Robert Kiyosaki is known worldwide for his book Rich Dad Poor Dad, but he has gained new attention for his constant endorsement of assets like Bitcoin, Gold, and Silver. Interestingly, he is confident in his endorsements, as he has actively invested in these hard assets over the years. Till now, Robert has collected over 73 BTC and is planning to achieve 100 within one year. Interestingly, he has built a buying strategy and has advised his followers to follow the same.
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 one such X post, he shared his investment journey and how it differs from the others. He took the example of the BTC price hitting the ATH at $77K just recently, and people mistaking it as an expensive price and fooling themselves into waiting till the price drops. However, it is not about price but the number of tokens a person holds.
“Prices will come down…. But prices alone do not make you rich. Ultimately what makes a rich person rich is how many coins or ounces a person has in their control. ”
Robert Kiyosaki believes prices do not make people rich, but the number of coins or ounces a person controls makes them rich. He explained that the same is true with Silver and Gold, as these are currently at high prices of $32 and $2684 an ounce, but these were much cheaper before. However, people called them costly even at that time.
The X post included his personal experience, as he also wished to buy real assets like Bitcoin at just $10. However, he missed the chance and bought it at $6k, but despite that, he is glad he did it, as the same token is worth $76K today. With this, Robert now owns 73 BTC and wishes to grow this number to 100 soon.
A Simple Buying Strategy Is All You Need
From the X post, Robert Kiyosaki’s buying strategies are quite clear and can be summarized into one sentence “Don’t wait for a better price.” He has cleared people’s doubts about choosing the right time to buy, as there is no right time. Instead, they should focus on buying the right assets without hoping for the next drop. He is clear that people live with the mindset of “I will buy when the price comes down,” but Robert calls it a costly mistake, especially for assets with long-term growth value like Bitcoin, Gold, and Silver.
Robert Kiyosaki made it easier to understand by sharing his own asset-buying experience, as he bought BTC when the price reached $6K, but it was $10 at some point, and it is $76K today. He cleared that he bought it at that low and is still buying it even at this price. Overall, he claimed that price is prohibitive, and what matters is how much asset you control.
Not only that, but he also references his Silver buying timings. Robert claims that he bought Silver when it was $1 and is still buying it when its price is $32. And will continue to buy these real assets in the future, regardless of price. He ended the post by saying he wished to buy Bitcoin at $10 but wishes never makes poor people richer.
“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 introduced a simple yet effective Bitcoin buying strategy, considering its long-term growth potential. More importantly, he believes that people live in the “Everything Bubble,” where the government controls the financial entities, pushing them to their collapse. As a result, he has asked his followers to go for the real assets as they will continue to grow. More importantly, he advised people to live as doers, not as just wishers to become rich.
However, many analysts would not agree with Robert’s advice of buying without looking for the price, as buying at low and selling at high is the most common practice. However, Roberts’s advice isn’t about only making a profit like traders, it is about achieving financial freedom and building for the future, as these assets will grow the way they have continued to grow.
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