The dazzling performance of Bitcoin, gold and silver
Robert Kiyosaki, a well-known investor and author of the best-selling financial book "Rich Dad Poor Dad," often expresses his views on the financial market on social platform X. He has always been hostile to fiat currencies, calling them "fake money" and has repeatedly warned that the stock market and the overall economic system are about to face a major collapse. However, Kiyosaki sees recessions as opportunities to invest in high-quality assets that become relatively cheap in a bear market.
In recent years, Kiyosaki’s name has been increasingly associated with Bitcoin, gold and silver. These assets performed particularly well in the first half of 2024. Until the end of the manuscript
Bitcoin is up 37.2% since the start of the year and currently trades at $57,952;
Source: TradingView Bitcoin Price Chart
Gold prices hit an all-time high, up 16.98% year-to-date, currently trading at $2,411 an ounce;
Source: TradingView Gold Price Chart
Silver, on the other hand, gained 29.33% to hit $30.782 per ounce.
Source: TradingView Silver Price Chart
Assuming Kiyosaki's portfolio is evenly split between these three assets, his return on investment would be 27.58% in the first half of 2024. This performance has made him an important mover in the Bitcoin and precious metals markets.
Other investments: real estate and Wagyu beef
In addition to Bitcoin and precious metals, Kiyosaki is also a well-known real estate investor and also invests in the famous Wagyu market. Although these two assets are not as easy to quantify as Bitcoin and precious metals, based on current market conditions, these investments are also extremely profitable for him.
The real estate market has always been Kiyosaki's investment focus, and he has increased his wealth by purchasing and managing real estate. With the real estate market currently recovering, the value of his investment has also increased. Additionally, the Wagyu beef market is expected to grow to approximately $3.67 billion over the next four years, making it a potentially high-yield market for Kiyosaki.
Rich dad’s wealth continues to grow
Kiyosaki has long promoted Bitcoin, gold, and silver as safe-haven assets and portfolio diversification options, and his investment strategy has achieved significant success in the first half of 2024. The strong performance of Bitcoin, gold and silver allowed him to return an astonishing 27.58% on his investment.
Despite the challenges faced by fiat currencies and the economic system, Kiyosaki's investment strategy shows that in an uncertain market environment, choosing high-quality safe-haven assets is still an effective way to achieve wealth growth. By diversifying his investment portfolio, Kiyosaki not only achieved generous returns in the Bitcoin and precious metal markets, but also continued to add value in the real estate and Wagyu markets.
In summary, Robert Kiyosaki's investment strategy achieved significant success in the first half of 2024.
