Robert Kiyosaki Ignores BTC and ETH Prices

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He also explained why he believes silver is ‘superior.’

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Summarize with AI

Two months after indicating that he had cashed out his BTC holdings to venture into other investments, the New York Best-Seller author said on X that he will continue to buy bitcoin, ether, gold, and silver.

Moreover, he noted that he doesn’t care about the assets’ price moves and explained why.

Price Moves Don’t Bother Kiyosaki

On a self-asked question whether the investor and author cares when BTC, gold, and silver go up and down, he explicitly said “No, I don’t care.” This is because there are larger issues at hand, such as the quickly growing national debt of the US. Additionally, the purchasing power of the world’s reserve currency, the US dollar, continues to decline, he added. Bloomberg reported yesterday that the greenback registered its worst trading week against other fiat currencies since June last year.

Kiyosaki also asked why investors should be focused on the price of the four aforementioned assets when the “world has incompetent, highly educated PhDs controlling the Fed, the Treasury, and [the] US Government.”

Instead, his investment strategy is to just “keep buying more gold, silver, Bitcoin, and Ethereum and get richer.”

Interestingly, his statement now comes just a couple of months after he said he had disposed of his BTC stash (worth over $2 million at the time) to purchase two surgery centers and invest in a billboard business. Nevertheless, he added that he will continue buying BTC with the proceeds of those cash-flow businesses.

Silver Dominates

The author of the Rich Dad, Poor Dad best-seller has been a long-time proponent of silver as well, even in times when it seemed the metal was stuck without any big moves. In the past several months, though, it has become a top gainer, surging by triple digits to another all-time high of over $100 as of January 23.