Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, continues to advocate for Bitcoin despite its record-breaking valuation of $107,000. In a recent statement, he labeled the cryptocurrency "priceless" and emphasized his ongoing commitment to purchasing more.
Why Kiyosaki Believes Bitcoin Is Priceless
Kiyosaki shared his journey with Bitcoin, admitting he initially hesitated due to a lack of understanding of modern monetary systems. His first purchase at $6,000 felt "expensive" at the time, but he now regrets not buying more.
"Today I wish I had bought more at $6,000."
Despite Bitcoin’s current all-time high, Kiyosaki remains bullish:
- Long-Term Vision: He predicts Bitcoin could reach $1 million per coin, making even small investments today valuable.
- Hedge Against Flaws: He views Bitcoin as a safeguard against a failing monetary system, urging others to accumulate it alongside gold and silver.
Bitcoin’s Market Performance
Bitcoin’s price surged to $108,358.70 amid global trade optimism, breaking out of its June trading range. Key factors driving the rally include:
- Canada’s withdrawal of a proposed digital services tax.
- Progress in U.S.-Japan and U.S.-UK trade agreements.
Kiyosaki’s Investment Philosophy
Kiyosaki consistently promotes hard assets over fiat currencies:
- Gold and Silver: He recently predicted a silver price explosion, calling it the "best asymmetric buy."
- Bitcoin: In May, he forecasted Bitcoin could hit $250,000 this year.
Warning Against Financial Crises
Kiyosaki warns of an impending "biggest crash in history," driven by AI-related job losses and inflation. He criticizes self-proclaimed financial prophets for echoing his warnings without credit.
"You bail yourself out by saving real gold, silver, and Bitcoin… No ETFs."
FAQs
1. Why does Kiyosaki call Bitcoin "priceless"?
He believes its potential to reach $1 million makes it invaluable, even at $107,000.
2. What’s Kiyosaki’s advice for new investors?
Start small—even one Satoshi could be worthwhile in five years.
3. What other assets does Kiyosaki recommend?
Gold, silver, and Bitcoin as hedges against economic instability.
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