Robert Kiyosaki: Rich Dad Poor Dad Author Robert Kiyosaki Remains Bullish Despite Bitcoin Crash Reveals Secret Mantra to Get Rich
Robert Kiyosaki Bitcoin: The cryptocurrency market has witnessed a significant downturn recently. On Monday, Bitcoin’s price plummeted below $90,000. This marks the steepest monthly decline since mid-2021. While investors worldwide are retreating from digital assets and stock markets to avoid risk, Robert Kiyosaki, the renowned author of ‘Rich Dad Poor Dad,’ has taken a completely different stance. Despite the bearish market conditions, he remains fully confident in Bitcoin.
Bitcoin’s Fall and Robert Kiyosaki’s Message
In November alone, Bitcoin shed more than $18,000, representing the largest monthly dollar loss since 2021. While ordinary investors are panicked by this situation, Robert Kiyosaki took to the social media platform ‘X’ (formerly Twitter) to share his investment philosophy. He stated that he practices what he preaches.
Kiyosaki revealed that he has been saving silver since 1965, gold since 1972, Bitcoin since 2019, and Ethereum since 2023. He shared a fascinating anecdote: he recently purchased a home worth $4.5 million using gold he had bought in 2000. Surprisingly, the cost of acquiring that gold back then was only $450,000.
How Much Has the Value of Money Depreciated?
In his post, Kiyosaki presented a stark picture of inflation and the eroding purchasing power of the dollar. He illustrated how the value or purchasing power of $100 has diminished over the last century. The data provided by him is presented in the table below:
| Year | Purchasing Power of $100 |
|---|---|
| 1900 | Could buy 8 months of groceries |
| 1960 | Value dropped to $37 |
| 2000 | Value dropped to $6 |
| 2025 (Projected) | Value will drop to $3.80 |
Don’t Be a ‘Loser’: Kiyosaki’s Advice
With the global economy on the brink of a crash, Kiyosaki shared his ‘Money Tip #2’ on how to emerge as a winner. His advice is straightforward: “Stop Being a Loser.”
He explained that those who cling to old ideas and follow the outdated financial principles taught by their parents are the ones who eventually lose. In his famous book ‘Rich Dad Poor Dad,’ published in 1996, he warned that “Savers are losers.” Even in this crashing economy, those who hold onto old financial mindsets will struggle significantly. According to him, old ideas are now very expensive, and it is time to think differently.
Disclaimer: This article is for informational purposes only. Please consult a registered financial advisor before making any financial investments. Investments in cryptocurrency or stock markets are subject to market risks.
