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The well-known personal finance book author joined many cryptocurrency analysts in saying that Bitcoin could reach $100,000 any time soon as the cryptocurrency reached the $96,000 mark today.
American author Robert Kiyosaki took a controversial stance after commenting that the psychological phenomenon of fear of missing out (FOMO) could be a positive driving force that will push investors to buy top cryptocurrencies before they reach the $100,000 level.
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Bitcoin: the investment challenge
Kiyosaki warned that once Bitcoin exceeds the $100,000 level, it will be difficult for the middle class to invest large amounts in the first cryptocurrencies, urging them to invest now as the digital currency is still below the aforementioned level.
“Once Bitcoin exceeds $100,000, it will be almost impossible for the poor and middle class to catch up,” Kiyosaki said.
The American author explained that once access to Bitcoin becomes available only to the wealthy, holders of traditional fiat currencies such as the dollar, euro and yen will lose out.
Kiyosaki, an advocate of alternatives to fiat currencies such as gold, silver and bitcoin, argued that if bitcoin breaks the $100,000 level, “only wealthy people like corporations, banks and sovereign wealth funds will be able to afford it.” Bitcoin of any consequence.”
The rich will get richer:
Q: Who will be richer?
A: People who store gold and silver. Bitcoin. I own all three financial assets.Q: Who will be poorer?
A: People who save dollars, pesos, yen, euros, and londons.As I warned in the book Rich Dad Poor Dad
“Savers are losers… because…– Robert Kiyosaki (@theRealKiyosaki) November 29, 2024
Embrace FOMO
Since Kiyosaki promoted investing in Bitcoin, he has believed that cryptocurrencies offer an opportunity to protect wealth better than traditional currencies.
Now that Bitcoin is nearing a new all-time high, Kiyosaki urged people like those in the middle class to invest in Bitcoin, saying that if they are hesitant, they can embrace a FOMO mentality.
“Good FOMO. Don’t get 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 the currency reaches new heights.
Fiat savings are not good
The author expelled people from saving, saying that “savers are losers,” because “money, in his opinion, is rubbish.”
Kiyosaki explained that holding Bitcoin is better than saving in cash because traditional fiat currencies have to deal with inflation, which reduces their value over time.
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In X’s post, he urged people to diversify their assets and invest in alternatives such as Bitcoin, claiming that government monetary policies and inflation will continue to “undermine the purchasing power of traditional currencies.”
He noted that today is a good time to invest in BTC because once the currency crosses the $100,000 mark, it will be almost impossible for most people to obtain it.
As of press time, Bitcoin is trading at $96,722 per coin, with a total market cap of $1.9 trillion.
Featured image from Pexels, chart from TradingView
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