Exploring Kiyosaki’s Investment Moves in 2024 📈
This year, Robert Kiyosaki, the well-known investor and author of the acclaimed financial book Rich Dad Poor Dad, has seen significant appreciation in many of his preferred assets. Among these, Bitcoin (BTC) stands out, having crossed the $100,000 threshold in December and currently trading at over $104,000.
Although there has been a recent slowdown, gold has also shown impressive performance, with many anticipating a potential rise towards $3,000 per ounce in the near future.
In this context, Kiyosaki recently indicated in a post that his next investment decision does not involve either the leading cryptocurrency or the foremost commodity.
Kiyosaki’s Upcoming Investment Venture ⚒️
In a December 16 social media update, Kiyosaki disclosed his plans to explore opportunities in a new silver mine. This announcement coincided with his confirmation of participation at the Vancouver Resource Investment Conference (VRIC) scheduled for January.
Kiyosaki expressed enthusiasm for the VRIC, highlighting the presence of expert speakers and genuine miners who possess operational mines, emphasizing his intent to engage directly with them rather than financial advisors or stock brokers.
His rationale for this shift towards a silver mine stems from the performance trends in the market. Citing the remarkable journey of gold prices, he suggested that as gold has already “taken off,” silver is poised to follow suit.
What Drives Kiyosaki’s Interest in Silver? 🥈
Analyzing silver’s trends since January 2024 sheds light on Kiyosaki’s perspective. Silver has experienced a notable increase of 33.3% this year, surpassing gold’s 28.93% rise. However, silver is still significantly lower than its historical peaks, currently priced at $30.64.
To illustrate this, silver would require an additional upward movement of 53.6% to return to its prior peak around $47, and approximately 60% if adjusted for manipulated figures from 1980. This illustrates considerable potential for growth before reaching new heights.
When comparing this to Kiyosaki’s other preferred asset, Bitcoin, the contrast is even more stark. In 2024, Bitcoin has surged by about 140%. Kiyosaki remains optimistic, suggesting that it could continue its upward trajectory by another 150% within the next year.
Hot Take on Kiyosaki’s Insights 🔥
As a crypto reader, understanding Kiyosaki’s strategic approach provides valuable insights into market behavior this year. Acknowledging the dynamics of both silver and Bitcoin offers a glimpse into where potential opportunities may lie. Whether you find wisdom in Kiyosaki’s rationale or look elsewhere, the evolving cryptocurrency landscape remains a focal point for many investors today.
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