Three Reasons Robert Kiyosaki Continues to Purchase Bitcoin Amidst Widespread Investor Selling

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TLDR

  • Robert Kiyosaki purchased an additional Bitcoin for $67,000, viewing the price decline as a chance to buy.
  • He gave two justifications: anticipated money printing due to U.S. debt and Bitcoin’s nearing hard cap of 21 million coins.
  • Bitcoin’s price is approximately 46% below its peak of $126,080 but is currently around $68,000.
  • As a hedge against a weaker dollar, Kiyosaki also possesses Ethereum, gold, and silver.
  • He has earlier forecasts suggesting Bitcoin could hit $250,000 by 2026 and $1 million in the next ten years.

On Saturday, Robert Kiyosaki, the author of “Rich Dad Poor Dad,” revealed he acquired a full Bitcoin for $67,000. He proceeded with the transaction despite characterizing Bitcoin as being in a crash.

He explained his decision on the social media platform X, listing two primary motivations. Firstly, he is convinced that U.S. national debt will ultimately compel the Federal Reserve to engage in significant money creation. Secondly, he highlighted Bitcoin’s finite supply, which is closing in on its maximum of 21 million coins.

Kiyosaki wrote: “Although Bitcoin is crashing I bought one more whole Bitcoin for $67k. Because the Big Print will begin when the US debt crashes the dollar.”

He referred to the Federal Reserve as “The Marxist Fed” and labeled potential future currency issuance as “fake dollars.” This aligns with his persistent belief that conventional financial systems diminish actual wealth.

Bitcoin (BTC) Price

Bitcoin is presently valued near $68,000. This represents a decrease of about 46% from its record high of $126,080. Despite this, the overall cryptocurrency market capitalization continues to exceed $2 trillion.

U.S. Bitcoin-linked ETFs are still trading actively. Prominent financial firms continue their participation in the cryptocurrency space. Market analysts are not characterizing the present situation as a widespread panic sell-off.

The U.S. federal debt has now surpassed $34 trillion. With interest expenses increasing and budget deficits staying elevated, Kiyosaki contends that this trajectory has historically resulted in monetary inflation rather than fiscal restraint.

Why Bitcoin Over Gold?

Kiyosaki has been a long-term advocate for gold and silver. He considers Bitcoin to be a digital equivalent of these classic value stores.

The crucial distinction he emphasizes is supply. The supply of gold increases incrementally each year via mining operations. In contrast, Bitcoin’s supply is permanently limited to 21 million units by its underlying protocol.

Throughout the 2020 pandemic stimulus period, Bitcoin surged from under $4,000 to over $60,000 in less than a year. Conversely, when the Federal Reserve initiated a policy tightening cycle in 2022, Bitcoin’s value dropped significantly to around the mid-$10,000s.

Kiyosaki also maintains Ethereum holdings and states that his investment choices are not influenced by near-term price fluctuations. He integrates his cryptocurrency assets with physical gold and silver into a single, comprehensive strategy.

Kiyosaki’s Price Targets

He has previously stated that Bitcoin has the potential to achieve a price of $250,000 by 2026. He has also established price objectives of $27,000 for gold and $100 for silver.

His more extended forecast for Bitcoin is $1 million, projected over a period of several years to a decade. He associates this prediction with the ongoing devaluation of the U.S. dollar’s buying power.

In his Saturday post, he further asserted that Bitcoin will exceed gold in value once the 21 million coin limit is hit. The existing supply is near this cap, with the last coins projected to be mined around 2140 based on the current emission protocol.

Kiyosaki’s present Bitcoin portfolio consists of acquisitions made at various prices over the last few years.