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Cryptocurrency News Articles
Robert Kiyosaki Says He’s Planning to Go on a Bitcoin Buying Spree Even Though BTC Looks “Too Expensive”
Nov 11, 2024 at 06:00 am
Rich Dad Poor Dad author Robert Kiyosaki says he’s planning to go on a Bitcoin buying spree even though BTC looks “too expensive.”
Robert Kiyosaki, author of Rich Dad Poor Dad, says he’s preparing to go on a Bitcoin (BTC) buying spree, even as the apex crypto seems “too expensive.”
In a new post on X, Kiyosaki says that price is not his primary concern when it comes to accumulating an asset.
According to the best-selling author, the amount of assets he owns is far more important to him because that’s “what makes a rich person rich.”
“I started buying silver at $1 an ounce. Now I have thousands of ounces. I keep buying at $32 an ounce.
The same is true for gold and Bitcoin.
I bought my first Bitcoin at $6,000 and I continue to acquire at $76,000.
Remember, while price per coin is important, ultimately it’s the number of coins, gold, silver, or Bitcoin that are yours that count more importantly than the price per coin.”
Kiyosaki notes that he’s comfortable accumulating more scarce assets despite rising prices because he’s trading “fake money” for “real money.”
“Today I own 73 whole Bitcoins.
A year from now, I intend to own 100 Bitcoin, regardless of price…
I own a lot of income-producing real estate, I own gold-producing mines, and I save my profits in Bitcoin, gold, and silver coins…. Real money.
I too wish Bitcoin was back to $10 a coin….but ‘wishing’ has never made poor people richer.”
At time of writing, Bitcoin is trading for $77,330, an over 1% increase on the day.
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