The author of “Rich Dad Poor Dad” now discusses Bitcoin (BTC) and Ethereum after he spent multiple days praising silver. His latest comments underline a belief he has repeated for years. Assets which endure through historical events should be maintained during market fluctuations.
Kiyosaki says he does not care whether bitcoin goes up or down. He continues to buy. To him, short-term price swings are noise. The essential aspect of BTC exists within its function in a world which faces debt problems and inflation and growing distrust of fiat currencies. He has long predicted that BTC could reach $1 million in the coming years. His belief remains unchanged.
His growing interest in Ethereum follows the same logic. He presents his argument about both assets from his belief that they exist outside the normal financial system. Their value increases during times of uncertainty which is caused by their ability to operate outside traditional financial systems.
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Kiyosaki often calls Bitcoin “digital gold.” The comparison is deliberate. Gold has survived thousands of years as money and a store of value. BTC, in his view, is following the same path in digital form.
He believes BTC rewards patience, not timing. The most important factor for investors is to buy stocks when there is market fear instead of following stock price increases. He prefers to avoid daily chart analysis because it does not match his thinking. Investors who hold assets for extended periods view market fluctuations as an essential part of their investment strategy.
Kiyosaki believes in bitcoin because its supply remains unchanged throughout time. He argues that true money gains its power through limited availability. People can create unlimited amounts of fiat money. People cannot create additional BTC, which results in its permanent supply limit.
Kiyosaki marked the increase in silver value which occurred on Monday of this week. He demonstrated how silver prices grew from $5 per ounce during 1990 to more than $96. He described it as the future economy’s essential metal which modern technology requires.
His primary business plan depends on BTC despite his recognition of silver and gold value. He describes gold as “God’s money.” Silver serves both as currency and industrial material. Bitcoin serves him as the connector which links the traditional system with the contemporary system.
Kiyosaki defines diversification as an ownership practice which requires the acquisition of all available assets. Investors should acquire complete market ownership. BTC functions as a companion asset to gold and silver because all three assets serve as an investment against the risks of an unstable financial system.
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