$BTC Up 4%, CryptoQuant CEO Waiting for ‘Short Squeeze’, ‘Rich Dad’ Author Waiting for Lower Price

On Friday (July 15), Bitcoin is trading above the $20,700 level, up 4% in the past 24-hour period.

According to data by TradingView, on crypto exchange Bitstamp, BTC-USD got as high as $20,875 at 7:28 a.m. UTC, and currently (i.e. as of 8:28 a.m. UTC on July 15) it is trading around $20,759.

Ki Young Ju, Co-Founder and CEO of South Korea based blockchain analytics startup CryptoQuant, said yesterday that Bitcoin “seems close to the bottom, and it’s time to wait until this short squeeze event happens.”

On Tuesday (July 12), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, tweeted that he was looking to buy some bargain-priced bitcoins.

At various times during the current COVID-19 pandemic, Kiyosaki has been criticizing the Federal Reserve’s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by using their fiat holdings to buy silver, gold, and Bitcoin.

Episode #263 of Anthony Pompliano’s “Pomp Podcast”, which was released on 7 April 2021, featured an interview with Kiyosaki. During that interview, Pompliano asked for Kiyosaki’s thoughts on “traditional inflation hedge” assets.

Kiyosaki said:

“Gold and silver are God’s money. Bitcoin is open source people’s money.“

On May 13, Kiyosaki elaborated on what he had said on May 12 about crashes being “best times to get rich.”

Although seeing Kiyosaki talk about backing up the truck to buy more Bitcoin if its price fell to as low as $11K or $12K was scary enough for most Bitcoin HODLers, what he said on June 28 was even more shocking, because on this day he tweeted that he is waiting for “Bitcoin losers” to sell him their $BTC at $1100 per bitcoin.

Image Credit

Featured Image by “petre_barlea” via Pixabay.com