Bitcoin Approaches $100,000 Mark as Robert Kiyosaki Urges Investment
Author Robert Kiyosaki stated that Bitcoin could reach $100,000 soon as it approached the $96,000 mark. He noted that the fear of missing out (FOMO) may motivate investors to buy Bitcoin before it hits this level.
Bitcoin: The Challenge To Invest
Kiyosaki warned that once Bitcoin surpasses $100,000, significant investments from the middle class would become challenging. He stated, “Once Bitcoin passes $100,000 it will be almost impossible for the poor and middle class to catch up.” He argued that if Bitcoin becomes accessible only to the ultra-wealthy, traditional fiat currency holders will lose out.
He advocates for alternatives to fiat currencies like gold, silver, and Bitcoin, suggesting that corporations, banks, and sovereign wealth funds will dominate Bitcoin ownership at high price levels.
THE RICH WILL GET RICHER:
Q: WHO WiLL BE RICHER?
A: The people who save Gold, Silver. Bitcoin. I own all three 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
Kiyosaki believes Bitcoin offers better wealth protection than traditional currencies. As Bitcoin approaches a new all-time high, he encourages the middle class to invest, suggesting they adopt a FOMO mentality to avoid missing out on potential gains.
“FOMO is good. Don’t be left behind!” he stated.
This mindset may drive individuals to invest in Bitcoin to benefit from its anticipated rise.
Fiat Savings Not Good
Kiyosaki criticized saving in cash, claiming “savers are losers” because of inflation diminishing value over time. He encouraged diversification into assets like Bitcoin, arguing that government monetary policies and inflation will continue to erode the purchasing power of traditional currencies.
He emphasized that now is the time to invest in Bitcoin, as it may soon be difficult for many to acquire once it exceeds the $100,000 milestone. Currently, Bitcoin trades at $96,722 with a total market capitalization of $1.9 trillion.
Featured image from Pexels, chart from TradingView