Recent movements in the cryptocurrency market—from the November and early December rallies to the latest downturn—have left many investors wondering if it’s too late to buy Bitcoin (BTC). In the midst of this uncertainty, Robert Kiyosaki, the influential author of the best-selling book Rich Dad Poor Dad, shared an encouraging message on his X platform.
Kiyosaki presented a playful mock conversation, stating emphatically that it is never “too late” to invest in BTC, emphasizing that the coin “is designed to make everyone rich.” He reassured potential investors that this principle applies just as much to newcomers as it does to long-time holders.
With turbulence impacting the market—$310 billion exiting the total market cap and significant losses across various coins—it’s understandable to feel hesitant. Nonetheless, Kiyosaki believes that the inherent structure of Bitcoin means opportunities abound for latecomers as well. His no-nonsense advice is straightforward: Just don’t “get greedy.”
The question arises: Is following Kiyosaki’s guidance a wise choice for investors? Looking at those who have followed his investment strategies—primarily revolving around Bitcoin, gold, and silver—the evidence suggests that his approach has had its rewards. Investors who jumped into Bitcoin prior to mid-November are likely seeing substantial returns, even amidst current market corrections.
A broader context complicates Kiyosaki’s assertions. Those who bought into Bitcoin based on his earlier recommendations during the 2021 peak may have faced severe financial strain when the crypto winter hit. His advice seems particularly aimed at investors with solid financial stability and a willingness to take considerable risks. Kiyosaki frequently touts economic downturns as the best times for buying, which raises eyebrows given that many people struggle financially during these periods.
Kiyosaki’s own investment strategies also invite scrutiny. He openly shares that a significant part of his portfolio relies on debt, even revealing he is over $1 billion in debt. This raises questions about the credibility of his investment advice, especially when he suggested that people sell their homes to invest in Bitcoin, while reportedly owning thousands of properties himself.
So, can investing in Bitcoin this December really lead to wealth? Only time will reveal the outcome of Kiyosaki’s recent proclamations. Although the current market decline doesn’t negate the optimistic forecasts, such as Wall Street analyst Tom Lee’s projection of Bitcoin reaching $250,000 by 2025, the ongoing hesitance signifies that caution remains wise. Furthermore, recent plummets in digital asset prices following the Federal Reserve’s announcements challenge the perceived security of using these assets as a guard against economic turbulence.
In essence, Kiyosaki consistently argues that investing in Bitcoin, along with gold and silver, may protect investors from the significant crash he often warns about. To sum it up, while Kiyosaki’s insights carry weight, it’s crucial to balance them with individual risk assessments and the unpredictable nature of the market.
