Robert Kiyosaki, the famous author of the book Rich Dad Poor Dad, announced that he continues his commitment to Bitcoin and plans to increase the number of Bitcoins he owns from 73 to 100 within a year.
Kiyosaki’s journey with BTC began when he purchased his first Bitcoin for $6,000, and he recently stated that he was not deterred by Bitcoin’s current value of $76,000 per coin. According to Kiyosaki, accumulating assets regardless of fluctuating prices is the fundamental principle of wealth creation.
In a recent article, Kiyosaki took a look at common financial mindsets, contrasting what he sees as a “rich” approach to wealth with a “poor” mindset. He stresses that waiting for prices to fall can hinder wealth creation, saying: “Prices will fall. … But prices alone do not make you rich. Ultimately, what makes a person rich is how many coins or ounces of gold they control.”
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Kiyosaki extended his philosophy to other assets, explaining that he first started buying silver at $1 an ounce and continues to buy it today at $32 an ounce. The same mentality applies to gold, which he holds along with income-producing real estate and gold-producing mines. To Kiyosaki, these assets represent “real money,” contrasting with fiat currencies, which he often criticizes as “fake money.”
Referring to his cryptocurrency journey, Kiyosaki admitted that he missed Bitcoin’s early and low prices, saying, “I wish I had bought Bitcoin at $10 per coin… but I didn’t. I started buying at $6,000 and I’m glad I did.” However, he continues to focus on accumulating rather than timing the market, as he plans to reach his goal of 100 Bitcoin within the next year.
*This is not investment advice.
