{"id":165275,"date":"2021-06-22T17:30:15","date_gmt":"2021-06-22T12:00:15","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=165275"},"modified":"2021-06-22T09:24:45","modified_gmt":"2021-06-22T03:54:45","slug":"bitcoin-when-is-the-best-time-to-get-rich","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-when-is-the-best-time-to-get-rich\/","title":{"rendered":"Bitcoin: When is ‘the best time to get rich?’"},"content":{"rendered":"

Bitcoin, the largest cryptocurrency is trending again (in traditional media) with its recent price correction in less than a week. Various reasons could be responsible for the decline in its price action.<\/p>\n

As per the recently published<\/a> Consumer Price Index (CPI) report, inflation rate reached a 13-year high which was 5% higher than the same month last year. A similar trend could be witnessed when comparing it to the year of the financial crisis in 2008.<\/p>\n

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Source: Twitter<\/a><\/figcaption><\/figure>\n

A vote of confidence was<\/a> reaffirmed by Fed Chair Jerome Powell in a CNBC interview, which perhaps served as a boost to the dollar more than BTC. Following this, Bitcoin dropped 8% to a $35,300 low on June 18.<\/p>\n

Can BTC price dive further? Well, this billionaire investor and a famous author certainly thinks so, as evident from his recent tweet.<\/p>\n

Robert Kiyosaki, the best-selling author of ‘Rich Dad Poor Dad’ predicted<\/a> an incoming big crash, and even compared it with “biggest crash in world history.\u201d<\/p>\n

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Biggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for Bitcoin to drop to $24 k. Crashes best time to get rich. Take care.<\/p>\n

— Robert Kiyosaki (@theRealKiyosaki) June 19, 2021<\/a><\/p><\/blockquote>\n