Robert Kiyosaki, author of 'Rich Dad Poor Dad', recently confirmed purchasing more Bitcoin after the price surpassed $117,000. Although he had previously shared he would wait for the price to drop before buying, he still maintains that Bitcoin could reach $1 million and asserts that this remains a clear path to building wealth.
Robert Kiyosaki continues to buy Bitcoin after BTC hits a new peak
In a notable development, Robert Kiyosaki confirmed that he has bought more Bitcoin.
The famous author of 'Rich Dad Poor Dad' shared this information on July 11, right after Bitcoin first surpassed the $117,000 mark that week.
BTC then continued to set a new all-time high at $118,667 before a slight correction. In response to this surge, Kiyosaki stated he would “buy another Bitcoin as soon as possible.”
He also emphasized that 'it has never been easier to become wealthy' and called Bitcoin a tool that helps people achieve millionaire status.
His statements were published on his verified official social media account. Kiyosaki urges followers to research and learn about Bitcoin.
While he did not set a specific short-term price target, he has stated that Bitcoin could reach $1 million in the future.
Kiyosaki has been talking about Bitcoin for many years. Previously, he admitted to joining quite late because he did not fully understand how modern currency works. However, he now sees Bitcoin as a long-term asset worth holding. Kiyosaki also frequently warns about inflation and the risks of holding cash.
The timing of his additional Bitcoin purchases is also quite notable. Just two weeks prior, Kiyosaki had stated he would wait for the price of BTC to decrease before buying more.
But that correction did not happen, and the price continued to soar. Nevertheless, he still decided to buy more, despite the significant price increase.
Analysts set Bitcoin's price target at $135,000 and even higher
It should be noted that Robert Kiyosaki's move to buy more Bitcoin comes amid a strong upward trend for BTC. Previously, Bitcoin's price had been trading in a narrow range for several weeks before breaking out at the beginning of July. Some analysts indicate that the next price level to watch is $135,000.
Katie Stockton from Fairlead Strategies commented that Bitcoin has surpassed important technical levels. If the momentum is maintained, BTC could continue to rise in the coming weeks.
The author of 'Rich Dad Poor Dad' has previously mentioned higher price targets. Earlier this year, Kiyosaki predicted that the price of Bitcoin could reach $250,000 by 2025. In another post, he even mentioned the $1 million mark, although he did not specify when it might be achieved.
Kiyosaki is not the only one making bold predictions. Notable Bitcoin supporter Samson Mow recently claimed that Bitcoin will “add a zero,” implying that BTC could increase tenfold from its current price.
Pete Rizzo, a prominent figure in the Bitcoin community, also recalled that investor Tuur Demeester had predicted a price of $500,000 since 2012 when Bitcoin was only $100.
These views continue to drive renewed interest in Bitcoin, especially in the context of concerns about inflation returning and central banks facing pressure over interest rates.
Robert Kiyosaki and the change in tone provokes mixed reactions
Robert Kiyosaki's posts often receive strong reactions. Some people believe his messages are sometimes inconsistent.
At the end of June, he had stated he would wait for the price to drop before buying more Bitcoin. However, less than two weeks later, he bought more at a higher price.
Nevertheless, Kiyosaki's core message remains unchanged: He emphasizes that investors and the public should hold assets independent of fiat.
Kiyosaki frequently mentions gold, silver, and Bitcoin as his favorite assets. Among them, he believes Bitcoin has the most outstanding growth potential.
At the time of writing, the price of BTC has just established a new all-time high of $119,464 this morning. Whether Bitcoin will reach the $135,000 mark or further is still uncertain.
However, Robert Kiyosaki seems to still believe that buying more right now is a reasonable decision, regardless of the current price.