American investor Robert Kiyosaki struck a cautionary note on Monday as Bitcoin crossed the $120,000 mark for the first time. The well-known author revealed that he would be buying “one more coin” before pressing pause until there was some clarity about “where the economy is going”. Kiyosaki also urged people looking venture into cryptocurrencies to “start small” and reiterated previous warnings that “millions” were about to become poorer in the coming days. He cited recent financial decisions taken by billionaire investor Warren Buffet to underscore his point.
“Remember Warren Buffet is out of stocks and sitting on $350 billion in cash. I suspect he is waiting for the world to crash…. Then he will move back in and buy the best assets with cash. Time to get smarter and best time to get rich….if you are smart, patient, studying….and aware. Please take care. Millions are about to become poorer. I want you to become richer,” he wrote on X.
Kiyosaki also said that he would not be making additional cryptocurrency purchases in the coming days — until he knew where the economy was going. The remarks came even as Bitcoin soared to a record high on Monday ahead of an US House of Representatives meeting to deliberate about a potential regulatory framework. The surge in bitcoin — which is up 30% so far this year — has also sparked a broader rally across other cryptocurrencies over the past few sessions even in the face of Trump’s chaotic tariff policies.
“As warned in previous X: ‘Pigs get fat. Hogs get slaughtered’. I am buying one more coin….and get fatter. I will not buy any more….until I know where the economy is going. As tempting as Bitcoin going to $200k to $1 Million is….I do want want to be a HOG and get slaughtered…. If you have not begun acquiring BITCOIN….I suggest starting very small….starting with a Satoshi (sic),” Kiyosaki added.
Bitcoin hits $123,000 as US debates crypto rules
Bitcoin surpassed $120,000 for the first time on Monday as investors bet on long-sought policy wins for the industry this week. The world’s largest cryptocurrency scaled a record high of $123,153.22 before pulling back slightly to trade 2.4% higher around $122,000. The US House of Representatives will debate a series of bills to provide the digital asset industry with the nation’s regulatory framework it has long demanded later on Monday. These demands have also resonated with US President Donald Trump — who has called himself the “crypto president” and urged policymakers to revamp rules in favour of the industry.