Robert Kiyosaki Buys More Bitcoin at $118,667 Despite Earlier Price Drop Hopes

Robert Kiyosaki, the renowned author of ‘Rich Dad Poor Dad,’ recently confirmed his purchase of additional Bitcoin (BTC) following the cryptocurrency's price surge above $117,000. This move comes despite his earlier comments about waiting for a price drop before making further investments. Kiyosaki remains optimistic about Bitcoin's potential, predicting that it could reach $1 million and asserting that it is a clear path to wealth.

Kiyosaki shared his latest Bitcoin acquisition on his verified social media account on July 11, shortly after Bitcoin achieved a new all-time high of $118,667. He expressed his enthusiasm by stating, “I will buy one more Bitcoin ASAP.” He emphasized that becoming rich has never been easier and that Bitcoin is a viable route to millionaire status. Kiyosaki has long been an advocate for Bitcoin, acknowledging that his initial hesitation was due to a lack of understanding about modern money. However, he now views Bitcoin as a valuable long-term asset and frequently warns about the risks of inflation and holding cash.

Kiyosaki's latest purchase is notable given his previous statement just two weeks prior, where he indicated he was waiting for a price crash before buying more. The price of Bitcoin continued to climb, and despite the absence of a drop, Kiyosaki decided to invest anyway. His comments reflect a broader trend of optimism among Bitcoin advocates, who see the cryptocurrency as a hedge against inflation and a means to accumulate wealth.

Kiyosaki's move coincides with a strong run for Bitcoin, which had been in a tight range before pushing higher in early July. Some analysts believe the next significant price level to watch is $135,000. Katie Stockton of Fairlead Strategies noted that Bitcoin had cleared key technical levels, suggesting potential for further upside if momentum holds. Kiyosaki has previously mentioned higher targets, including a prediction that Bitcoin could hit $250,000 by 2025 and a long-term target of $1 million, though without specifying a timeline. Other Bitcoin advocates, such as Samson Mow and Pete Rizzo, have also made bold claims about Bitcoin's future price, with Mow suggesting a 10x move and Rizzo citing investor Tuur Demeester's 2012 prediction of $500,000 when Bitcoin was worth just $100.

Kiyosaki's posts often elicit strong reactions, with some pointing out inconsistencies in his messages. For instance, in late June, he stated he would wait for a drop before buying again, but less than two weeks later, he purchased more at a higher price. Despite these fluctuations, his overall message remains consistent: investors should buy assets not tied to fiat money, with Bitcoin, gold, and silver being his preferred choices. Among these, he believes Bitcoin has the most significant growth potential. As of the latest update, the price of Bitcoin was trading around its recent high of $118,903.59, and Kiyosaki appears confident that buying more now still makes sense, regardless of the price.