Financial educator and author Robert Kiyosaki has expressed his growing frustration with people’s reluctance to invest in Bitcoin (BTC).
Known for his best-selling personal finance book “Rich Dad, Poor Dad,” Kiyosaki is among the emerging vocal advocates for Bitcoin as a hedge against economic instability and traditional fiat currencies.
In an X post on June 15, Kiyosaki highlighted what he termed as excuses he often hears from individuals hesitant to invest in Bitcoin, with the most common being that the maiden cryptocurrency is too expensive.
I become frustrated encouraging people to buy Bitcoin. I receive so many lame excuses…. the most common excuse…. “Bitcoin is too expensive.” And it is high… yet not as high as it’s going to go. I simply repeat my rich dad’s lesson on investing…. “ Your profit is made when you…
— Robert Kiyosaki (@theRealKiyosaki) June 15, 2024
Notably, the investor acknowledged that Bitcoin is high but insisted that it is not as high as it will go. Kiyosaki reiterated his Rich Dad’s lesson on investing, emphasizing that profit is made when you buy, not sell. According to Kiyosaki:
“I become frustrated encouraging people to buy Bitcoin. I receive so many lame excuses…. the most common excuse…. “Bitcoin is too expensive.” And it is high… yet not as high as it’s going to go. I simply repeat my rich dad’s lesson on investing…. “ Your profit is made when you buy…. Not when you sell.”
Bitcoin’s Potential For Growth
The financial guru emphasized that while Bitcoin’s current price might seem daunting, it still holds significant potential for future growth. He urged his followers not to be deterred by its current valuation, suggesting that the real opportunity lies in making a strategic purchase at any price point.
“We all wish we had bought Bitcoin when it was $10….but those days are long gone. Don’t be a loser, buy a little, what you can afford and keep buying,” he added.
Overall, Kiyosaki’s frustration stems from a common belief among prospective investors that Bitcoin’s price has already peaked.
Indeed, Kiyosaki is among those who believe Bitcoin is likely to skyrocket in the coming months. As reported by Finbold in early June, the author projected that the cryptocurrency would likely trade at $350,000 by August 25 this year.
Kiyosaki’s Portfolio
Besides Bitcoin, Kiyosaki has revealed interest in other cryptocurrencies, such as Ethereum (ETH) and Solana (SOL), which he believes will likely soar to new highs.
At the same time, with the author projecting a potential collapse of the traditional finance sector, he has advised investors to venture into precious metals, such as gold and silver, to protect their wealth.
Kiyosaki views these assets as protection against runaway inflation, mounting debt, and potential market instability.
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