Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad,” is doubling down on his Bitcoin investment. He’s aiming to own 100 Bitcoin, even though the price is currently around $77,000.
“It’s About the Number of Coins, Not the Price”
Kiyosaki says he’s not worried about the price of Bitcoin. He believes it’s more important to own a large amount of assets, regardless of their current value. He compares his Bitcoin strategy to his investments in silver and gold, where he’s continued to buy even as prices have risen.
“I started buying silver when it was $1 an ounce,” he said. “Now I have thousands of ounces, and I keep buying even though it’s $32 an ounce. The same goes for gold and Bitcoin. I bought my first Bitcoin for $6,000, and I’m still buying even though it’s $76,000 now. Remember, it’s the number of coins you own, not the price per coin, that matters.”
Trading “Fake Money” for “Real Money”
Kiyosaki believes that owning assets like Bitcoin, gold, and silver is a way to trade “fake money” (like fiat currency) for “real money.” He’s comfortable accumulating more of these assets even as prices rise because he sees them as a store of value.
“I own a lot of income-producing real estate, I own gold-producing mines, and I save my profits in Bitcoin, gold, and silver coins,” he said. “Real money. I wish Bitcoin was back to $10 a coin, but wishing won’t make poor people richer.”
Kiyosaki’s Bitcoin Strategy
Kiyosaki currently owns 73 Bitcoin and plans to own 100 Bitcoin within a year. He’s confident that this strategy will pay off in the long run, regardless of the price fluctuations in the short term.
