Benzinga - Robert Kiyosaki, renowned financial expert and author of "Rich Dad Poor Dad," has again made headlines in the crypto world for his stringent opinion on Bitcoin (BTC). Kiyosaki urges, "Don't be a loser" to those contemplating if Bitcoin's current price is a viable investment entry. With retail investors debating whether or not to shy away from Bitcoin, Kiyosaki is rejecting this notion entirely. He says this is merely a "lame excuse" not to invest that could relinquish investors from a life-changing opportunity.
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Kiyosaki’s bold remarks are in response to retail investors becoming skeptical of Bitcoin's price action. This fear stems from Bitcoin being stuck in a volatile consolidation period since March's all-time highs. The longer Bitcoin stays here, the more hesitant retail investors become — fearful of a pullback. Kiyosaki insists that this fear is unwarranted and playing into market sentiment is why most investors are unsuccessful.
Kiyosaki's investment philosophy adheres to strategic risk-taking and market trend analysis. He advocates that successful investments are made by leveraging the market's fear and greed rather than succumbing to it. Kiyosaki sets himself apart with his unique investment strategy by viewing deflationary assets such as Gold, Silver and Bitcoin as "on sale" when prices are low. Instead of giving in to the market's fear when prices are low, he seeks out investment entries at these oversold prices. Asset conviction — displaying confidence that prices will reclaim all-time highs — plays a vital role in turning a profit.
Synonymous with his strong conviction of fixed-supply assets, Kiyosaki pledges against inflationary assets like the U.S. dollar. He has long criticized holding fiat currencies — exclaiming, "Inflation makes the poor and middle class poorer … and makes the rich richer … today's rich work for & save Gold, Silver, & Bitcoin" in a post on X (formerly Twitter) from 2023. This position is rooted in governments’ ability to print more supply, making fiat currencies subject to inflation. Bitcoin, in contrast, has a fixed supply of 21 million tokens on its blockchain — making the price directly correlated with demand.
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In another post on X, Kiyosaki pokes fun at the average, financially uneducated person — insisting, "Workers and savers are losers." This furthers his stance that practicing traditional saving is an inferior method for safeguarding assets relative to a strategic investment.
We have all faced the psychological battle of holding volatile investments, and reminding ourselves of prestigious opinions can help. Kiyosaki's price prediction for Bitcoin is nothing short of bullish. In early June, Kiyosaki took to X again to say, "I am confident Bitcoin will hit $350,000 sometime in 2024." Despite recent volatility, his optimistic take on Bitcoin gives hope to many crypto investors who have questioned their holdings.
In a nutshell, Kiyosaki's message is clear — high prices should not be an excuse for inaction. Looking at more important factors like market trends and investing for the long term rather than trying to turn a quick profit is essential. Kiyosaki transparently accumulates top cryptocurrencies like Bitcoin, Ethereum (ETH), and Solana (SOL) with every dip opportunity — and preaches you should do the same.
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