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“I Regret Not Buying More”, Says Robert Kiyosaki
Renowned author and investor Robert Kiyosaki recently shared a candid reflection on his Bitcoin price journey, emphasizing the importance of long-term thinking in the world of cryptocurrency. In a recent post, he expressed regret for not buying more during previous price points.
Initially, Kiyosaki was hesitant to invest in Bitcoin, waiting until it reached $6,000 before making his first purchase. At the time, he considered the price expensive, but now he wishes he had bought more at that level. The author of Rich Dad Poor Dad attributes his hesitation to being too focused on fiat money, which he describes as “fake money”.
Kiyosaki’s regret is not limited to just Bitcoin. He also expressed remorse for not buying more gold and silver earlier, citing the same inability to think beyond traditional currencies.
As Bitcoin’s price continues to fluctuate, Kiyosaki emphasizes the importance of ignoring short-term market volatility. Instead, he advises focusing on accumulating assets over time, rather than trying to time the perfect entry point.
This approach is reflected in his own investment strategy, as he has continued to buy more Bitcoin despite its current price of $107,000. In fact, he believes that even small investors can participate by buying as little as one Satoshi (the smallest unit of Bitcoin).
Kiyosaki’s views are supported by a recent MIT study, which found that incorporating crypto assets into a portfolio could reduce long-term risk by up to 15%.
Source: coinpedia.org
