As an analyst who has spent years studying personal finance and economics, I find myself intrigued by Robert Kiyosaki’s latest prediction regarding Bitcoin. With his extensive background in financial literacy and alternative investments, his opinion holds weight, especially considering the current state of the cryptocurrency market.
As a financial analyst, I find myself in agreement with several of my esteemed peers and a well-known author of personal finance books, who believe that the price of Bitcoin might surge past the $100,000 threshold imminently. Today, this digital currency reached an impressive mark of $96,000.
American writer Robert Kiyosaki proposed an unconventional perspective when he suggested that the apprehension of not being part of something significant, often known as FOMO (Fear of Missing Out), might serve as a motivating force, encouraging investors to invest in top cryptocurrencies before they reach the $100,000 mark.
Bitcoin: The Challenge To Invest
Robert Kiyosaki advises that as Bitcoin exceeds the $100,000 mark, it might become difficult for the average working class to invest substantial sums in the pioneering cryptocurrency. He encourages them to invest while Bitcoin’s value is still below this threshold.
As a crypto investor, I find myself reflecting on Robert Kiyosaki’s thoughts: “If Bitcoin surpasses $100,000, it might become quite challenging for individuals from lower and middle-income groups to keep pace.
In simpler terms, the U.S. writer stated that if Bitcoin is made available mainly for the extremely wealthy, those who currently use traditional money like the US dollar, Euro, or Yen could potentially miss out on its benefits.
Robert Kiyosaki, a proponent of using assets like gold, silver, and Bitcoin instead of traditional currencies, believes that if Bitcoin surpasses $100,000, it would primarily become an investment opportunity for wealthy entities such as corporations, banks, and sovereign wealth funds.
THE RICH WILL GET RICHER:
Who will have more wealth accumulated? Individuals who invest in precious metals like Gold and Silver, as well as the digital currency known as Bitcoin. I myself possess these three types of financial assets.
Q: WhO WILL BE POORER?
A: The people who save dollars, Pesos, Yen, Euro, & Loonies.As I warned in Rich Dad Poor Dad
“Savers are losers…because…— Robert Kiyosaki (@theRealKiyosaki) November 29, 2024
Embracing FOMO
Since Kiyosaki started advocating for Bitcoin investments, he’s held the view that cryptocurrency presents a potential means to safeguard wealth more effectively compared to conventional monetary systems.
Given Bitcoin’s recent surge towards a fresh record high, Robert Kiyosaki encourages individuals from the middle class to consider investing in Bitcoin. If they feel uncertain, he suggests adopting the “Fear of Missing Out” (FOMO) mindset.
“FOMO is good. Don’t be left behind!” he added.
The possibility of losing out on potential profits from Bitcoin investments might motivate individuals to invest in cryptocurrency, hoping to reap rewards as the coin ascends to greater values.
Fiat Savings Not Good
The writer argued against the practice of hoarding money, stating that “those who save are unfortunate” as he viewed “money left idle as worthless.
Ricky (Kiyosaki) pointed out that opting for Bitcoin over conventional cash savings makes more sense, as the worth of traditional money tends to diminish due to inflation over a period of time.
In a recent post on platform X, he advised readers to spread out their investments by considering options like Bitcoin, suggesting that the ongoing effects of government financial policies and inflation may gradually diminish the value of conventional currencies.
He emphasized that now could be the ideal moment to put money into Bitcoin as when the currency surpasses the $100,000 threshold, it would likely become difficult for many individuals to acquire it.
At the moment of reporting, each Bitcoin is being exchanged for approximately $96,722, and the entire market value of all existing Bitcoins amounts to around $1.9 trillion dollars.
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2024-12-01 03:04