Kiyosaki to Buy Bitcoin After Watching for Chart Reversal

Robert Kiyosaki, author of Rich Dad Poor Dad, posted on X on June 20 that he will buy bitcoin once technical charts show a reversal. He wrote that gold and silver charts look set for a large increase and that he is also watching ethereum for similar chart signals.

Kiyosaki described his investing approach as focused on the broader environment around an asset rather than short-term price moves. He wrote, “One mistake I have made (and I’ve made many) is letting price determine reasons to buy or sell any asset.” He said he examines factors such as job growth and local economic conditions when evaluating real estate, and applies the same checks to precious metals by monitoring political and banking leaders.

Explaining his current stance, Kiyosaki wrote, “So I am watching prices of gold, silver, bitcoin, and ethereum on technical charts and will buy when prices reverse their decline.” He did not specify which chart indicators or price targets he is using. He also wrote, “The technical charts on gold and silver show they are poised for a massive rise in prices.”

Kiyosaki linked his outlook to concerns about rising government and private debt, inflationary pressures and what he described as poor economic leadership. He wrote, “I think our global leaders are incompetent, only making things worse.”

Gold, silver, bitcoin and ethereum have each retreated from recent highs. Kiyosaki gave no timetable for purchases beyond waiting for technical confirmation of a trend reversal.