Acclaimed author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki has never shied away from making audacious financial prophecies, and his latest standpoint on Bitcoin’s plunge is no different. Through his social media platform X (formerly known as Twitter), on the 8th of January, Kiyosaki redefined Bitcoin’s recent fall below $100,000 — dropping to $95,000 before stabilizing at $96,000 — as an exceptional investment opportunity than a reason for worry.
Kiyosaki’s Strategy: “Purchase at Dips, Hold Firmly”
Rather than harboring fears like most investors, Kiyosaki took advantage of the situation and began accumulating Bitcoins. Considering that only 21 million coins will ever be in circulation and less than 2 million left to mine, each price drop serves to strengthen his conviction that the demand and decreasing supply will clash someday.
Kiyosaki swiftly posted on his X account to clarify his position:
“Bitcoin plummeting. This is fantastic news. I persist in acquiring Bitcoin as its depreciation indicates a discount price. Recall ‘Invest at a low price… and hold firm.’ Less than 2 million more Bitcoins left to be mined.”
This tactic is nothing new for Kiyosaki. Over time, he has constantly presented Bitcoin as a shield against inflation and a safety net during economic uncertainties— a belief that has only heightened considering his overall economic perspective.
Economic Forecasts: A Mix of Doom and Gloom
Kiyosaki’s financial wisdom doesn’t end with Bitcoin. He previously predicted a grim future for the world economy, suggesting that the “largest stock market collapse in history” is already underway. His advice to the masses is simple: be ready for a downfall in prices across the spectrum.
“Be intelligent, stay informed and alert. Several costly assets such as houses, gold, silver, and Bitcoin will be available at discounted prices. I intend to invest in more tangible assets with artificial US dollars.”
Kiyosaki, the host of the ‘Rich Dad Radio Show,’ often refers to printed money as “counterfeit” due to its depreciating value from inflation and excessive government expenditure. Instead, he recommends transforming paper money into “actual” assets like gold, silver, and Bitcoin. His financial strategy is straightforward — buy scarce, tangible assets during price drops to amass long-term wealth.
Moreover, it’s crucial to understand that Kiyosaki doesn’t rely solely on Bitcoin. Gold and silver are his mainstays for wealth conservation, and he often advises his followers to diversify their assets into these metals along with cryptocurrencies. Although he has discussed other digital assets like Solana previously, his emphasis now is on fundamental investments—those he believes can withstand economic turbulences.
Disclaimer: The accompanying illustration in this post is just for illustrative purposes. It may not be an accurate depiction of the individuals discussed.
FAQs:
Does Kiyosaki advise investing solely in Bitcoin?
No, Robert Kiyosaki promotes diversifying investments into other real assets like gold and silver in addition to Bitcoin.
What is Kiyosaki’s view on paper money?
Kiyosaki often refers to paper money as “fake,” arguing that its value is continuously eroded by inflation and excessive government spending.
What is Kiyosaki’s investment strategy?
Kiyosaki’s strategy mainly revolves around buying scarce, tangible assets, like gold, silver, and cryptocurrencies, especially during price drops to build long-term wealth.
How does Kiyosaki view Bitcoin market crashes?
Robert Kiyosaki sees Bitcoin market crashes as buying opportunities. He believes that this is the best time to invest in Bitcoin as prices are low.
