Kiyosaki awaits Bitcoin reversal before buying

• Robert Kiyosaki said he is monitoring Bitcoin, Ethereum, gold and silver for signs that recent declines have ended before making new purchases.
• The investor said broader economic and political conditions are more important than short-term price movements.
• Kiyosaki stated that gold and silver charts appear positioned for a significant upward move, although he provided no specific targets.

Robert Kiyosaki, author of Rich Dad Poor Dad, said he is watching Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), gold and silver for technical signs that their recent declines have reversed before adding to his positions.

His comments come after recent weakness across cryptocurrency and precious metals markets, with Kiyosaki maintaining a positive long-term view despite near-term price declines.

“One mistake I have made (and I've made many) is letting price determine reasons to buy or sell any asset,” said Rich Dad Poor Dad author Robert Kiyosaki.

Kiyosaki said he focuses on economic, political and market conditions when evaluating investments and applies the same approach to cryptocurrencies, real estate and precious metals.

He stated that he intends to buy Bitcoin, Ethereum, gold and silver once technical charts indicate a reversal in their current downtrends, while adding that gold and silver appear particularly attractive based on current chart patterns; following the comments the prices of the assets were not materially affected.

Kiyosaki has repeatedly expressed concerns about government debt levels, inflation and central bank policies, which he believes support demand for alternative assets.

He also said weaknesses in fiat currencies and broader economic conditions could continue to encourage investor interest in Bitcoin, gold and silver, although he did not provide specific price targets or timing expectations.

At the time of reporting, Bitcoin price was $64,577.35.