Rich Dad Poor Dad author Robert Kiyosaki has once again weighed in on bitcoin, revealing the price point at which he plans to buy more and the level where he will stop. His book has remained a top financial guide worldwide for over two decades, translated into dozens of languages and helping millions rethink money and investing.
When bitcoin traded above $117,000 earlier this week, the well-known author posted on social media platform X:
Bitcoin over $117K a coin. Going to buy one more bitcoin asap. It’s never been easier to become rich… even a millionaire. Please study, learn, and find out if bitcoin is your path to becoming a millionaire.
Soon after, bitcoin crossed $120,000, hitting an all-time high. At that point, Kiyosaki announced on X that he would pause any further BTC purchases. While congratulating current holders, he addressed those who missed the opportunity: “Great news for those who already have some bitcoin. Bad news for who… for whatever reason… never ‘pulled the trigger.’ They own nothing.”
He explained the reason behind his decision to stop buying BTC:
Bitcoin over $120K … I am buying one more coin… I will not buy any more… until I know where the economy is going. As tempting as bitcoin going to $200K to $1 million is… I do not want to be a hog and get slaughtered.
Kiyosaki, who frequently warns investors about the dangers of greed, reiterated that overexposure can be just as risky as hesitation. He repeated his usual phrase, “pigs get fat, hogs get slaughtered,” and explained that he is waiting for a sharp downturn before buying again. “After the hogs stop squealing and selling and blaming bitcoin for their losses, my fellow pigs and I will buy more bitcoin on sale,” he recently said. As of this writing, bitcoin is trading at $117,875.
The acclaimed author still forecasts that bitcoin will reach $1 million. He advises those new to the crypto asset to begin slowly: “If you have not begun acquiring bitcoin… I suggest starting very small… starting with a satoshi.” He also cited Warren Buffett’s $350 billion in cash reserves, suggesting that the legendary investor may also be waiting for distressed opportunities: “I suspect he is waiting for the world to crash… Then he will move back in and buy the best assets with cash.” Despite near-term caution, Kiyosaki affirmed his commitment: “I love my bitcoins… all of them.”
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