Robert Kiyosaki, author of 'Rich Dad Poor Dad,' stated on June 20 that he evaluates the 'context' or environment of an asset rather than its price when deciding to buy Bitcoin, gold, silver, and Ethereum. The remarks came as Bitcoin and precious metals endure multi-week losses, sharpening debate over whether the current dip is a buying opportunity. Kiyosaki said he watches political and banking leaders to gauge the investment environment for hard assets and will buy when technical charts show prices reversing their decline.
Kiyosaki Prioritizes Asset Context Over Price
In a June 20 post on X, Kiyosaki said one of his recurring mistakes has been "letting price determine reasons to buy or sell any asset." He stated he has "learned to understand the 'context' or the environment the asset is in….not the price."
Kiyosaki gave the example of how he gauges real estate by job growth and a property's surroundings. For gold, silver, and Bitcoin, he watches "our political and banking leaders."
"Are they solving the problems of the US and world economy or making things worse? I think our global lesders are incompetent only making things worse," he added.
It's a framework he has long applied to Bitcoin, Ethereum, gold and silver, which he champions as protection against a debasing dollar.
Kiyosaki to Buy on Technical Chart Reversal
As the political environment becomes uncertain, Kiyosaki said he is tracking gold, silver, Bitcoin, and Ethereum on technical charts.
"So I am watching prices of gold, silver, Bitcoin, and [Ethereum] on technical charts and will buy when prices reverse their decline," he said.
Kiyosaki added that "the technical charts on gold and silver show they are poised for a massive rise in prices," while urging followers to run their own analysis.
"The smart will get richer,…the ignorant will do nothing…. Which might be the smart thing for them to do," Kiyosaki concluded.
Bitcoin and Precious Metals Price Data
As per Decibel, Bitcoin was flat at $64,147 at the time of writing, down 17.1% over the past month and more than 27% in the past six months.
Ethereum, on the other hand, was trading near $1,730. It was down about 18% over the past one month and about 42% in the past six months.
Gold traded at $4,155, off 6.93% over a month and down 4.69% across six months. Silver, meanwhile, was at $64.84, having dropped by over 13% in the past month and 3.41% in the past six months.
FAQ
What did Robert Kiyosaki say on June 20 about buying Bitcoin and gold?
Robert Kiyosaki stated on June 20 that he evaluates the "context" or environment of an asset rather than its price when deciding to buy Bitcoin, gold, silver, and Ethereum. He said he watches political and banking leaders to gauge the investment environment and will buy when technical charts show prices reversing their decline.
How much has Bitcoin declined over the past month?
Bitcoin was down 17.1% over the past month at the time of writing, trading at $64,147. It was down more than 27% in the past six months.
What were the prices of gold and silver at the time of writing?
Gold traded at $4,155, off 6.93% over a month and down 4.69% across six months. Silver was at $64.84, having dropped by over 13% in the past month and 3.41% in the past six months.
