Robert Kiyosaki Halts Bitcoin Purchases

Bestselling author Robert Kiyosaki has announced that he has paused his Bitcoin purchases following a significant surge in the cryptocurrency’s value, which recently surpassed $120,000.

In a recent post on social media platform X, the author of “Rich Dad Poor Dad” communicated to his 2.7 million followers that he wouldn’t be buying additional Bitcoin until there’s more clarity regarding the financial landscape. Bitcoin reached a new all-time high of approximately $123,000 on Monday.

“Exciting to see Bitcoin over $120,000. It’s great for those who already own some, but not so much for those still on the fence. They might feel like the ‘seven pigs will be slaughtered,’ as I warned earlier. I’m waiting to buy more until I have a better sense of the economy’s direction,

“Just as Bitcoin could aim for $200,000 to even $1 million, I don’t want to take unnecessary risks. If you haven’t started acquiring Bitcoin yet, I suggest beginning small with Satoshi.”

Kiyosaki has also indicated concerns about a potential global financial collapse, suggesting that it might present a buying opportunity.

“Think about it: Warren Buffett has moved out of stocks and is sitting on $350 billion in cash. It seems he’s waiting for a downturn to snap up quality assets at lower prices. Stay smart, be patient, and do your homework,”

At the time of this update, Bitcoin is trading at $118,217.