Bitcoin News and Finance Robert Kiyosaki Shares His Investment Strategy — Says He’s Not Trying to Be Warren Buffett Skip to main content

Robert Kiyosaki Shares His Investment Strategy — Says He’s Not Trying to Be Warren Buffett

Robert Kiyosaki Shares His Investment Strategy — Says He's Not Trying to Be Warren Buffett

Rich Dad Poor Dad author Robert Kiyosaki has revealed his investment strategy, emphasizing its divergence from the investment approach adopted by Berkshire Hathaway CEO Warren Buffett. “I am an average investor ‘accumulating’ the asset I want for the long term. I have been accumulating gold, silver, bitcoin, and real estate for years,” the famous author detailed.

Robert Kiyosaki Differentiates His Investment Strategy From Warren Buffett’s

The author of Rich Dad Poor Dad, Robert Kiyosaki, has outlined his investment strategy, underscoring its divergence from the approach adopted by investing legend Warren Buffett. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki wrote on social media platform X Sunday:

Rather than pretend to be Warren Buffett picking bottoms I am an average investor ‘accumulating’ the asset I want for the long term. I have been accumulating gold, silver, bitcoin, and real estate for years.

“My first gold coin cost $50. Today that same coin is worth $2,000. You can become rich by being an average investor, using dollar cost averaging to get rich. Take care,” he added. “Gold dropped $10 today. Silver 14 cents. This is where ‘dollar cost averaging’ pays off.”

Buffett is a proponent of value investing. He previously explained that the secret of his investing success is to make “investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers.” The Berkshire Hathaway CEO also previously said: “When buying companies or common stocks, we look for first-class businesses accompanied by first-class management.”

Kiyosaki has been recommending investors buy gold silver, and bitcoin for quite some time. Last week, he said the price of BTC is headed for $135,000 while gold will soon break through $2,100 and then take off. In addition, he said silver will increase from $23 to $68 an ounce.

The Rich Dad Poor Dad author has made several predictions regarding the prices of bitcoin, gold, and silver. Back in August, he stated that should a global economic crisis occur, the price of bitcoin would surge to $1 million, with gold reaching $75,000, and silver climbing to $60,000. In February, he said that the price of BTC is expected to reach $500,000 by 2025, while gold is anticipated to climb to $5,000 and silver is projected to reach $500 within the same timeframe.

Unlike Kiyosaki, Buffett is not a fan of bitcoin. The Oracle of Omaha is famous for saying the cryptocurrency is “probably rat poison squared.” He said in April that BTC is a gambling token that doesn’t have any intrinsic value. In May last year, he said he wouldn’t pay $25 for all bitcoin in the world.

What do you think about Rich Dad Poor Dad author Robert Kiyosaki’s investment strategy? Do you prefer to follow Warren Buffett’s value investing strategy? Let us know in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory