Rich Dad Poor Dad Author Robert Kiyosaki: It's time to buy more Bitcoin and gold

Robert Kiyosaki is bullish on Bitcoin

Investor and author Robert Kiyosaki encourages increased investment in Bitcoin (BTC) and gold. The advice comes at a time when market dynamics are trending upward, indicating potential for continued gains.

Kiyosaki predicts that Bitcoin will grow and points to recent institutional investment as a major driver. In a recent social media post, he likened the current market conditions to a challenging situation and advised not to fall behind.

Robert Kiyosaki says Bitcoin has the same store of value function as gold

Bad cards are coming: In my previous tweets, I said that success belongs to those who know how to thrive when they are dealt bad cards. The bad cards are hitting right now. Millions of people will suffer losses. Please don't be one of the losers.

Kiyosaki noted that users are urged to turn adverse market conditions into favorable outcomes by investing in Bitcoin, gold, and silver. These assets have historically been valued for their stability and are seen as key investments in uncertain times. Precious metals have been used as a store of value for many years. However, Bitcoin's role has caused some controversy. Bitcoin supporters believe that, among other advantages, Bitcoin has a store of value function similar to gold. One notable argument they often cite is that the price of Bitcoin has surged to an all-time high of over $73,000 over the past decade.

Impact of institutional money flows into the market

Institutional investors have had a significant impact on digital asset prices in 2024. The approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) in January triggered a large influx of funds into the market, pushing up the value of the asset.

Despite recent volatility, including a drop after Germany sold Bitcoin, the market has shown resilience. Midweek trading reversed some of the losses, highlighting the volatile but potentially profitable nature of cryptocurrencies.

While Kiyosaki's optimistic outlook on Bitcoin and gold is noteworthy, investors should remain cautious about market volatility and the inherent risks associated with cryptocurrency investments. As of now, Bitcoin is trading at $57,548.