Renowned author and financial educator Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” continues to advocate for Bitcoin investment, even as its price hovers around $77,000. While many potential investors await a price drop, Kiyosaki’s approach is straightforward: acquire and retain as many Bitcoin as possible, regardless of the cost.
Buy and Hold, No Matter the Price
Kiyosaki began his journey into Bitcoin investment when the price was only $6,000 per coin. Today, he proudly owns 73 Bitcoin and remains undeterred by short-term market fluctuations. For Kiyosaki, the focus is on the quantity of Bitcoin he holds, with a goal to accumulate 100 Bitcoin within the next year. His philosophy is that the number of coins held is the true measure of wealth, not their market price at any given moment.
In a recent tweet, Kiyosaki drew parallels between Bitcoin and his previous investments in gold and silver. He reminisced about purchasing silver at $1 per ounce and continuing to invest even as the price rose to $32 an ounce. Similarly, he persisted in acquiring gold despite its escalating cost.
Words & Thoughts of a Wealth-Builder
- Bitcoin costs $76,000 now. “That’s too expensive. I will wait till the price goes down.”
- Gold is $2,684 an ounce. “That’s too expensive. I will wait for the price to come down.”
- Silver is $32.00 an ounce. “That’s too expensive.”
Kiyosaki asserts that in the grand scheme of wealth-building, the price is secondary; what truly matters is the accumulation of the asset.
Bitcoin as Real Money
For Kiyosaki, the goal isn’t about timing the market perfectly but rather about amassing assets. He views Bitcoin not merely as a speculative venture but as a form of “real money.” This belief is part of a broader strategy that includes owning income-generating real estate and gold-producing mines. His diverse asset portfolio is designed to endure and thrive over time, showcasing his commitment to sustainable wealth.
Key to Kiyosaki’s Wealth Strategy
While many investors wait for Bitcoin prices to drop, Kiyosaki’s perspective is broader. His approach isn’t about capturing Bitcoin at its lowest value; it’s about consistent accumulation. He aims to own 100 Bitcoin in the coming year, understanding that mere “wishing” won’t increase his wealth. His advice is clear and straightforward: prioritize owning more Bitcoin rather than delaying for a price decline. By continually buying, Kiyosaki ensures a solid foundation of assets that are likely to benefit him in the long run.
