After a difficult 2022 for the cryptocurrency market, 2023 was relatively better. As we approach the end of this year, it’s time to take a look at the portfolio of veteran investor Robert Kiyosaki, one of the most well-known and controversial figures in finance. Kiyosaki is strongly opposed to fiat money, which he disparages with terms such as “fake money.” On the other hand, he advocates that the rich buy and accumulate “real assets” such as Bitcoin and gold.
Bitcoin (BTC) comes first
cryptokoin.com It is no secret to his followers that Kiyosaki is a big fan of Bitcoin. He has praised Bitcoin (BTC) many times over the years. He described Bitcoin as “one of the three hottest topics in the world” next to gold and silver, as the value of the American Dollar (USD) is gradually decreasing.
In fact, as the financial writer explained in February, he had “backed up the truck” when the price reached $6,000 after watching Bitcoin climb to $20,000 and then fall to almost zero. In the process, he had purchased some BTC for himself.
Investor’s favorite: Gold
Next up is gold, another of Kiyosaki’s favorite commodities. The famous author has been saying for a long time that it is more valuable than cash, which he describes as “garbage”. He says gold, along with Bitcoin and silver, is “real money” for him. Kiyosaki announced in April that he would buy more gold even if it fell to $1,000.
According to a December 2022 tweet, he explained that when he first came to the gold standard in 1972, when he purchased the yellow metal as a naval pilot in Vietnam, he “flew behind enemy lines hoping to get the gold at a discount because the mine was in enemy hands.”
Kiyosaki adds silver to gold
Also in August, Kiyosaki advised his followers to buy silver, another precious metal, before it runs out. He pointed out that silver is gradually decreasing, but its price is still lower than gold. That’s why silver has become “a better bargain as a long-term investment,” he said. In fact, he touts both silver and gold as “God’s money.” The former has become rarer due to its use as an industrial precious metal. However, it is still relatively affordable at its current price. The legendary investor himself started buying gold for the first time in 1964, when he was only 17 years old.
Another favorite of Bitcoin investors: Real estate
Robert Kiyosaki has shared in many videos over the years that he and his wife, Kim, have significant wealth in real estate, which is the cornerstone of their investment strategy due to its dual reward system of relatively stable rental income and capital appreciation. However, caution is warranted, as he observed in April when discussing the state of the market at the time with Ken McElroy, author of his personal real estate investment book ‘The ABCs of Real Estate Investing’. “Real estate is one of the most sophisticated investment strategies,” Kiyosaki said. says.
Finally, Kiyosaki invests in Wagyu cattle
Finally, Kiyosaki is also an avid investor in an unexpected commodity. This is the highly expensive Wagyu beef, native to Japan, raised in a stress-free environment and known for its uniquely tender and buttery flavor, whose meat is rich in healthy omega-3 and omega-6 acids. In an interview in February, Kiyosaki warned that the ‘fake’ USD was eroding US dominance in the global economy, favoring assets such as gold, silver, Bitcoin and Wagyu cattle over stocks, exchange-traded funds (ETFs) and paper currency. told. In this context, Kiyosaki made the following statement:
I invest in cattle. You know, Wagyu beef. Do you know why? Because every time the Wagyu bull breeds, I get sperm, that is, cash flow. I trust Wagyu cattle more than Joe Biden.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!