“Don’t Be Left Behind,” Kiyosaki Says
A well-known personal finance book author joins many cryptocurrency analysts in saying that Bitcoin could hit $100,000 any day as the cryptocurrency reaches the $96,000 mark today.
American author Robert Kiyosaki commented that the psychological phenomenon of fear of missing out (FOMO) could be a positive driver for investors to buy top cryptocurrencies before they reach $100,000 levels, but he suggested A controversial position.
Related reading
Bitcoin: Investment Challenges
Kiyosaki warned that once Bitcoin breaks through the $100,000 level, it will be difficult for the middle class to invest large amounts of money in the nascent cryptocurrency, urging them to invest while the digital currency remains below said levels.
“Once Bitcoin breaks $100,000, it will be almost impossible for the poor and middle class to catch up,” Kiyosaki said.
The American author explains that once Bitcoin becomes available only to the super-rich, holders of traditional fiat currencies such as the U.S. dollar, euro and Japanese yen will suffer losses.
Kiyosaki, an advocate of alternatives to fiat currencies such as gold, silver and Bitcoin, believes that “only the ultra-rich such as corporations, banks and sovereign wealth funds can afford” any consequences if Bitcoin breaks through the $100,000 level. Bitcoin. “
The rich get richer:
Question: Who will be richer?
Answer: The one who saves gold and silver. Bitcoin. I own all three financial assets.Question: Who will be poorer?
Answer: Those who save dollars, pesos, yen, euros and Canadian dollars.As I warned in Rich Dad Poor Dad
“Depositors are losers…because…— Robert Kiyosaki (@theRealKiyosaki) November 29, 2024
Embrace FOMO
Kiyosaki has been promoting Bitcoin investment ever since he believes the cryptocurrency offers the opportunity to protect wealth better than traditional currencies.
Now that Bitcoin is nearing all-time highs, Kiyosaki urges the middle class and others to invest in Bitcoin, saying they can embrace a “FOMO” mentality if they are hesitant.
“FOMO is a good thing. Don’t be left behind!” he added.
He explained that the fear of missing out on Bitcoin may attract people to invest in cryptocurrencies so that they can benefit when Bitcoin reaches new heights.
Fiat currency savings are bad
The author discourages people from saving, saying “savers are losers” because, in his view, “cash is garbage.”
Kiyosaki explained that holding Bitcoin is better than holding cash because traditional fiat currencies have to deal with inflation, which reduces their value over time.
Related reading
In an
He noted that now is the best time to invest in Bitcoin because once it crosses the $100,000 milestone, it will be nearly impossible for most people to acquire it.
As of press time, the trading price of BTC is US$96,722 per coin, with a total market value of US$1.9 trillion.
Featured images from Pexels, charts from TradingView