Bitcoin
Bitcoin is trading close to $66,000. This is about 47% below its all-time high of $126,080. The cryptocurrency market has seen sharp swings in recent weeks. However, the total crypto market value is still above $2 trillion. Despite the fall in price,
Rich Dad Poor Dad author, Robert Kiyosaki said he bought one more Bitcoin for $67,000. He shared this update on social media platform X. He described the market to be "crashing" but said he sees it as a buying opportunity.
Kiyosaki's say
Kiyosaki has often spoken about rising debt in the US. Federal debt has crossed $34 trillion. He believes this level of debt may push the Federal Reserve to print more money in the future. According to him, printing more money reduces the value of the dollar. This can lead to inflation and lower purchasing power. He says assets with limited supply are safer during such times. That is why he supports Bitcoin along with gold and silver.
Bitcoin vs gold
For many years, Kiyosaki recommended investing in gold and silver. Now he calls Bitcoin “digital gold.” He says the main difference is supply. Gold supply increases slowly through mining. Bitcoin, on the other hand, has a fixed limit of 21 million coins written into its code. Kiyosaki believes that once all 21 million Bitcoins are mined, the asset could become even more valuable. He has earlier predicted that Bitcoin could reach $250,000 by 2026. He has also said that it could touch $1 million over a longer period.
Past leading future
Bitcoin prices have moved up and down in the past. During the 2020 stimulus period, prices rose sharply. In 2022, when monetary policy tightened, prices fell. Kiyosaki says he does not focus on short-term price changes and rather looks at long-term economic trends.
