Robert Kiyosaki, author of the personal-finance bestseller "Rich Dad Poor Dad" and a longtime Bitcoin (BTC) advocate, has spelled out what he sees as the right moment to buy hard assets. The
Robert Kiyosaki, author of the personal-finance bestseller "Rich Dad Poor Dad" and a longtime Bitcoin (BTC) advocate, has spelled out what he sees as the right moment to buy hard assets.
The remarks come as Bitcoin and precious metals both endure multi-week losses. This has sharpened the debate over whether the current dip is a buying opportunity or a warning sign.
Related: Rich Dad Poor Dad author predicts $1M Bitcoin, warns millions will be left poor
In a June 20 post on X, Kiyosaki said one of his recurring mistakes has been "letting price determine reasons to buy or sell any asset."
"I have learned to understand the “context” or the environment the asset is in….not the price."
Kiyosaki gave the example of how he gauges real estate by job growth and a property's surroundings.
For gold, silver, and Bitcoin, he watches "our political and banking leaders."
"Are they solving the problems of the US and world economy or making things worse? I think our global lesders are incompetent only making things worse," he added.
It's a framework he has long applied to Bitcoin, Ethereum (ETH), gold and silver, which he champions as protection against a debasing dollar.
As the political environment becomes uncertain, Kiyosaki said he is tracking gold, silver, Bitcoin, and Ethereum on technical charts.
"So I am watching prices of gold, silver, Bitcoin, and [Ethereum] on technical charts and will buy when prices reverse their decline," he said.
Kiyosaki added that "the technical charts on gold and silver show they are poised for a massive rise in prices," while urging followers to run their own analysis.
"The smart will get richer,…the ignorant will do nothing…. Which might be the smart thing for them to do," Kiyosaki concluded.
As per Decibel, Bitcoin was flat at $64,147 at the time of writing, down 17.1% over the past month and more than 27% in the past six months.
Ethereum, on the other hand, was trading near $1,730. It was down about 18% over the past one month and about 42% in the past six months.
ETH/USD via DecibelGold traded at $4,155, off 6.93% over a month and down 4.69% across six months. Silver, meanwhile, was at $64.84, having dropped by over 13% in the past month and 3.41% in the past six months.
Related: Rich Dad Poor Dad Author has a new favorite — and it’s not Bitcoin
