Famous financial writer Robert Kiyosaki has tweeted about being bullish on Bitcoin. Kiyosaki, famous for his groundbreaking book Rich Dad Poor Dad, stated on the X platform (Twitter) that he plans to keep buying Bitcoin until it rises above $100,000.
He tweeted, “YAY: BITCOIN over $88,000. This is why I will continue to purchase Bitcoin until it reaches $100k. Then I will stop. A time not to be greedy,” he wrote. True to form, Kiyosaki also shared his signature financial wisdom with followers, “Never forget… hogs get fat… pigs get slaughtered. Don’t be a pig.”
Robert Kiyosaki’s Continued Support for Bitcoin
Aside from his Bitcoin price comments, Kiyosaki has repeatedly argued for the need for individuals, especially those in the Boomer generation, to look into alternative assets like Bitcoin and gold. Kiyosaki’s endorsement of digital assets has grown stronger as Bitcoin prices recently hit an all-time high at $88,677.
He also shared his investment strategy from earlier this year, with a 1-year goal of acquiring 100 Bitcoin, a target he’s committed to reaching regardless of price fluctuations. He believes these assets offer more stability and less financial uncertainty than conventional investments, particularly in tough economic times.
Kiyosaki’s warnings go beyond just retirement planning. He has also issued serious alerts about an imminent banking crisis. According to Kiyosaki, the banking system is on the brink of collapse, with economic instability threatening savings and investments.
This sense of urgency aligns with his past predictions of financial crises and his long-standing message advocating for financial independence from government-controlled currency.
Bitcoin’s Price Action
Bitcoin is currently trading at $88,677.57, up by over 28% this week, and positive trends continue in the crypto market while the crypto community celebrates. The global Bitcoin market cap has risen to $1.75 trillion, while Bitcoin’s 24-hour trading volume has increased by over 85%.
For years now, Kiyosaki has recommended building wealth through real commodities that protect against fiat currency fluctuations, such as gold, silver, and Bitcoin. He feels these tangible assets create a haven during economic downturns and argues that Bitcoin’s decentralized nature makes it an ideal hedge against inflation and traditional banking risks.
For those closely watching the cryptocurrency market, Kiyosaki’s predictions serve as both a warning and a call to action. His target of 100 Bitcoin demonstrates his confidence in the cryptocurrency’s long-term potential, but his warnings about an economic collapse reflect his broader focus on wealth preservation.