Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, shared his perspective on building wealth through assets like bitcoin, gold, and silver on social media platform X Friday. Rich Dad Poor Dad, a 1997 book co-authored by Kiyosaki and Sharon Lechter, has earned global acclaim, spending over six years on the New York Times Best Seller list, with over 32 million copies sold across 51 languages in more than 109 countries.
Kiyosaki noted that people often use excuses to avoid investing, which he categorizes as a “poor person” mindset. For example, he mentioned that when bitcoin is $76,000, people often say: “That’s too expensive. I’ll wait till the price goes down.” He explained that similar excuses arise when gold’s price is at $2,684 an ounce or silver at $32 an ounce.
Highlighting the importance of owning assets rather than waiting for price drops, Kiyosaki remarked:
Prices will come down … 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.
His approach suggests that waiting for ideal price points may hinder wealth-building. Instead, he advocates for steady accumulation of assets like bitcoin, gold, and silver, irrespective of market changes.
“I started buying silver at $1 an ounce. Now I have thousands of ounces. I keep buying at $32 an ounce. The same is true for gold and bitcoin. I bought my first bitcoin at $6,000, and I continue to acquire at $76,000,” the acclaimed author shared.
Reinforcing his message, he added: “Remember, while price per coin is important … ultimately it’s the number of coins, gold, silver, or bitcoin that are yours … That counts more importantly than the price per coin.” Advising investors to convert fiat currencies, which he dubs “fake money,” into “real money” assets like gold, silver, and bitcoin, he urged: “Keep trading fake money … for real money and you will get richer. Good luck.” He opined: “I wish I had bought bitcoin at $10 per coin … but I didn’t. I started buying at $6,000 and I am glad I did.”
The Rich Dad Poor Dad author further shared:
Today I own 73 whole bitcoins. A year from now I intend to own 100 bitcoin … regardless of price.
In addition to cryptocurrency, Kiyosaki revealed: “I own a lot of income-producing real estate, I own gold-producing mines, and I save my profits in bitcoin, gold, and silver coins … Real money.” He concluded: “I too wish bitcoin was back to $10 a coin … but ‘wishing’ has never made poor people richer.”
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