Robert Kiyosaki says Bitcoin at $107K is a bargain, urges investors to buy now to avoid future regret as crypto adoption grows.
Robert Kiyosaki, the billionaire investor and author of Rich Dad Poor Dad, has contemplated his Bitcoin investment voyage. He stated that $107,000 is not expensive in light of the possibility that BTC could reach $1 million. He also said long-term investors should not remain on the periphery but should begin accumulating BTC and Satoshi whenever possible. At the time of publication, the price of Bitcoin is trading at $108,284, with a 30% increase in daily trading volumes.
Bitcoin is not expensive, according to Robert Kiyosaki, at $107,000
Robert Kiyosaki, the author of Rich Dad Poor Dad, underscored the importance of long-term investors accumulating as much Bitcoin as possible while reflecting on his investment voyage. He also stated that investors view the BTC price entirely based on perception.
Kiyosaki disclosed that he entered the Bitcoin market relatively late, purchasing his initial Bitcoin at $6,000 per coin. “It was costly,” he acknowledged; however, he now regrets not purchasing additional Bitcoin at that price, as it is currently trading at $107,000.
Despite the exorbitant cost, Robert Kiyosaki persists in his investment strategy, with an eye toward prospective long-term profits. Kiyosaki stated, “I will once again be saying, ‘I wish I had bought more,’ if and when Bitcoin sells for $1 million per coin.”
Kiyosaki urged investors to act promptly before it is too late, asserting that BTC could be worth $1 million. He emphasized his conviction in the asset’s long-term value, describing a $107,000 Bitcoin as “priceless.”
Nevertheless, it is important to remember that Robert Kiyosaki also stated last week that the price of Bitcoin could collapse before it makes a short-term upward movement. Nevertheless, he remains convinced that Bitcoin is the most viable long-term investment for 2030 and beyond. He believes Silver is the most promising investment, as he anticipates it will increase nearly threefold by the end of the year.
The apparent demand for Bitcoin (BTC) is decreasing
According to CryptoQuant, an on-chain data provider, the dynamics of Bitcoin’s demand have changed, with the apparent demand turning negative. A demand deficit is being generated due to the inability of new buyer activity to counteract the selling pressure from miners and long-term holders. This imbalance indicates that the market is becoming increasingly vulnerable. CrazzyBlock, an analyst at CryptoQuant, observed:
“The current negative reading indicates a critical demand deficit. The flow of coins onto the market from miners and profit-taking LTHs is now greater than what new buyers are purchasing.”
Bitcoin’s daily trading volume has increased by 30% to exceed $38 billion, and the price is currently trading at $108,240.14, up 1% as of press time. The most recent liquidation data indicates that the open interest in BTC futures has increased by 2.33% to exceed $72.5 billion.