Why Isn’t Robert Kiyosaki Buying the Dip in BTC, ETH, Gold, and Silver?

Current prices are not the most important thing when it comes to determining whether it’s the right time to acquire a certain asset, said the person behind one of the most popular investment books, Rich Dad, Poor Dad.

Kiyosaki further explained when he is prepared to start acquiring more BTC, $ETH, silver, and gold amid all assets’ recent declines.

When Will Kiyosaki Start Buying Again?

It has been a wild year for investors in all assets. Bitcoin’s price began the year with a surge toward $100,000, where it was stopped, and the subsequent months were quite painful. The correction culmination, at least for now, was in early June at $59,100. $ETH followed a similar path, dumping to $1,500 a few weeks back. Although both have recovered some ground since then, they are still deep in the red YTD.

Even the two largest precious metals, typically considered more stable and reliable, have bled out. Silver pumped above $120 at the start of the month, but now sits nearly 50% away from that peak. Gold rocketed to $5,600/oz, but its crash has been quite painful, ending the business week at under $4,160/oz (a 25% correction).

Robert Kiyosaki believes these dips are not the only factor that matters. In fact, he admitted that he has recently made this mistake of “letting price determine reasons to buy or sell any asset.” He has now learned to “understand the ‘context’ or the environment the asset is in… not the price.”

The author and investor explained that he has shifted his focus to the technical charts of the four assets mentioned above and “will buy when prices reverse their decline.” Moreover, he predicted that the two precious metals are “poised for a massive rise in prices.”

No Safe-Haven Status?

Being down YTD and since their respective peaks marked in January, both bitcoin and gold raised some analysts’ eyebrows regarding their safe-haven status. Market observer and commentator Charlie Bilello recently pointed out that this decline in both assets’ prices is quite hard to explain, especially since most major stocks are up by double digits.

You may also like:

• A $2.1B Crypto Expiring Event Is Happening Today – How Will Markets Move?
• Trump Says ‘You’re Welcome’ as Oil Is Flowing and Prices Are Dumping
• $400M Wiped Out in Hours as Bitcoin Crashes After FOMC and Warsh Speech

He believes a major part of this is due to rotation, as investors have turned their attention to the tech sector, mostly because of the AI boom. He added that capital has opted to move to assets with earnings momentum rather than staying on stores of value with negligible yield.