FameEX Hot Topics | Robert Kiyosaki Bought 60 Bitcoins at $6K, Now Purchases BTC Monthly

Robert Kiyosaki, the acclaimed author of “Rich Dad Poor Dad,” has revealed his ongoing commitment to investing in Bitcoin. He disclosed that he initially purchased 60 bitcoins at $6,000 each and continues to buy more every month. Kiyosaki views bitcoin as “rules-based money,” which he believes increases wealth, contrasting it with government fiat money, which he describes as “debt-based” and diminishing wealth.

Kiyosaki, co-author of the 1997 bestseller “Rich Dad Poor Dad” with Sharon Lechter, has seen his book remain on the New York Times Best Seller List for over six years, selling more than 32 million copies in 51 languages across 109 countries. On Tuesday, he discussed the concept of the “Banana Zone” on the social media platform X. This term, coined by former Goldman Sachs executive Raoul Pal, refers to a phase where bitcoin’s value skyrockets, prompting reactions such as “I should have bought some” or “I should have bought more.”

Kiyosaki trusts Pal’s insights due to his professional experience at Goldman Sachs and a personal recommendation years ago to invest in bitcoin. “Because of his encouragement, I bought 30 bitcoin at $6,000. Today those same bitcoin are priced at around $60,000 ... and I have continued to buy bitcoin ... more every month,” Kiyosaki noted.

He elaborated on his views, stating: “Bitcoin is ‘rules-based money.’ Government’s fake fiat money is ‘debt-based’ money.” Kiyosaki emphasized that “rules-based money” enhances wealth, whereas “debt-based” fiat money depletes it. He urged people to “hang on tight as bitcoin lifts off into the ‘Banana Zone.’”

Kiyosaki's commitment to bitcoin is driven by his belief in its value as a stable and rules-based asset, contrasting sharply with the volatility and perceived unreliability of government-issued fiat currencies. His regular investments in bitcoin underscore his confidence in its long-term potential to increase wealth, aligning with his broader financial philosophy of seeking stable and reliable investments. As bitcoin continues to gain traction and recognition, Kiyosaki’s advocacy for it highlights its potential as a significant player in the future of finance.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.