Robert Kiyosaki Plans to Buy Bitcoin After Reversal as Gold Charts Signal 'Massive' Rise
Robert Kiyosaki says recent declines ingold, silver,bitcoin, and ethereum have not shaken his conviction. He is closely watching for a technical reversal before making his next move. Key TakeawaysKiyosaki is. . .
Robert Kiyosaki says recent declines ingold, silver,bitcoin, and ethereum have not shaken his conviction. He is closely watching for a technical reversal before making his next move. Key TakeawaysKiyosaki is watching gold, silver, bitcoin, and ethereum charts and plans to buy after a reversal. He says broader economic and political conditions matter more than price alone. Kiyosaki believes gold and silver charts point to a major upside move. Kiyosaki Is WatchingGold, Silver,Bitcoin, and Ethereum for Trend ReversalRich Dad Poor Dad author Robert Kiyosaki said on June 20 that he is monitoringgold, silver,bitcoin, and ethereum for signs that their recent declines have ended, adding that he intends to buy once prices begin reversing higher. In a post on X, the famous author outlined an investment approach centered on evaluating the broader environment surrounding an asset rather than reacting solely to price movements. He said understanding economic, political, and market conditions is more important than focusing on short-term fluctuations. Kiyosaki shared:“One mistake I have made (and I’ve made many) is letting price determine reasons to buy or sell any asset. ”He explained that when assessing investments such as real estate, he looks beyond price declines and considers factors including job growth and local economic conditions. Noting that the same principle applies to precious metals, Kiyosaki said he closely follows political and banking leaders when evaluatinggoldand silver, asking whether they are solving economic problems or contributing to them. Economic Concerns Drive Kiyosaki’sGoldand Silver OutlookKiyosaki’s outlook remains tied to his concerns about the global economy and the actions of policymakers. “I think our global leaders are incompetent, only making things worse,” he wrote. While maintaining abullishstance on hard assets andcryptocurrencies, he said he is waiting for technical confirmation before entering new positions. The acclaimed author said:“So I am watching prices ofgold, silver,bitcoin, and ethereum on technical charts and will buy when prices reverse their decline. ”Kiyosaki added thatgoldand silver appear particularly attractive based on current chart setups. “The technical charts ongoldand silver show they are poised for a massive rise in prices,” Kiyosaki wrote. He did not provide specific indicators, chart patterns, or price targets supporting that assessment. The comments are consistent with Kiyosaki’s broader macroeconomic views. In recent months, he has repeatedly warned about rising debt levels, inflationary pressures, and what he sees aspoor economic leadership. He has also argued that weaknesses infiat currenciesand ongoing policy decisions by governments and central banks could continue to support demand for alternative assets such asgold, silver, andbitcoin.