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Cryptocurrency News Articles
Robert Kiyosaki's Bitcoin Strategy: Buy and Hold, No Matter the Price
Nov 11, 2024 at 05:41 am
Robert Kiyosaki, has made it clear that his belief in Bitcoin remains strong, even with the cryptocurrency reaching a new price milestone of $77,000 per coin.
Robert Kiyosaki is doubling down on his Bitcoin (CRYPTO: BTC) strategy despite the cryptocurrency reaching a new price milestone of $77,000 per coin.
While many investors might hesitate to buy Bitcoin at such a high price, Kiyosaki is sticking to his plan—buy and hold, no matter the cost.
This decision comes as part of Kiyosaki’s broader strategy of long-term wealth accumulation. He’s not trying to time the market or predict the next price drop; instead, he’s focused on consistently increasing his Bitcoin holdings. Let’s take a closer look at why Kiyosaki is confident in his strategy, despite Bitcoin’s high price.
The Bitcoin Strategy: Consistent Buying, No Matter the Price
Kiyosaki’s approach to Bitcoin is rooted in his past experiences with gold and silver. He started buying Bitcoin when its price was just $6,000 per coin, and to date, he has accumulated 73 Bitcoins. However, Kiyosaki isn’t worried about short-term fluctuations in the market. His goal is simple: to own as much Bitcoin as possible, regardless of the current price.
This strategy mirrors his investments in precious metals. Kiyosaki recalls buying silver at just $1 per ounce and continuing to purchase more even when it hit $32 an ounce. The same goes for gold. His point is clear: price doesn’t matter as long as you’re accumulating the asset over time.
For Kiyosaki, the goal isn’t to “buy low and sell high.” Instead, he believes the key to wealth is owning a substantial amount of an asset, especially one with long-term potential, like Bitcoin.
Bitcoin: The “Real Money” of the Future
In Kiyosaki’s view, Bitcoin isn’t just another investment opportunity—it’s “real money.” Unlike traditional currencies that can be inflated or manipulated by governments, Bitcoin is decentralized and its supply is limited, making it a more stable store of value in the long run.
Kiyosaki has always been a proponent of investing in hard assets like real estate and precious metals. Bitcoin, in his eyes, fits perfectly into this category. By consistently purchasing Bitcoin, he’s building a portfolio of assets that he believes will continue to grow and withstand the test of time.
For Kiyosaki, it’s not about catching Bitcoin at its lowest price—it’s about owning as much of it as possible. The more Bitcoin he owns, the more he secures his financial future, regardless of price swings in the short term.
Aiming for 100 Bitcoins
Kiyosaki has made it clear that he intends to own 100 Bitcoins by the end of next year. Even though Bitcoin is currently priced at $77,000 per coin, he’s not letting that stop him. For Kiyosaki, the price tag is irrelevant. His focus is on reaching his target of 100 Bitcoins.
While other investors might be hoping for a drop in Bitcoin’s price before they buy, Kiyosaki isn’t waiting for the perfect moment. He understands that predicting price movements is nearly impossible, so he’s choosing to build his Bitcoin holdings steadily, even at higher prices. His strategy is clear: accumulate as much Bitcoin as possible and hold onto it for the long run.
Why Kiyosaki’s Strategy Makes Sense
For many, buying Bitcoin at $77,000 per coin might seem risky. However, Kiyosaki’s philosophy is rooted in the belief that Bitcoin’s value will continue to rise in the coming years. By focusing on the long-term potential of Bitcoin, Kiyosaki is positioning himself for future financial success.
The real power of his strategy lies in its simplicity: buy and hold. While many investors get caught up in the volatility of the market, Kiyosaki’s approach remains steady. He’s not concerned with day-to-day price movements but is focused on building a solid foundation of assets that will serve him well in the future.
Conclusion: Focus on Building, Not Timing
Robert Kiyosaki’s Bitcoin strategy is simple but effective. By focusing on owning more Bitcoin, rather than trying to time the market, he’s building long-term wealth that will last. Whether the price of Bitcoin goes up or down, Kiyosaki’s strategy remains the same: buy and hold as much Bitcoin as possible.
While other investors may be waiting for a better price or trying to predict the next market crash, Kiyosaki is focused on accumulating Bitcoin consistently. For him, this is the key to creating real, lasting wealth. If you’re looking to build a strong financial foundation, following Kiyosaki’s lead might be worth considering.
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