Renowned financial author Robert Kiyosaki shared his plans to increase his Bitcoin holdings when its price dips to $90,000. He attributes this to external economic factors and considers Bitcoin to be 'real money'.
Kiyosaki's Bitcoin Strategy
Kiyosaki views price drops as prime buying opportunities. He plans to buy more Bitcoin if the price crosses below $90,000. According to him, any drop in price is linked to broader economic trends rather than issues with Bitcoin itself.
Impact of U.S. Debt and Monetary Policy
In the context of rising U.S. debt and the Federal Reserve’s firm monetary stance, Kiyosaki believes that as the dollar’s purchasing power decreases, Bitcoin, with its capped supply, remains a strong store of value. Currently, Bitcoin is trading at $114,617, reinforcing its strong position.
Key Takeaways and Perspectives
Kiyosaki intends to buy more Bitcoin if it falls below $90,000, predicting it may eventually reach $200,000. He identifies the Federal Reserve’s policies as major influencers of Bitcoin’s price trajectory but also notes that technological innovations may mitigate volatility risks.
Kiyosaki’s strategy emphasizes his belief in Bitcoin’s lasting value amid economic uncertainty. He continues to seek opportunities to expand his holdings while understanding market volatility.
