Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, took to social media platform X on January 27 to express regret over his previous sales of bitcoin and gold, calling them a 'big mistake,' while reaffirming his long-term conviction in hard assets and cryptocurrencies amid ongoing currency debasement. He also directly denied rumors that he had sold his silver holdings, providing a detailed breakdown of his current investment strategy.
Clarification: No Silver Sold
Kiyosaki's post came in response to speculation he encountered at the Vancouver Resource Investor Conference, where attendees claimed that he had exited silver to increase his bitcoin exposure. He labeled the rumor as inaccurate. 'This is not true. The facts are: I sold some bitcoin and later some gold to buy my new home. I have not sold any of my silver,' he wrote. The author stressed the importance of setting the record straight, as false narratives can distort market perceptions, especially for assets he views as monetary insurance.
Regret Over Bitcoin and Gold Sales
'I wish I had not sold some gold and some bitcoin. Selling some gold and bitcoin was my mistake… a big mistake. Thank God I did not sell my silver,' Kiyosaki admitted. He went on to explain his broader financial model, which relies on using debt to acquire investment real estate that generates positive cash flow. That cash flow, in turn, is used to purchase more gold, silver, bitcoin, and ethereum. 'Why sell silver, when I use debt to buy investment real estate for positive cash flow with which I buy more gold, silver, bitcoin, and ethereum?' he asked.
Strategic Moves and Cash Flow Generation
Back in November, Kiyosaki revealed that he had sold $2.25 million worth of bitcoin that he had originally purchased years earlier at roughly $6,000 per coin. The proceeds were redirected into income-producing businesses: two surgery centers and a billboard venture. He estimated that by February, these investments would generate approximately $27,500 per month in tax-free cash flow. This move aligns with his long-standing philosophy of leveraging debt to acquire assets that throw off passive income, which then feeds further accumulation of store-of-value assets.
Critique of Fiat Currency
In his latest X post, Kiyosaki also reiterated his critical stance toward fiat currency, concluding with the line: 'Great time to sell fake dollars to buy real gold, silver, bitcoin, and ethereum.' His consistent message highlights a deep distrust of central bank monetary policies and the debasement of paper money. Many crypto supporters point to bitcoin's capped supply of 21 million coins and ethereum's expanding role in decentralized applications as hedges against inflation, while precious metals advocates emphasize gold and silver's millennia-long track record as stores of value.
Investment Takeaways for the Crypto Community
Kiyosaki's remarks serve as a reminder of the ongoing debate between fiat currencies and hard assets. While he personally prefers a diversified portfolio combining real estate, precious metals, and cryptocurrencies, his regret over selling bitcoin and gold underscores the potential opportunity cost of exiting positions too early. As he often advises, 'The window is still open' for those looking to accumulate real money in the form of bitcoin, gold, and silver before further currency debasement takes hold.