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Robert Kiyosaki Says Focus on How Much Bitcoin You Own, Not the Price
Renowned author and entrepreneur, Robert Kiyosaki, has once again shared his thoughts on money, wealth, and investing in assets such as gold, silver, and Bitcoin. In a recent post, he emphasized that instead of fixating on the price of these assets, individuals should focus on how much they own.
According to Kiyosaki, poor and middle-class people tend to obsess over the prices of things. They worry excessively about whether an asset is too expensive or if its value might drop. However, wealthy individuals think differently. Rather than monitoring price charts, they prioritize building a substantial quantity of valuable assets.
He exemplifies this philosophy by mentioning that he started buying Bitcoin when it was around $6,000 and accumulated as much as he could. In hindsight, he regrets not having more funds to purchase even more. Furthermore, Kiyosaki warns that the US economy is weak and potentially on the brink of collapse due to excessive debt and what he terms “fake money.” To safeguard their wealth, he advises individuals to distrust the system and instead invest in Bitcoin, gold, and silver, rather than cash or government bonds.
Kiyosaki remains resolutely optimistic about Bitcoin’s potential, predicting that it could reach $1 million by 2030. His key takeaway is that those who own the most Bitcoin will reap the greatest benefits in the long run, regardless of the current price. Therefore, he urges investors to concentrate on increasing their holdings rather than waiting for a perfect entry point.
Cathie Wood, CEO of ARK Invest, has echoed similar sentiments by forecasting that Bitcoin could reach $1.5 million by 2030 in her firm’s most optimistic scenario. She attributes this potential growth to an expected surge in institutional investment driving annual growth rates of approximately 58%.
Source: coinpedia.org
