‘Rich Dad Poor Dad’ Author Says Bitcoin Made Him ‘Very Rich’ and Will Make Even Richer

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As a seasoned financial analyst with decades of experience under my belt, I find myself constantly seeking wisdom from the great minds in finance. Robert Kiyosaki, author of “Rich Dad Poor Dad,” has always been one of those I admire for his practical and actionable advice on wealth creation. His recent tweet about Bitcoin, acknowledging its significant role in his fortune, caught my attention.

Kiyosaki’s approach to investing resonates with me – invest in what you understand and learn from the wise ones, but ultimately form your own opinions. His respectful yet independent stance on Warren Buffett’s views on Bitcoin is a testament to this philosophy. While I acknowledge the wisdom of Buffett and Munger, I also believe that one should not blindly follow their investment strategies without understanding the underlying assets themselves.

Investing in Bitcoin has been an exciting journey for me, and it has undeniably played a crucial role in my wealth creation. However, I’d be remiss not to mention my successful ventures in real estate during the mortgage crisis of 2008-2009, which brought significant returns. Gold, silver, and Bitcoin have all contributed to my fortune, but it is essential to remember that diversification is key.

Kiyosaki’s prediction of Bitcoin reaching $350,000 this year might seem audacious, but I’ve learned not to underestimate the power of disruptive technologies like Bitcoin. The recent outflows from BlackRock suggest a growing interest in Bitcoin among institutional investors, which could lead to increased demand and potentially drive up prices.

In closing, I’d like to share a joke that always reminds me to stay humble and keep learning: “I don’t know where I’m going, but I’m making great progress!” As financial analysts, we should never stop learning and adapting to the ever-changing market landscape.

Robert Kiyosaki, a well-known figure in financial circles and author of the popular wealth management book “Rich Dad Poor Dad,” recently posted a tweet that shows admiration for Bitcoin, referring to investing legend Warren Buffett as both a “prophet” and the “Oracle of Omaha.

Kiyosaki also revealed the big role that Bitcoin played in the making of his fortune.

“I plan on getting richer” with Bitcoin, Kiyosaki says

In a recent tweet, Robert Kiyosaki, the author of “Rich Dad Poor Dad”, acknowledged Warren Buffett’s critique of Bitcoin but emphasized that Buffett’s overall investment strategy remains shrewd. According to Kiyosaki, he concurs with Buffett and his longtime associate Charlie Munger on the importance of understanding and thoroughly researching what you choose to invest in.

As per the tweet, Kiyosaki often advises his clients to admire, learn from, and pay attention to individuals who are more knowledgeable than him, particularly in the field of Bitcoin.

According to the financial expert, Bitcoin, along with his investments in real estate, gold, and silver, has contributed significantly to his substantial wealth. He further expressed that he anticipates growing even wealthier in the future. In simpler terms, he declared, “These four assets – Bitcoin, real estate, gold, and silver – have made me extremely wealthy, and I aim to become even wealthier.

Robert Kiyosaki became well-known for amassing significant wealth through property investments during the 2000s, particularly during the 2008-2009 mortgage crisis. This was a period when commercial real estate prices plummeted, and he took advantage of the situation to acquire more properties.

As a financially savvy individual who has navigated my fair share of market fluctuations over the years, I must admit that Warren Buffett and Charlie Munger’s opinions about Bitcoin carry some weight. However, their perspectives are rooted in traditional investing strategies, which may not fully encompass the unique aspects of cryptocurrencies like Bitcoin. While it is essential to consider their insights, I believe my personal investment decisions should be guided by a comprehensive understanding of both traditional and emerging market trends, as well as my individual risk tolerance and financial goals. In essence, I value Buffett and Munger’s wisdom but recognize that their approach may not align perfectly with the dynamic nature of Bitcoin and other cryptocurrencies.

— Robert Kiyosaki (@theRealKiyosaki) January 1, 2025

Later, he started investing in physical gold, silver, and digital gold – Bitcoin.

Kiyosaki predicts Bitcoin to $350,000 this year

Approximately a week ago, renowned financial authority Kiyosaki expressed an astounding forecast, suggesting that the most significant cryptocurrency could soar to the $350,000 mark by 2025. He also noted substantial Bitcoin transfers from BlackRock, implying that Larry Fink might be divesting from Bitcoin.

Additionally, Kiyosaki suggested that BlackRock was artificially suppressing the price of Bitcoin, preventing it from reaching $100,000, to enable large investors (whales) to acquire more Bitcoin. He expressed a preference for purchasing Bitcoin directly and storing it in his digital wallet rather than investing in Bitcoin ETFs offered by BlackRock, specifically spot ETFs. Kiyosaki stated that he would continue to invest in Bitcoin as its value continues to increase.

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2025-01-02 12:31