Robert Kiyosaki Shares His Investment Strategy — Says He’s Not | CRYPTOLOGY
Robert Kiyosaki Shares His Investment Strategy — Says He’s Not Trying to Be Warren Buffett
Kiyosaki wrote on social media platform X Sunday:
Rather than pretend to be Warren Buffett picking bottoms I am an average investor ‘accumulating’ the asset I want for the long term. I have been accumulating gold, silver, bitcoin, and real estate for years. My first gold coin cost $50. Today that same coin is worth $2,000. You can become rich by being an average investor, using dollar cost averaging to get rich. Take care. Gold dropped $10 today. Silver 14 cents. This is where ‘dollar cost averaging’ pays off.
Buffett is a proponent of value investing. He previously explained that the secret of his investing success is to make “investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers.”
Unlike Kiyosaki, Buffett is not a fan of bitcoin. The Oracle of Omaha is famous for saying the cryptocurrency is “probably rat poison squared.” He said in April that BTC is a gambling token that doesn’t have any intrinsic value. In May last year, he said he wouldn’t pay $25 for all bitcoin in the world.
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