The Economist at the Center of Criticism Speaks: “I’ll Buy Bitcoin Even If the Price Drops to $6,000”

Robert Kiyosaki, author of the book Rich Dad Poor Dad, responded to criticism directed at him on the social media platform X.

Kiyosaki clarified the controversy surrounding his previous statement, which was interpreted as, “I stopped adding positions when silver was around $60, Bitcoin around $6,000, and gold around $300.”

Within the community, some users questioned Kiyosaki’s timing of Bitcoin purchases, pointing to statements indicating he had bought as early as around $90,000 and criticizing the accuracy of his claims about most recent purchases at the $6,000 level. In his statement, Kiyosaki acknowledged buying Bitcoin at approximately $6,000 but stated he wasn’t focusing on the exact date. He argued that the criticism largely concentrated on the timing of the purchases, asserting that his investment approach prioritized price range and long-term value.

Kiyosaki stated that he would continue buying Bitcoin even if the price were to fall back to the $6,000 level in the future. He noted that he prioritizes asset allocation over timing in his investment decisions, focusing on the amount of Bitcoin, gold, silver, and Ethereum in his portfolio; the timing of purchases is secondary.

*This is not investment advice.