Robert Kiyosaki aims to get BTC when the “Bottom Is In” + UAE’s Emirate Airline approves crypto as a payment option

News • 2022/05/16 • by

In January, Robert Kiyosaki claimed he would buy additional bitcoin "if and when BTC reaches $20K.
The report did not specify when the airline plans to accept Bitcoin payments.

Rich Dad Poor Dad author expects BTC to plunge below $17K

Robert Kiyosaki, the author of Rich Dad, Poor Dad, has updated his bitcoin price prediction and perspective. Kiyosaki and Sharon Lechter co-authored Rich Dad Poor Dad in 1997. It has been on the New York Times Best Seller List for nearly six years. The book has been sold in more than 109 countries and translated into 51 languages.

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On Thursday, Kiyosaki posted that bitcoin is collapsing and waiting for the value to drop to $20,000. He said that he would wait for BTC to test the bottom, which he believes will be around $17,000, before purchasing. "The best moments to make money are during crashes," he recommended.

In January, the author of Rich Dad, Poor Dad, claimed he would buy additional bitcoin "if and when BTC reaches $20K."

As the terrausd (UST) crisis developed, Kiyosaki's post occurred at a moment when the crypto market had lost billions. Bitcoin is currently trading at $29,289, down 2% in the last 24 hours, 20% in the last seven days, and 27% last month.

Related Post:El Salvador purchase 500 bitcoin amid crypto drop

Despite the declining value of Bitcoin, Kiyosaki thinks that "Bitcoin will prevail." He explained why on Twitter on Wednesday. "Bitcoin will prevail because America is headed by the three stooges," he said, naming President Joe Biden as the first. He claims Treasury Secretary Janet Yellen is the second stooge, and Federal Reserve Chairman Jerome Powell is the third. "I trust Bitcoin, not the Three Stooges," the famed novelist declared.

Kiyosaki has already stated his disdain for the Biden administration, Wall Street, and the Federal Reserve. He has also been advising investors to purchase bitcoin for quite some time.

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UAE Airlines to accept bitcoin payment

According to the company's chief operating officer (COO), Adel Ahmed Al-Redha, the UAE's top airline, Emirates Airline, would soon accept "bitcoin as a payment option." In addition, the airline's website will feature non-fungible token (NFT) collections.

The airline's intention to accept bitcoin comes only weeks after it announced its NFT and metaverse aspirations. The purpose of the metaverse launch, according to Bitcoin.com News, is to guarantee that the airline is "aligned with the UAE's vision for the digital economy."

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Al Redha explained in statements published in Arab News that his firm may need to hire staff to help it develop applications that track client wants. He also discussed the distinctions between NFTs and the Metaverse.

"NFTs and metaverse are two distinct applications and methodologies. You'll be able to turn your entire process — whether it's in operation, training, online sales, or the entire experience — into a metaverse-style application, but more significantly, make it interactive."