Robert Kiyosaki, author of 'Rich Dad Poor Dad,' shared his insights on Bitcoin investments using interesting metaphors.
Pig Metaphor and Risky Investments
Kiyosaki dubbed himself a 'fat pig' sitting on a sufficient amount of Bitcoin. Using this metaphor, he distinguishes between disciplined investors who gradually increase their positions and take reasonable profits, and 'hogs' who take excessive risks and usually end up facing losses.
Purchase of Bitcoin at $110,000
Kiyosaki revealed that he bought his latest Bitcoin at $110,000. Following this purchase, he stated he is now in what crypto investor Raoul Pal calls the 'banana zone.' This phase is characterized by rapid price acceleration of cryptocurrencies due to increasing demand and liquidity.
Kiyosaki's Predictions about Bitcoin's Price
Earlier, Kiyosaki predicted that Bitcoin's price could reach $250,000 by 2025. Investor Tim Draper shares a similar view. Today, Bitcoin reached a new record high of $118,667, with its current price at $117,988 according to CoinGecko.
Despite the rising prices, Kiyosaki remains optimistic about Bitcoin's potential, waiting for a market correction before making his next purchase. These metaphors and predictions highlight his strategic approach to cryptocurrency investments.
