CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Robert Kiyosaki’s Strategic Plan To Acquire BTC: He Will Stop Buying After This Point
Table of Contents
Market Musing-g

Robert Kiyosaki’s Strategic Plan To Acquire BTC: He Will Stop Buying After This Point

CoinPedia News
By CoinPedia News
5 months ago
3 mins read
Robert Kiyosaki’s Strategic Plan To Acquire BTC: He Will Stop Buying After This Point

Robert Kiyosaki, the Rich Dad Poor Dad Author, and one of the vocal Bitcoin advocates, in a latest X post, has revealed his Bitcoin plan. 

https://twitter.com/theRealKiyosaki/status/1856186649170063671

Kiyosaki To Buy BTC Until This Point

In his post, he noted that Bitcoin is over $88,000 and revealed that he will keep buying more Bitcoin till it passes $100,000 and will stop after that. “Not a time to get greedy,” he noted. 

While investors might get lured to sell off at these huge levels, Kiyosaki while seeing the opportunity, also notes the point at which discipline overrules excitement.

Kiyosaki’s Bitcoin Advice

Earlier this month, Kiyosaki shared his thoughts on the mindset of some investors who view Bitcoin’s rising price as “too expensive.” Speaking figuratively, he explained:

In a previous post, the Bitcoin advocate had shared “words and thoughts of a poor person.”He noted how people tend to think that the current prices are too expensive and then decide to wait till the price comes down. He expressed that prices will come down, but prices alone do not make a person rich. “Ultimately what makes a rich person rich is how many coins or ounces a person has in their control,” he noted. 

Kiyosaki Reflects On His Journey, Shares Words Of Wisdom

He reflected on his journey as to how he started buying silver at 1 dollar an ounce.  Now he has thousands of ounces and now he keeps buying at $32 an ounce. He noted that the same applies to Bitcoin and Gold as well. 

While he bought his first Bitcoin at $6,000, he continues to acquire at $76,000. He advised his followers to keep trading fake money for real money to get richer. While he wishes that he had bought Bitcoin at $10 per coin, he is still glad that he did start buying at $6,000. 

“While price per coin is important, ultimately it’s the number of coins, gold, silver, or Bitcoin that are yours,” the expert noted. 

'Wishing Will Never Make You Richer'

He revealed that currently, he owns 73 whole Bitcoins. A year from now he intends to own 100 Bitcoins regardless of its price. He also disclosed that while he owns a lot of income-producing real estate and gold-producing mines, he saves his profits in Bitcoin, gold, and silver coins, which he terms as ‘Real money’. He concluded by sharing that while he also wishes Bitcoin was back to $10 a coin, ‘wishing’ has never made poor people richer.

Bitcoin has been trading with a significant surge in its price and is currently trading around $86,985, up over 5% in the last 24 hours. It has now also surpassed silver to become the 8th largest asset in the world as its $1.752 trillion market capitalization crossed silver's $1.726 trillion.

0 likes
|

Other articles published on Nov 12, 2024

Announcements

A judge has rejected ex-Celsius CEO Alex Mashinsky’s request to drop key fraud charges

A federal judge has denied Alex Mashinsky's request to dismiss two significant fraud charges related to his alleged manipulation of the CEL token
By Optimisus
5 months ago
2 mins read
Market Musing-g

Whales Accumulate ADA, SUI and XYZ – Analysts Predict 5000% Gains on the Horizon

Whispers in the crypto world hint at big moves by major investors, signaling potential surges for certain digital currencies. Market analysts are noticing increased interest in specific tokens, spa...
By Bitcoin Sistemi EN
5 months ago
5 mins read
Market Musing-g

Can Ethereum Reach $6000 as $1.59B Shorts Face Liquidations?

Ethereum has recently seemingly gone back to trending as the ETH Exchange Liquidation Map showed spikes in short liquidations as ETH’s price climbed above $3157. The sharp increase in the cumulativ...
By Thecoinrepublic.com
5 months ago
4 mins read
Market Musing-g

XRP and Solana: The Next Crypto ETF Contenders Following Trump’s Victory?

Key Points The cryptocurrency ETF market may expand with potential filings for XRP, Solana, and Cardano. The U.S. election results could influence the regulatory approach and approval rates of cryp...
By CoinEagle.com
5 months ago
2 mins read
Announcements

Zilliqa's Mission to Unlock Web3 For All

By Zilliqa
5 months ago
1 min read
Market Musing-g

BounceBit Launches CeDeFi V2 Platform with Multi-Chain Support and Enhanced Features

BounceBit officially introduced its long-awaited CeDeFi V2 platform upgrade, which features multi-chain support for Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Bitcoin (BTC). Read origina...
By Coincu
5 months ago
3 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!