- Kiyosaki stresses accumulating real assets like Bitcoin over fiat, ignoring price dips.
- Bitcoin surged 9.81% this week, hitting $76,461 with a market cap increase to $1.51 trillion.
- Kiyosaki suggests early adopters and long-term Bitcoin holders gain more than USD holders.
Bitcoin’s price surge to $76,461.05, a near 10% climb this week, had Robert Kiyosaki doubling down on his belief in digital assets like Bitcoin, along with gold and silver, as true stores of value. He urged investors to focus on trading their “fake money” (US dollars) for these “real money” assets, regardless of price fluctuations.
Kiyosaki’ observed that many people hesitate to invest when prices rise, hoping for price drops that may never materialize.
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
Why Real Assets Matter More Than Fiat Currency
Kiyosaki disclosed that he started buying silver when it was $1 an ounce, acquiring thousands of ounces over time, a practice he continues even as the price reaches $32 per ounce.
Likewise, he started investing in Bitcoin at $6,000 and continues to accumulate more. He currently holds 73 Bitcoins and plans to own 100 within the next year, regardless of price.
Sumit Kapoor, founder of WiseAdviceSumit, commented on Kiyosaki’s approach, highlighting that early adopters and long-term Bitcoin holders are likely to benefit most from its price appreciation.
Kiyosaki described three types of investors:
- Those who short Bitcoin and hold U.S. dollars, which he views as a poor strategy
- Those who go long on Bitcoin;
- Those who, like him, short the USD and go long on Bitcoin.
Read also: Robert Kiyosaki: Why I’m Betting on Bitcoin Over Fiat Currency
Bitcoin’s Market Performance
Bitcoin’s recent price surge has been accompanied by an increase in market cap to $1.51 trillion, though trading volume has decreased by 13.93% in the last 24 hours.
The asset’s price fluctuated, dipping below $70,000 before a sharp rebound on November 6, which propelled it back over $75,000 and into the current price range of $76,591.
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Source: https://coinedition.com/kiyosaki-bitcoin-is-real-money-buy-more-now-regardless-of-price/