Robert Kiyosaki Stops Buying Bitcoin and Precious Metals, Cites U.S. Debt

TLDR

• Robert Kiyosaki has paused his investments in Bitcoin, gold, and silver due to concerns about U.S. fiscal instability.
• Kiyosaki believes the growing U.S. national debt is the most significant risk to the market, not short-term price fluctuations.
• He has set specific price targets for future purchases, including $74 for silver and $4,000 per ounce for gold.
• Kiyosaki sold portions of his Bitcoin and gold holdings recently for tax planning reasons rather than a change in strategy.
• The cryptocurrency and precious metals markets have experienced significant volatility, prompting Kiyosaki to adopt a cautious approach.

Robert Kiyosaki, author of Rich Dad Poor Dad, announced that he has paused his investments in Bitcoin, gold, and silver for the time being. He attributes this decision to concerns over U.S. fiscal instability rather than short-term price fluctuations. Kiyosaki’s recent statements have sparked attention as he continues to focus on the broader economic environment rather than immediate market movements.

U.S. Debt Crisis: Kiyosaki’s Main Concern

In a recent post on X, Robert Kiyosaki shared his concerns about the expanding U.S. national debt, which has surged to approximately $38 trillion. He emphasized that this figure escalates when considering long-term liabilities such as Social Security and Medicare. “The total long-term liabilities now stand close to $250 trillion,” he explained, urging investors to consider this pressing issue as the most significant market risk.

Kiyosaki criticized the role of the Federal Reserve and political leaders, pointing out that mismanagement and poor governance have led to a loss of confidence in the financial system. He believes that the focus should shift from short-term market trends to addressing structural economic weaknesses. His remarks are consistent with his long-standing view that fiat currencies and centralized monetary control are unstable.

Robert Kiyosaki’s Cautious Investment Strategy

Kiyosaki has adopted a cautious approach to his investment strategy. He has previously purchased Bitcoin, gold, and silver at historically low prices but is now holding off on new purchases. “I’m waiting for clear market bottoms before re-entering,” Kiyosaki stated, setting specific buy targets for these assets.

He mentioned that he would consider buying more silver if prices drop to $74 per ounce, and would look at gold again if it reaches $4,000 per ounce. Kiyosaki has sold portions of his holdings recently, citing tax planning as the primary reason. His investment philosophy focuses on making profits at the time of purchase, rather than the point of sale.

Volatile Markets and Kiyosaki’s Wait-and-See Approach

The cryptocurrency market, especially Bitcoin, has shown considerable volatility. Bitcoin recently dropped by 8.3% in a 24-hour period, with its price fluctuating from $60,100 to $65,238. Precious metals have also experienced swings, with gold and silver showing uneven performance during the same timeframe.

With cryptocurrencies and precious metals continuing to experience sharp movements, Kiyosaki’s cautious stance remains in place for now.

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