TL;DR
- Robert Kiyosaki sees Bitcoin’s recent drop as a buying opportunity, reinforcing his strategy of “Buy low, HODL hard”.
- Despite the global economic crisis, Kiyosaki continues to bet on assets like gold, silver, and Bitcoin to protect his wealth.
- The author of “Rich Dad, Poor Dad” predicts an even greater market collapse, recommending the purchase of real assets at low prices.
The famous author of “Rich Dad, Poor Dad”, Robert Kiyosaki, has always been known for his bold financial predictions. This time, his take on Bitcoin’s recent drop has surprised many. In a post on January 8 on X (formerly Twitter), Kiyosaki framed the cryptocurrency’s fall below $100,000, touching $95,000 before stabilizing around $96,000, as an opportunity for investors, rather than a cause for concern.
For Kiyosaki, the strategy is clear: “Buy low, HODL hard”. While many investors feel insecure and fear the future of Bitcoin, he remains confident and optimistic. According to Kiyosaki, with only 21 million coins in circulation and fewer than 2 million left to be mined, every price dip strengthens his belief that demand will eventually meet an increasingly limited supply. He believes this scarcity will only increase the value of Bitcoin in the long run.
Kiyosaki’s Bet: Real Assets for Long-Term Wealth
Despite the drop in Bitcoin’s value, Kiyosaki hasn’t slowed down his buying. In his own words,
“Bitcoin crashing is great news. I continue buying Bitcoin because Bitcoin crashing means Bitcoin is on sale. Remember: ‘Buy low, HODL.’”
This mindset aligns with his previous beliefs, where he sees Bitcoin as a hedge against inflation and a way to protect against economic instability. Over the years, he has consistently advocated for investing in scarce, tangible assets such as gold and silver, while also including cryptocurrencies in his recommendations.
Kiyosaki has also warned about the global economic situation, stating that what is happening now could be the beginning of the biggest stock market crash in history. According to him, prices for many assets, including real estate, gold, silver, and Bitcoin, will be on sale, offering a unique opportunity for those who are prepared. He advises his followers to stay vigilant and ready to act when these opportunities arise.
Despite the economic uncertainty, Kiyosaki stresses that one should not rely exclusively on Bitcoin. While he views the cryptocurrency as a powerful tool, he also emphasizes the importance of diversifying into traditional assets. With his focus on real assets, Kiyosaki encourages his followers to seize the opportunities that will arise when prices fall, ensuring that this is the key to building long-term wealth.
