Robert Kiyosaki, the billionaire investor and Rich Dad Poor Dad author, has reflected on his Bitcoin investment journey, stating that the $107,000 is not expensive considering that BTC could hit $1 million in the future. He added that it’s not prudent for long-term investors to wait on the sidelines, but instead should start accumulating BTC and Satoshi, anytime they can. As of press time, Bitcoin price is trading at $108,284 levels with a 30% jump in daily trading volumes.
Robert Kiyosaki Believes Bitcoin At $107,000 Is Not Expensive
While reflecting on its Bitcoin investment journey, Rich Dad Poor Dad author Robert Kiyosaki emphasized that long-term investors should focus on accumulating BTC as much as they can. He added that investors currently viewing the BTC price are all about perception.
Kiyosaki revealed that he entered the Bitcoin market relatively late, purchasing his first Bitcoin at $6,000 per coin. “It was expensive,” he admitted, but now, with Bitcoin trading at $107,000, he regrets not buying more at that price.
Despite the steep price, Robert Kiyosaki continues to invest, citing potential long-term gains. “If and when Bitcoin sells for $1 million a coin, I will once again be saying, ‘I wish I had bought more,’” noted Kiyosaki.
Kiyosaki encouraged investors to act early before it’s too late, stating that BTC could be worth $1 million in the future. He underscored his belief in the asset’s long-term value, calling a $107,000 Bitcoin “priceless.”
However, note that last week, Robert Kiyosaki also said that Bitcoin price could crash before making the upside move in the short term. However, he continues to believe that Bitcoin is the best long-term bet for 2030 and beyond. For now, his best bet is Silver, expecting the asset class to nearly 3x by the year-end.
BTC Apparent Demand Is Dropping
As per on-chain data provider CryptoQuant, there’s a shift in Bitcoin’s demand dynamics, with apparent demand turning negative. New buyer activity is failing to offset the selling pressure from miners and long-term holders, creating a demand deficit. This imbalance signals growing market weakness. CryptoQuant analyst CrazzyBlock noted:
“The current negative reading indicates a critical demand deficit. The flow of coins onto the market from miners and profit-taking LTHs is now greater than what new buyers are purchasing.”
As of press time, Bitcoin price is trading 1% up at $108,240.14, with its daily trading volume surging 30% to more than $38 billion. The recent liquidation data shows that BTC futures open interest is up 2.33% to more than $72.5 billion.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.
He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
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Source: https://coingape.com/robert-kiyosaki-says-i-wish-i-had-bought-more-stressing-1m-bitcoin-target/