Robert Kiyosaki Owns 73 Bitcoin Aiming For 100: Here’s His Buying Strategy

by

Robert Kiyosaki, renowned globally for his book “Rich Dad Poor Dad,” has garnered fresh interest due to his persistent advocacy for assets such as Bitcoin, Gold, and Silver. Notably, he expresses strong conviction in these endorsed assets, having made substantial investments in them throughout the years. To date, Kiyosaki owns approximately 73 Bitcoins and aims to own 100 within a year. Remarkably, he has developed an investment strategy which he encourages his followers to emulate.

Robert Kiyosaki Believes In The Power of Real Assets

The 77-year-old financial advisor is no novice, as he has been a part of the industry for decades. It includes his early interest in Silver, Gold, and even Bitcoin, a digital asset. Over the years, he has called these real assets the way to financial freedom instead of saving up fiat in banks. He has often questioned the FED and banks’ control of fiat, claiming that they make people poor, but BTC is making people rich, confirming this is why Robert Kiyosaki is buying BTC.

WORDS & THOUGHTS of a poor person.

1: Bitcoin costs $76,000. “That’s too expensive. II will wait till the price goes down.”

2: Gold is $2684 an ounce. “That’s too expensive. I will wait for the price to come down.”

3. Silver is $32.00 an ounce. “That’s too expensive.…

— Robert Kiyosaki (@theRealKiyosaki) November 9, 2024

In a particular post on X, he discussed his personal investment story, highlighting its distinctiveness from others. Using Bitcoin’s recent all-time high (ATH) price of $77K as an example, he pointed out that many people perceive it as a steep price and choose to wait for a decrease. However, the focus should not be on the price itself but rather on the quantity of tokens owned by an individual.

As a crypto investor, I understand that price drops might be on the horizon, but remember this: it’s not just about the price fluctuations that determine wealth in the world of cryptocurrency. In truth, what truly enriches an individual is the quantity of coins or ounces they hold and maintain control over.

Robert Kiyosaki contends that it’s not the price of items like silver or gold that makes someone wealthy, but rather the quantity – whether in coins or ounces – that a person possesses. Essentially, he argues that what truly matters is the amount controlled, not the cost. For instance, even when silver was priced at $32 and gold at $2684 per ounce (which were lower prices in the past), people still considered them expensive.

In his post, X shared a personal anecdote about wanting to purchase Bitcoin for only $10, but he unfortunately didn’t get the opportunity and ended up buying it at $6,000 instead. Regardless, he’s content with his decision since that same token is currently valued at $76,000 today. As a result, Robert now holds 73 Bitcoins and aspires to increase this amount to 100 in the near future.

A Simple Buying Strategy Is All You Need

According to a post on X, Robert Kiyosaki’s approach to investing is straightforward and can essentially be expressed as: “Don’t delay in purchasing; the perfect price doesn’t exist.” He effectively addresses the dilemma about finding the ideal time for acquisition, asserting that there isn’t one. Instead, his advice centers on acquiring suitable assets without anticipating a future decrease. Kiyosaki warns against the common mentality of “I will buy when the price decreases,” labeling it a costly error, particularly in relation to long-term growth-oriented assets such as Bitcoin, Gold, and Silver.

Robert Kiyosaki simplified the concept by detailing his personal Bitcoin purchasing journey. Specifically, he mentioned that he acquired BTC when its value was around $6,000. However, it dipped to $10 at one point, and currently, it’s sitting at approximately $76,000. He emphasized that he bought it at a lower price and continues to invest even at these high levels. In essence, he argued that the price might seem prohibitive, but what truly matters is the amount of assets you hold control over.

Beyond just mentioning this, he additionally cites his timing for purchasing Silver. Robert asserts that he bought Silver when it was worth a dollar and continues to purchase it now that its value is $32. He plans to keep acquiring these tangible assets in the future, regardless of their price. In conclusion, he expressed a desire to have purchased Bitcoin at $10, but lamented that such actions never make the already wealthy even wealthier.

“I too wish Bitcoin was back to $10 a coin….but “wishing” has never made poor people richer.”

Will Robert Kiyosaki’s Bitcoin Buying Strategy Work?

Robert Kiyosaki proposed a straightforward Bitcoin investment approach based on its promising long-term expansion. Moreover, he cautioned that we are currently in an “Everything Bubble,” where governments have substantial influence over financial entities, leading them towards imminent collapse. In light of this, he encourages his audience to invest in genuine assets that will persistently increase. Above all, he emphasized the importance of acting proactively, rather than merely dreaming about wealth, to achieve financial success.

In my professional perspective as an analyst, I must express that while Robert’s suggestion of buying without focusing on the immediate price might seem unconventional, it’s not about the quick profit-making approach favored by traders. Instead, it’s a strategy aimed at financial independence and future prosperity. This investment approach is based on the belief that these assets will continue to grow over time, as they have demonstrated in the past.

Read More

2024-11-09 10:54