The author of "Rich Dad Poor Dad" has purchased Bitcoin again for $110,000, betting that BTC will break through $1 million.

Robert Kiyosaki Increases Bitcoin Holdings Again

Robert Kiyosaki, the author of "Rich Dad Poor Dad," has re-entered the Bitcoin market and made a bold decision. According to his tweet on July 11, he purchased another Bitcoin at a price of $110,000. He stated that if Bitcoin eventually breaks through the $1,000,000 milestone, today’s price will seem quite cheap.

However, this behavior has led him into what analyst Raoul Pal calls the "Banana Zone," which refers to investors who chase prices higher due to fear of missing out, ultimately facing potential losses.

Why Choose to Purchase Bitcoin at a High Price

Kiyosaki used his own rule - "PIGs Get Fat. HOGs Get Slaughtered" (greed leads to downfall), to explain why he purchased Bitcoin at such a high price point. He plans to hold Bitcoin until those undisciplined investors drive the price up and choose to sell during market panic.

He warned that FOMO (fear of missing out) is like a disease that can spread rapidly in the market. He believes that even though the current price seems a bit high, buying Bitcoin is still the key to future profits.

Early Bitcoin Investment and Regrets

Kiyosaki first purchased Bitcoin when the price was 6000 USD, and he admits that this price seemed quite expensive at the time. He stated that it took him too long to understand the concept of modern currency before entering the Bitcoin market.

This lesson has always influenced his current investment decisions. He believes that if Bitcoin really rises to 1 million dollars, he will regret not buying more at the price of 110,000 dollars.

Learn from past mistakes

Kiyosaki candidly admitted that when he bought his second Bitcoin, he realized that "he might be wrong, and he might be a fool." However, he added, "If Bitcoin really rises to 1 million dollars, I would rather be a fool than a loser."

He stated that due to his past work and savings, he is able to withstand a loss of $100,000. This safety net allows him to hold on during the extreme fluctuations in the Bitcoin market—after all, a 30% to 50% fluctuation is the norm in the cryptocurrency market.

Advice for Small Investors

Kiyosaki encourages small investors to accumulate Bitcoin as much as possible, regardless of the amount of funds. He stated: "Even if you can only buy one Satoshi today, buy it." Satoshi is the smallest unit of Bitcoin, equal to one hundred millionth of a Bitcoin.

Based on these statements, Kiyosaki expects that future newcomers will regret not seizing every opportunity to buy Bitcoin. He also advises everyone to "think independently" and not to blindly follow others' investment advice.

Kiyosaki's investment transparency and risk tolerance

Kiyosaki demonstrated a high level of transparency when sharing his Bitcoin purchase prices, allowing his fans to clearly see his risk tolerance. He views each transaction as a learning opportunity, rather than just a way to make quick money.

By publicly announcing his purchase of Bitcoin at a price of 110,000 dollars, Kiyosaki provides investors with a real-life example of the extent of risk he is willing to take to achieve his goal of Bitcoin reaching 1 million dollars.