Robert Kiyosaki Buys Bitcoin at $107,000, Predicts $1 Million Value

Robert Kiyosaki, the author of Rich Dad Poor Dad, has once again invested in Bitcoin, despite acknowledging the inherent risks. In a recent post on X, Kiyosaki expressed his belief that Bitcoin's value will eventually skyrocket to $1 million per coin. He acknowledged the possibility of being wrong, stating, "I realize I could be wrong and a sucker. Would not be the first time in my life I was played for a fool." However, he remains optimistic, asserting, "I believe Bitcoin will one day soon be $1 million a coin. If I am a sucker, I’d rather be a sucker than a loser if Bitcoin does go to $1 million."

Kiyosaki's investment philosophy has always prioritized the accumulation of assets over short-term price fluctuations. He believes that the quantity of assets owned is more crucial for long-term financial success than the current market prices. This philosophy is evident in his approach to Bitcoin, where he focuses on acquiring more of the cryptocurrency rather than timing the market. He revealed that he started buying Bitcoin when it was priced at $6,000 and regrets not purchasing more. He attributes his limited ability to accumulate further to what he terms "fake money," referring to fiat currency, which he criticizes for being inflationary and manipulated by central banks.

Kiyosaki's prediction of Bitcoin reaching $1 million is not new. In April, he forecasted that Bitcoin would surpass $1 million by 2035, with gold touching $30,000 per ounce and silver reaching $3,000 per coin. He also warned of an impending financial crisis, advising investors to hedge against it with alternative assets like Bitcoin, gold, and silver. His broader message for investors navigating volatile markets is clear: the quantity of assets owned is more important for future financial security than the current prices.

Kiyosaki's latest investment in Bitcoin underscores his long-term bullish stance on the cryptocurrency. Despite the risks, he is willing to take the chance, preferring to be a "sucker" rather than miss out on potential gains. His philosophy of focusing on asset accumulation over short-term price movements resonates with his broader investment strategy, which emphasizes long-term ownership and financial prudence.

Kiyosaki's recent purchase of Bitcoin at approximately $107,000 per coin was met with mixed reactions. While some Bitcoin enthusiasts praised his move, others cautioned that his reasoning might be flawed. David Leiter, a stock investor with over 30 years of experience, noted that investing due to the fear of missing out (FOMO) is rarely a good decision. He added that great investors typically do not pick investments based on such emotions.

Kiyosaki's latest Bitcoin acquisition comes just a day after he made another highly bullish post regarding the primary cryptocurrency. He asked his millions of followers on X whether BTC was too expensive today. He then noted that he made his first bitcoin investment when the asset traded at $6,000, which was also considered too expensive at the time. Now, though, that price tag seems like a lifetime ago, and he believes the current levels of just over $100,000 will be considered a good buying opportunity in several years. As such, he added that people should allocate more into BTC because they will wish they bought more in the future.