personal finance writer Robert Kiyosakinoted that an entire generation of Americans is facing unprecedented economic pain.
Speaking on the state of global markets, Kiyosaki cited persistent inflation and shortfalls in social security and medical care funds as key factors that he believes will affect large numbers of baby boomers.
“The biggest losers are those who haven’t lost before. These are people sitting in their 401k right now. My generation. old generation. They are in serious trouble…
Baby boomers will be the biggest losers because they’ve been told not to make mistakes and they haven’t lost yet. Their life was pretty easy. When they entered the market in the 70s, the stock market was rising, the housing market was rising. The USA broke off the gold standard in 71. So the baby boomers will get the biggest attack of the entire generation. It’s really sad.”
Kiyosaki, bitcoinHe added that he senses an opportunity after BTC (BTC) slumped to levels not seen since late 2020.
Writer Robert Kiyosaki thinks it’s “great news” that Bitcoin dropped to a 52-week low of around $26,700 earlier this week.
As a result, Kiyosaki stated that the leading crypto asset could drop further to $20,000, but he expects Bitcoin to find strong support at the $17,000 price level.
Kiyosaki revealed his strategy by stating that he is considering diving into the market at exactly these levels.
“BITCOIN CHALLENGE. Wonderful news. As I mentioned in previous tweets, I expect Bitcoin to drop to $20,000. Next, the bottom test, which could be $17,000, will await. As soon as I realize the bottom is inside, I fill the tank. Crashes are the best times to get rich. It is important to be careful.”
Kiyosaki also posted on his YouTube channel earlier this week alongside Bitcoin before more piling up. Ethereum (ETH) He said he expected the price to drop further.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.