He pointed out that many people shy away from these investments because they believe prices are too high.
However, Kiyosaki emphasizes that it’s not just the price that matters – it’s the amount you own.
Kiyosaki’s Strategy: Accumulate Bitcoin and Other Real Assets
Kiyosaki gave some examples: Bitcoin costs around $76,000, gold is about $2,684 an ounce, and silver is $32 an ounce. He says people often think, “That’s too expensive. I’ll wait until the price goes down.” But waiting for prices to drop isn’t necessarily the best strategy. He explains that true wealth comes from how much you own – how many coins or ounces of gold or silver are in your control.
Kiyosaki himself started small. He began buying silver at $1 an ounce and has accumulated thousands of ounces over time, even as the price rose. The same goes for Bitcoin; he started buying it when it was priced at $6,000, and he keeps adding to his holdings, even at today’s much higher price. “I wish Bitcoin was back to $10 a coin,” he said. But he knows “wishing” won’t make anyone richer.
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
For Kiyosaki, it’s all about putting your money into “real” assets, not what he calls “fake money.” Instead of saving in traditional cash, he chooses to invest in assets like Bitcoin, gold , and silver. He also owns income-producing real estate and gold mines, which provide a steady flow of income and wealth-building opportunities.
More About Kiyosaki & Bitcoin
He believes that holding onto these valuable assets is what builds true wealth. Just like the saying, “Don’t put all your eggs in one basket,” Kiyosaki diversifies his investments. By owning multiple types of assets, he’s prepared for whatever the economy might throw his way.
Kiyosaki aims to own 100 Bitcoins within a year, regardless of the price. For him, it’s not just about chasing a low price but about controlling as much as possible. “While the price per coin is important, ultimately, it’s the number of coins that you own that counts,” he explained.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
