Robert Kiyosaki's Hot Take: $107K Bitcoin Is a Steal — Delusion or Visionary?
The author and on-air personality also seems to believe that the greatest risk might be not taking one at all.
On June 29, Kiyosaki announced on X that he first bought bitcoin when it was trading at $6,000. While he conceded that he was 'late' to the game, he wasn't too late. At the time of his post, BTC was selling for $107,000 per coin — and he wants anyone who's worried they missed the boat to consider that it's not too late for them, either.
Is he right?
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Is $6K Expensive? How About $107K? Maybe Neither
Although he could have jumped in sooner, Kiyosaki has gained 1,683.33% on his bitcoin investment — hardly the kind of returns that should make an investor regretful.
However, his language wasn't regretful. It was optimistic.
'So I bought my first bitcoin at $6,000 a coin,' Kiyosaki wrote. 'It was expensive. Today I wish I had bought more at $6,000. Today bitcoin is $107,000 a coin. Again my mind says, 'That's expensive,' but I am buying more. Why? Because if and when bitcoin sells for $1 million a coin, I will once again be saying, 'I wish I had bought more.''
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Does BTC Have a Million-Dollar Future?
There was a time in the not-too-distant past when many considered the $100,000 milestone a figment that existed only in the imaginations of bitcoin bulls. Yet in December 2024, BTC became a six-figure cryptocurrency.
So, about Kiyosaki's seven-figure aspirations for the digital coin that started it all?
To accurately predict that would require crystal-ball wizardry that could turn anyone who possessed it into the world's first trillionaire — but Kiyosaki is hardly alone. Several insiders who have more expertise on the subject than he have joined or preceded the author in projecting that bitcoin will eventually reach $1 million or more, including:
ARK Invest founder and CEO Cathie Wood
MicroStrategy co-founder Michael Saylor
Jeff Park of Bitwise Asset Management
BitMEX co-founder Arthur Hayes
JAN3 CEO Samson Mow
The only certainty is that between the time of Kiyosaki's post on June 29 and July 9, Bitcoin gained more than $2,000, jumping from $107,000 to $109,300.
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This article originally appeared on GOBankingRates.com: Robert Kiyosaki's Hot Take: $107K Bitcoin Is a Steal — Delusion or Visionary?
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