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Kiyosaki: Bitcoin is “Real Money,” Buy More Now, Regardless of Price

Kiyosaki: Bitcoin is “Real Money,” Buy More Now, Regardless of Price

CoinEditionCoinEdition2024/11/08 16:00
By:Coin Edition

Kiyosaki stresses accumulating real assets like Bitcoin over fiat, ignoring price dips. Bitcoin surged 9.81% this week, hitting $76,461 with a market cap increase to $1.51 trillion. Kiyosaki suggests early adopters and long-term Bitcoin holders gain more than USD holders.

  • Kiyosaki stresses accumulating real assets like Bitcoin over fiat, ignoring price dips.
  • Bitcoin surged 9.81% this week, hitting $76,461 with a market cap increase to $1.51 trillion.
  • Kiyosaki suggests early adopters and long-term Bitcoin holders gain more than USD holders.

Bitcoin’s price surge to $76,461.05, a near 10% climb this week, had Robert Kiyosaki doubling down on his belief in digital assets like Bitcoin, along with gold and silver, as true stores of value. He urged investors to focus on trading their “fake money” (US dollars) for these “real money” assets, regardless of price fluctuations.

Kiyosaki’ observed that many people hesitate to invest when prices rise, hoping for price drops that may never materialize.

https://twitter.com/theRealKiyosaki/status/1855098994797727982

Why Real Assets Matter More Than Fiat Currency

Kiyosaki disclosed that he started buying silver when it was $1 an ounce, acquiring thousands of ounces over time, a practice he continues even as the price reaches $32 per ounce.

Likewise, he started investing in Bitcoin at $6,000 and continues to accumulate more. He currently holds 73 Bitcoins and plans to own 100 within the next year, regardless of price.

Sumit Kapoor, founder of WiseAdviceSumit, commented on Kiyosaki’s approach, highlighting that early adopters and long-term Bitcoin holders are likely to benefit most from its price appreciation.

Kiyosaki described three types of investors: 

  • Those who short Bitcoin and hold U.S. dollars, which he views as a poor strategy
  • Those who go long on Bitcoin;
  • Those who, like him, short the USD and go long on Bitcoin.

Read also: Robert Kiyosaki: Why I’m Betting on Bitcoin Over Fiat Currency

Bitcoin’s Market Performance

Bitcoin’s recent price surge has been accompanied by an increase in market cap to $1.51 trillion, though trading volume has decreased by 13.93% in the last 24 hours.

Kiyosaki: Bitcoin is “Real Money,” Buy More Now, Regardless of Price image 0 Kiyosaki: Bitcoin is “Real Money,” Buy More Now, Regardless of Price image 1 Source: CoinMarketCap

The asset’s price fluctuated, dipping below $70,000 before a sharp rebound on November 6, which propelled it back over $75,000 and into the current price range of $76,591.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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