Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has once again shared his strategic approach to Bitcoin investment, revealing the specific price points at which he plans to buy more and where he will temporarily halt purchases. His insights come as Bitcoin has continued its impressive rally, recently reaching new all-time highs.
Buying the Dip (Eventually)
Kiyosaki, a longtime advocate for Bitcoin and a frequent critic of traditional financial systems, publicly stated his intention to buy more Bitcoin earlier this week when its price crossed $117,000. On the social media platform X, he encouraged others to “study, learn, and find out if Bitcoin is your path to becoming a millionaire.” This sentiment aligns with his broader philosophy of empowering individuals to take control of their financial education and investment decisions.
However, shortly after Bitcoin surged past $120,000, hitting a new all-time high, Kiyosaki announced a pause in his Bitcoin acquisitions. While congratulating existing holders, he cautioned against excessive greed, a theme he frequently addresses in his teachings. He explained his decision, stating, “As tempting as bitcoin going from $200K to $1 million is… I do not want to be a hog and get slaughtered.” This reiterates his famous adage, “Pigs get fat, hogs get slaughtered,” emphasising the risks of overexposure and impulsive decisions during bullish market conditions.
Anticipating a Market Downturn
Kiyosaki’s strategy involves waiting for a sharp market downturn before re-entering the market. He anticipates that “after the hogs stop squealing and selling and blaming bitcoin for their losses, my fellow pigs and I will buy more bitcoin on sale.” This patient approach highlights his belief in acquiring assets at discounted prices, a principle he often extols in his financial guidance.
Despite this near-term caution, Kiyosaki maintains an ultra-bullish long-term outlook for Bitcoin, still forecasting that the digital asset will eventually reach $1 million. For newcomers to crypto, he advises starting small, even with a “satoshi” (the smallest unit of Bitcoin), to gradually build exposure. He also drew a parallel to legendary investor Warren Buffett’s substantial cash reserves, suggesting that Buffett too might be “waiting for the world to crash” to acquire prime assets at a discount. Kiyosaki concluded by affirming his strong conviction: “I love my bitcoins… all of them.”
