- Robert Kiyosaki believes Bitcoin at $107,000 is cheap and predicts it will reach $1 million.
- He bought his first Bitcoin at $6,000 and now wishes he had purchased more at that price.
- On-chain data shows negative demand as selling pressure from miners exceeds new buyer activity.
Renowned investor and “Rich Dad Poor Dad” author Robert Kiyosaki maintains his bullish stance on Bitcoin despite trading above $107,000. The billionaire investor argues that current price levels remain attractive for long-term accumulation strategies.
At the time of writing, Bitcoin trades at $107,559, representing a drop of 0.16% over the past 24 hours. Trading volumes have surged 30% to exceed $38 billion, indicating heightened market activity around these elevated price levels.
Late Entry Sparks Aggressive Accumulation Strategy
Kiyosaki admitted to entering the Bitcoin market later than many investors, purchasing his initial holdings at $6,000 per coin. He described that entry point as “expensive” at the time, but now views it as a missed opportunity for larger accumulation.
Despite the significant price appreciation, the investment guru continues adding to his Bitcoin position. He projects that Bitcoin could reach $1 million per coin, making current levels appear modest.
“If and when Bitcoin sells for $1 million a coin, I will once again be saying, ‘I wish I had bought more,'” Kiyosaki stated. He characterizes Bitcoin at $107,000 as “priceless” through a long-term investment lens.
The author emphasizes that perception drives current market sentiment. He encourages investors to accumulate Bitcoin and smaller denominations called satoshis whenever possible, rather than waiting for lower entry points.
Market Dynamics Show Mixed Signals
On-chain data reveals contrasting trends in Bitcoin’s underlying demand structure. CryptoQuant reports negative apparent demand readings, suggesting new buyer activity fails to match selling pressure from miners and long-term holders.
Analyst CrazzyBlock highlighted the demand deficit: “The flow of coins onto the market from miners and profit-taking long-term holders is now greater than what new buyers are purchasing.”
This imbalance creates potential market weakness despite rising prices and increased trading volumes. The disconnect between price action and underlying demand metrics presents a complex market environment.
Bitcoin futures open interest has increased 2.33% to surpass $72.5 billion, indicating continued institutional engagement despite mixed on-chain signals.
Kiyosaki previously suggested Bitcoin prices could experience short-term volatility before resuming upward momentum. He maintains confidence in Bitcoin as the strongest long-term investment for 2030 and beyond.
However, the investor currently favors silver for near-term gains. He expects silver prices to triple by year-end, making it his preferred short-term allocation.
The investment strategist balances immediate opportunities in precious metals with long-term cryptocurrency accumulation. This approach reflects his broader investment philosophy of diversifying multiple asset classes while maintaining core Bitcoin holdings.
Disclaimer
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