Renowned author and financial educator, Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” has once again made headlines with his bold statements about Bitcoin. As an outspoken supporter of cryptocurrency, Kiyosaki recently took to social media to share his latest plans regarding Bitcoin investments.
Kiyosaki’s Bitcoin Purchase Threshold
In a recent social media post, Kiyosaki announced his intention to continue purchasing Bitcoin until its price surpasses $100,000. At present, Bitcoin has already crossed the $88,000 mark. Kiyosaki emphasized the importance of maintaining discipline, stating, “Not a time to get greedy.” This sentiment serves as a reminder to investors about the thin line between strategic investing and greedy overreach.
Valuable Bitcoin Insights from Kiyosaki
Earlier in the month, Kiyosaki shared his perspective on the prevailing investor mindset that views Bitcoin as too expensive. He encouraged individuals to reconsider the notion of waiting for prices to drop. According to Kiyosaki, wealth is not solely about the price of an asset but rather the quantity one holds. He remarked, “Ultimately what makes a rich person rich is how many coins or ounces a person has in their control.”
Kiyosaki’s Reflections and Financial Wisdom
Reflecting on his personal investment journey, Kiyosaki recalled purchasing silver when it was just $1 an ounce. He now holds thousands of ounces and continues to buy at $32 an ounce. He draws parallels between his approach to silver and his strategy with Bitcoin and gold. Kiyosaki’s Bitcoin journey began when he bought his first coin at $6,000, and he has persisted in acquiring more even as the price hit $76,000. His advice is clear: trade fiat currency for real assets like gold, silver, and Bitcoin to build wealth.
The Futility of Wishing in Wealth Building
Kiyosaki disclosed that he currently holds 73 Bitcoins, with a goal to increase his holdings to 100 within a year, irrespective of market fluctuations. He also shared insights into his broader investment strategy, which includes income-generating real estate and gold-producing mines. His profits are strategically saved in what he refers to as ‘Real money’—Bitcoin, gold, and silver. Despite wishing Bitcoin would return to $10 per coin, he acknowledges that mere wishing does not create wealth. Instead, strategic action and investment do.
Bitcoin’s market performance has been remarkable, with its price surging over 5% to approximately $86,985 in the last 24 hours. Notably, Bitcoin’s market capitalization has reached $1.752 trillion, surpassing silver to become the 8th largest asset globally, highlighting its growing prominence in the financial world.
