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| Published On Nov 11, 2024 7:08 am CET | By Ricky Grant

Robert Kiyosaki Urges Wealth-Building Through Assets Like Bitcoin, Gold, and Silver

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The well-known author of the seminal book Rich Dad Poor Dad, Robert Kiyosaki, recently shared his opinions on accumulating wealth through gold, silver, and bitcoin on the social media site X. Co-authored with Sharon Lechter, Rich Dad Poor Dad was published in 1997 and went on to become a worldwide bestseller, selling over 32 million copies and spending six years on the New York Times Best Seller list.

Investing Beyond Price Fluctuations

Kiyosaki emphasized that one of the biggest obstacles to wealth-building is a “poor person” mindset, which he describes as waiting for prices to drop before investing. Using bitcoin as an example, he explained that people often hesitate to buy when prices are high, saying, “That’s too expensive. I’ll wait till the price goes down.” He sees this hesitancy as a limiting attitude that prevents individuals from taking control of their financial futures. According to Kiyosaki, waiting for ideal price points often leads to missed opportunities.

“Prices will come down,” he acknowledged, “but prices alone do not make you rich. Ultimately what makes a rich person rich is how many coins or ounces a person has in their control.” Kiyosaki has invested steadily in bitcoin, gold, and silver, advocating for the accumulation of real assets over time rather than timing the market.

Kiyosaki urges investors to convert fiat currencies—what he calls “fake money”—into tangible assets. He advises, “Keep trading fake money … for real money and you will get richer.” Sharing his journey, he noted, “I started buying silver at $1 an ounce, now I have thousands of ounces.” He also shared his initial bitcoin purchase at $6,000, adding, “I continue to acquire at $76,000.” Currently, Kiyosaki holds 73 bitcoins, with plans to increase his holdings to 100, regardless of future price changes.

Apart from cryptocurrencies, Kiyosaki’s asset portfolio includes income-generating real estate and gold mines, with profits reinvested into “real money” assets like bitcoin, gold, and silver. He concluded, “I too wish bitcoin was back to $10 a coin … but ‘wishing’ has never made poor people richer.”

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Ricky Grant

Ricky is a bitcoin enthusiast and understands the significance of cryptocurrencies not just in the iGaming industry but in society. Ricky has a particular interest in the US Casino landscape, and anything related to this. His favorite casino table games are blackjack and baccarat.