The price of Bitcoin surged to $76,461.05, up nearly 10% this week, causing Robert Kiyosaki to double down on his belief in digital assets like Bitcoin, along with gold and silver, as true stores of value.
He urges investors to focus on trading their 'fake money' (US dollars) for these 'real money' assets, regardless of price fluctuations. Kiyosaki observes that many people hesitate to invest when prices rise, hoping for prices to drop, but that may never happen.
Why real assets are more important than fiat currency
Kiyosaki revealed that he started buying silver when the price was $1 an ounce, purchasing thousands of ounces over time and continuing this habit even when the price of silver rose to $32 an ounce.
Similarly, he started investing in Bitcoin at $6,000 and continued to accumulate more. He currently holds 73 Bitcoin and plans to own 100 Bitcoin in the coming year, regardless of price.
Sumit Kapoor, founder of WiseAdviceSumit, commented on Kiyosaki's approach, emphasizing that early adopters and long-term holders of Bitcoin are likely to benefit the most from the rising value of this currency.
Kiyosaki describes three types of investors:
Those short-selling Bitcoin and holding US dollars, which he sees as a poor strategy
Those who invest long-term in Bitcoin;
People like him, short-selling USD and buying into Bitcoin.
Market performance of Bitcoin
The recent surge in Bitcoin came with a market capitalization increase to $1.51 trillion, although trading volume dropped by 13.93% in the past 24 hours.
The price of this asset fluctuated, dropping below $70,000 before rebounding strongly on November 6, pushing the price above $75,000 and reaching the current price of $76,591.
DYOR!#Write2Win #Write&Earn #Write2Learn $BTC
