Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Robert Kiyosaki plans to own 100 BTC regardless of price

Source Cryptopolitan

Robert Kiyosaki’s goal is to own 100 Bitcoin by 2025. He currently has 73 and keeps buying more and he has made a tweet claiming he is not waiting for prices to drop like “a poor person” who waits for things to get cheaper. He believes real wealth comes from investing consistently over time.

Kiyosaki started his investment journey with silver. When he first started buying silver, it cost only $1 per ounce. Over the years, the price of silver has pumped up, and now it’s worth $32 per ounce. He never stopped when it started increasing, he continued to buy silver. This is the key lesson he wants people to understand: don’t wait for prices to drop. Instead, keep buying and gradually accumulating more over time, no matter whatever the price is.

Kiyosaki’s Bitcoin Plan

This same works with Bitcoin too. He bought his first Bitcoin when it was at $6,000 per coin. Now, Bitcoin is worth around $76,000 per coin, but Kiyosaki hasn’t stopped buying. His plan is to keep buying more Bitcoin and to own 100 Bitcoin by 2025, no matter what the price is. For him, it’s not about getting Bitcoin at a cheap price, but about how many bitcoins he could own.

Kiyosaki’s approach to investing just doesn’t apply to Bitcoin. He also invests in gold and silver, which he considers real money. In addition, Kiyosaki has built a solid investment portfolio that includes income producing real estate and gold producing mines. By having a mixture of assets, he’s able to grow his wealth in different ways.

Kiyosaki’s Approach to Wealth

Kiyosaki agreed that he wishes he had bought Bitcoin when it was only $10 per coin. But instead of focusing on what could have been done, he stressed that waiting for lower prices doesn’t make anyone richer. He started buying Bitcoin at $6,000 per coin, and he’s glad that he did. According to him whether it’s Bitcoin, gold, silver, or real estate, the key to building wealth is to own as many of these assets as possible, for the longer term.

As Kiyosaki said, the key to financial success is not to wait for prices to drop but to consistently invest and build the holdings over time.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

Sep 17, Thu

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Gold rebounds to near $4,350 on weaker US Dollar, falling oil prices Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

Author FXStreet

Sep 18, Fri

Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

US to delay new "overcapacity" tariffs on China — what the pause means for trade, inflation and the dollar Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Author Mitrade

Sep 18, Fri

Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Bitcoin squeezes back above $80,000 — 110,000 traders liquidated as the hawkish Fed and CLARITY setback fail to hold it down; is $83,000 next?Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Author Suzie

4 hours ago

Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Popular Symbols