Bitcoin has reached $96,000, sparking speculation from analysts and prominent figures, such as American author Robert Kiyosaki, that the currency could soon reach $100,000. Kiyosaki pointed out that the phenomenon of fear of
Missing Out (FOMO) will be a driving force for investors to buy Bitcoin before it crosses the $100,000 mark.
Robert Kiyosaki's point of view:
Difficulty of reaching Bitcoin after exceeding $100,000:
Kiyosaki stressed that once Bitcoin crosses the $100,000 barrier, it will become difficult for the middle class to invest large amounts in the currency.
He explained that high prices will make Bitcoin limited to the wealthy, such as large companies, banks and sovereign funds.
Encouraging FOMO-Driven Investment:
Kiyosaki believes that “fear of missing out” can be a positive motivator that encourages people to invest before prices rise.
Encourage people who feel hesitant to embrace that feeling and take advantage of the current opportunity.
Rejecting fiat currencies for bitcoin:
Kiyosaki described paper currencies such as the dollar and the euro as "garbage" because of the effect of inflation on their purchasing power.
He stressed that Bitcoin represents a way to protect wealth from the erosion of the value of paper currencies over time.
Diversification of assets:
Kiyosaki advised diversifying assets among alternatives such as Bitcoin, gold and silver, noting that these assets are more capable of protecting wealth than cash savings.
Current market situation:
Bitcoin is currently trading at $96,722 with a market cap of $1.9 trillion.
As Bitcoin approaches the $100,000 mark, the market enthusiasm is expected to continue, driven by increased interest from individual and institutional investors.
Recommendation:
Kiyosaki suggests that now is a good time to invest in Bitcoin, warning that crossing the $100,000 barrier will make it difficult for most people to own large amounts of the currency. However, investors should carefully consider the risks, including potential market volatility and corrections.