Renowned investor and author Robert Kiyosaki has set a goal to acquire 100 Bitcoins by 2025, regardless of the cryptocurrency’s fluctuating price.
What Happened: In a post on X, Kiyosaki shared that he currently holds 73 Bitcoins and is steadily increasing his holdings. He has mentioned that he does not wait for a price drop to invest, a mindset he equates with “a poor person.”
He also said that his investment journey began with silver, which he started buying when it was priced at $1 per ounce. Despite the price hike to $32 per ounce, he continued to invest.
Don’t Miss:
- 1 in 4 Americans own a share of Bitcoin according to NASDAQ — this platform touts returns as high as 12.5% APY and is giving $100 in welcome rewards if you sign up today.
- Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their savings from inflation and economic turbulence.
He employs the same strategy with Bitcoin, having made his initial purchase when it was valued at $6,000. Even with Bitcoin’s current valuation hovering around $76,000, Kiyosaki remains steadfast.
His investment interests are not confined to Bitcoin. Kiyosaki also invests in gold, silver, income-generating real estate, and gold-producing mines. He advocates for a diversified portfolio as a means to grow wealth in various ways.
Although Kiyosaki regrets not investing in Bitcoin when it was merely $10 per coin, he underscores the significance of regular investment over time, rather than waiting for prices to drop.
His strategy is to accumulate as many assets as possible for the long haul, viewing this as the fundamental principle of wealth creation.
Trending: This well known prop trading firm is offering 100% of your first $25,000 profit per account and 90% after that. Here's how to get a special 50% OFF CODE that lets you start out with monthly investments as low as $147 today.
Why It Matters: Kiyosaki’s investment strategy highlights the importance of consistent investment and diversification. His approach of not waiting for price drops to invest, but rather focusing on long-term accumulation of assets, offers a different perspective on wealth creation.
This approach may inspire other investors to rethink their investment strategies, particularly in the volatile world of cryptocurrencies.
His unwavering commitment to his investment goals, despite market fluctuations, underscores the potential of long-term investment in wealth accumulation.
Read Next:
- If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today.
- Dogecoin millionaires are increasing – investors with $1M+ in DOGE revealed!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
