the United States Federal Reserve (FED), and to a lesser extent due to the risks of a ban in Russia. Kiyosaki has already shown that he is not very akin to traditional organizations, and has blamed the Fed’s actions as being responsible for turning the dollar into a “false currency”. In this sense, his recommendations not to save in fiduciary currencies, and to do so in bitcoin or gold, are common.

In recent days, several market leaders have taken it upon themselves to give crypto investors’ confidence. Nayib Bukele, the president of El Salvador, recently bought 410 BTC worth approximately 15 million dollars and reached 1,801 BTC in the coffers of his state, which represents a capital of about 62 million dollars.

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