- Kiyosaki advocates for consistent Bitcoin, gold, and silver accumulation, prioritizing tangible assets over timing market prices.
- His investment journey shows wealth-building success through consistent purchases, even as Bitcoin surged from $6K to $76K.
- Bitcoin’s bullish trend sees support at $70K with resistance at $77K; MACD and RSI indicate strong momentum but caution on pullbacks.
Robert Kiyosaki, author of Rich Dad Poor Dad, recently shared his perspective on wealth-building strategies in the face of high asset prices. According to Kiyosaki, financial growth relies less on waiting for favorable prices and more on accumulating real assets like Bitcoin, gold, and silver. By continually investing in these, regardless of market price, Kiyosaki emphasizes the long-term value of ownership over price fluctuations.
Accumulation Over Price Considerations
Kiyosaki explains that too often, potential investors hesitate due to high prices, hoping for a drop before making a purchase. He recalls starting his silver purchases when prices were just $1 an ounce, but he continues to buy today at $32 per ounce.
The same strategy applies to his Bitcoin investments, which began at $6,000 and have continued to today’s market price of $76,000. Kiyosaki stresses that the key to wealth isn’t buying at the lowest price but securing tangible assets in meaningful quantities, regardless of short-term price movements.
Bitcoin’s Current Market Indicators
At press time, Bitcoin was trading at $76,589, a robust bullish trend that saw the asset surpass the $70,000 mark. Recent market momentum has pushed Bitcoin close to $77,000, backed by increased buying volume, a signal of high investor confidence.
The Relative Strength Index (RSI) has risen above 70, entering overbought territory. Historically, this suggests possible pullbacks, though support near 63.69 on the 14-day RSI could provide stability in the event of minor corrections.
Technical Support and Resistance Levels
Bitcoin’s support is at around $70,000, a key psychological level, with immediate resistance at $77,000. If Bitcoin breaks through this resistance, analysts anticipate a potential run toward $80,000.
The Moving Average Convergence Divergence (MACD) also reflects positive momentum, with the MACD line significantly above the signal line, underscoring current bullish sentiment.
Kiyosaki’s Strategy in Bitcoin and Gold
Kiyosaki’s view highlights the importance of accumulating “real money” assets like Bitcoin, gold, and silver, illustrating his approach through both his real estate profits and extensive Bitcoin holdings.
Despite wishing he’d started buying Bitcoin earlier, his consistent strategy underlines the value he places on accumulating tangible assets for long-term wealth, regardless of daily price shifts.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.