Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, is not only a vocal advocate of financial education but also a staunch supporter of Bitcoin. In a recent social media update, he disclosed his strategic plan regarding Bitcoin investments, which has caught the attention of both seasoned and novice investors alike.
Kiyosaki’s Bitcoin Buying Strategy
In his recent post, Robert Kiyosaki revealed his ambitious plan to continue purchasing Bitcoin until its value surpasses the $100,000 mark. Currently, with Bitcoin priced over $88,000, Kiyosaki has made it clear that this is not the time to succumb to greed. He stresses the importance of maintaining discipline in the face of potential profits, reminding investors with the adage, “hogs get fat…pigs get slaughtered.”
Valuable Advice from Kiyosaki on Bitcoin
Earlier this month, Kiyosaki addressed the mindset of investors who perceive Bitcoin’s rising prices as too steep. He illustrated this by contrasting the mentality of wealth accumulation with that of waiting for prices to drop. According to Kiyosaki, focusing solely on price can be misleading; true wealth is determined by the volume of assets one controls, be it in coins or ounces.
Reflections and Wisdom from Kiyosaki’s Investment Journey
Kiyosaki reflected on his own investment journey, sharing anecdotes about his initial purchases of silver at just $1 an ounce. Today, he continues to expand his holdings, buying silver at $32 an ounce, while applying the same principle to Bitcoin and gold. His initial Bitcoin purchase was at $6,000, with his strategy being to trade what he calls “fake money” for tangible assets, thus increasing his wealth.
The Futility of Wishing in Wealth Accumulation
Currently, Robert Kiyosaki owns 73 Bitcoins and aims to expand his collection to 100 within a year, irrespective of the market price. He emphasizes the importance of holding income-generating assets like real estate and gold mines, while storing profits in Bitcoin, gold, and silver—assets he regards as “real money.” Kiyosaki concludes with a poignant reminder that mere wishing will not lead to financial growth, a sentiment that resonates with many investors.
The cryptocurrency market is witnessing a significant surge, with Bitcoin trading around $86,985, marking an over 5% increase in the past 24 hours. With a market capitalization of $1.752 trillion, Bitcoin has now overtaken silver to become the 8th largest asset globally.
