Did Robert Kiyosaki invest in Bitcoin?
Kiyosaki has been steering investors toward gold, silver and bitcoin for a while now if you keep up with his social media posts.
I expect Bitcoin to be $100K by September 2024," Kiyosaki wrote. The author bought five more Bitcoins in early 2024 during the spot exchange-traded fund (ETF) approvals. He has huge unrealized profits on his position but is still buying more.
Kiyosaki's net worth is largely due to his success in real estate investing, book royalties, and smart business moves. He has also invested in assets like gold, silver, and cryptocurrencies.
'Rich Dad Poor Dad' Author Robert Kiyosaki Says 'Buy As Much Bitcoin As You Can Afford' Renowned investor and author Robert Kiyosaki is bullish on Bitcoin, urging investors to buy as much as possible.
Bitcoin was the first cryptocurrency created and is now the most valuable and well known. It was launched in January 2009 by a computer programmer – or group of programmers – using the pseudonym Satoshi Nakamoto. Nakamoto's actual identity has never been verified.
Robert Kiyosaki, the bestselling author of “Rich Dad Poor Dad,” said during a recent radio show that while he thinks Bitcoin is a “strange animal,” he also believes it's the future of money. This comes amid the asset's recent bullish run, with Bitcoin breaching the $50,000 ceiling a few days ago.
Over the past few years, Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, has become a strong advocate of Bitcoin (BTC -3.35%) as a potential path to "rich dad" status.
In order to avoid loss, Kiyosaki suggested to invested 75% in gold, silver, bitcoin and make 25% investment in real estate/oil stocks.
Kiyosaki shared on social media platform X Thursday that his consistent purchases of gold, silver, and bitcoin are driven by the belief that U.S. leaders want “more war and poverty.” He went on to advise people to preserve wealth in the three asset classes.
For Kiyosaki, silver and other precious metals are better to hold on to because they are scarce, real, usable assets that don't get devalued due to inflation like the dollar does.
Who says Bitcoin is going to zero?
Asserting his stance further, Rogers predicted the eventual demise of Bitcoin, stating, "Bitcoin will disappear and go to zero someday." He contrasted this with the enduring value of commodities like sugar, saying, "The value of sugar is not going to disappear and go to zero someday."
Alone at the top: There are only 6 Bitcoin billionaires in the whole world, new report reveals. Only 22 people in the world are crypto billionaires, a new study says.
Bitcoin accounts for more than half of crypto-millionaires fortunes while 72 of the centi-millionaires and six of the crypto-billionaires made their fortunes from trading Bitcoin. However, these fortunes may be at risk, leading to these super-wealthy individuals seeking assistance to protect their digital currencies.
According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
Bitcoin was created by an anonymous person or group using the pseudonym Satoshi Nakamoto. Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the concept of a decentralized digital currency.1 The true identity of Satoshi Nakamoto remains unknown to this day.
Kiyosaki has stated in his own books and videos that he uses real estate primarily as a long-term investment to generate income, rather than as a way to earn short-term gains. Getting real cash in your pocket from your investments is one of the cornerstones of Kiyosaki's philosophy.
Perhaps the most famous value investor of all time, Warren Buffett is strongly against Bitcoin and other cryptocurrencies, saying, "You can't value Bitcoin because it's not a value-producing asset." Buffett and his holding company Berkshire Hathaway Inc. have been well-known for their investments in stable and ...
Kiyosaki said he is into blockchain and owns Ethereum. “I'm still in favor of Bitcoin. I'm not against it as many people in my genre, in my age group, are, because I think Bitcoin is solid. I'm actually more into blockchain and I do own Ethereum.”
The safest route is sticking with established, big-cap cryptos with real-world utility and demand. I'm thinking specifically of Bitcoin (BTC-USD) and Ethereum (ETH-USD).
What is the best crypto to get rich?
One of the best crypto that can make you rich is Green Bitcoin ($GBTC). This new ERC-20 token will allow investors to earn rewards through its gamified green staking model and by playing an exciting game.
CME Group Inc. (NASDAQ:CME), Canaan Inc. (NASDAQ:CAN), NVIDIA Corporation (NASDAQ:NVDA), and Interactive Brokers Group, Inc. (NASDAQ:IBKR) are some hot crypto stocks being bought by billionaires.
Given skyrocketing deficits and what Kiyosaki perceives as fiscal mismanagement, he believes the dollar and the stock market in particular are vulnerable to crashes as more investors lose faith in their value.
- Family and Friends. Raising investment money from family and friends is both the most accessible and the most dangerous way to go. ...
- Seller Financing. ...
- Cash Flow Financing. ...
- Lender Financing. ...
- Assumable Loans. ...
- Outside Investors. ...
- The Bottom Line.
In my opinion, I like to see income coming in from all the asset classes — business, paper assets, commodities and real estate. That's true “diversification” of your assets, and a safety net that's a way of hedging your “bets” in any one investment arena or sector.
