Though often viewed as controversial, Robert Kiyosaki, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ has frequently been right with his recommendations for investors.
Indeed, though his gloomy predictions for the American stock market or the fate of the ‘fake’ currencies such as the U.S. dollar are yet to come true, his bullishness about a string of commodities – the main being gold and silver – has been vindicated with major rallies in recent months and years.
Still, as much as Kiyosaki is known for his real-estate investments and pushing of gold, Kiyosaki is also heavily involved with the crypto market and has gone on record numerous times in numerous X posts calling Bitcoin (BTC) ‘real’ money and juxtaposing it with fiat currencies.
Picks for you
Given the track record of the famous author, Finbold decided to examine the three cryptocurrencies he has recommended as well worth buying.
Ethereum (ETH)
Though not as famous for being positive about Ethereum (ETH) as for recommending multiple other investments, Robert Kiyosaki has, on multiple occasions, expressed his support for the world’s second-biggest cryptocurrency.
For example, the prominent author tweeted in favor of ETH in May 2024, saying it is likely a good time to buy the token. Still, it is worth pointing out that Ethereum is, in fact, down from the time of the X post despite experiencing a string of positive developments in recent months, such as the approval of its own spot exchange-traded fund (ETF).
ETH price today, at press time, stands at $3,306.76 after a 45.64% year-to-date (YTD) rise.
Solana (SOL)
Robert Kiyosaki’s 2022 recommendation of Solana (SOL) is another of his predictions that has been thoroughly vindicated. Indeed, in late May, Finbold found that any investor who elected to follow the famous author’s advice would have become 80% richer thanks to buying SOL.
Such an outcome is hardly surprising given Solana’s massive rise in late 2023 and through much of 2024. After starting the journey at approximately $20 in October, SOL rose to $179.47 by the time of publication on July 30. In total, the token is up a staggering 668.75% in the last 52 weeks of trading.
Bitcoin (BTC)
After years of recommendations, Robert Kiyosaki is perhaps most closely linked with the world’s biggest and oldest cryptocurrency: Bitcoin. Indeed, after some skepticism in the early 2010s, the famous investor has started vehemently recommending and has generally expressed his belief that the coin represents the future of money.
By July 2024, following Kiyosaki’s advice and investing in the cryptocurrency would have brought major returns as Bitcoin has seen a massive rally since October 2023 and is up as much as 58.32% in 2024 to its press time price of $66,002.
Finally, should the author prove as correct in his $300,000 BTC price forecast for the end of 2024 as he did in his overall bullish attitude, even an investment now, when the cryptocurrency is relatively close to its all-time highs above $73,000, could prove immensely lucrative.
Featured image via Cavaleria Com YouTube
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
