Robert Kiyosaki, like many others, predicts Bitcoin will soon exceed $100,000 and warns that only the ultra-rich will be able to own it as its value increases. He promotes Bitcoin as a safe investment, alongside gold and silver, and advises against saving cash in the traditional way.
Robert Kiyosaki believes that saving money in the old way will cause people to lose wealth over time and that it is not a better way to get rich. He adds that investing in tangible assets like Bitcoin is a better way to protect and grow one’s assets.
In a post on X, Kiyosaki warned that once Bitcoin surpasses $100,000, average and middle-class individuals will find it difficult to participate in the cryptocurrency market. He believes that the ultra-rich, banks, and national investment funds will certainly dominate Bitcoin ownership as its price rises.
Kiyosaki's warning has generated diverse opinions. Many of his followers on X disagree with his claims, stating that Bitcoin is decentralized and can be purchased in small amounts, making it accessible to anyone regardless of their wealth. They even argue that if Bitcoin reaches $1 million, people can still invest in it with smaller amounts.
Kiyosaki's investment plan
Despite his warnings, Kiyosaki reveals he still plans to continue buying Bitcoin until the price exceeds $100,000.
The author of the book The Rich Dad Poor Dad shares his belief in the importance of owning safe assets like gold, silver, and Bitcoin, while adding that holding cash is not a wise strategy nowadays. He states 'Cash is trash,' a reminder not to rely on traditional currencies like the dollar or euro.
Kiyosaki's recent comments on the future of Bitcoin come as the cryptocurrency has risen 154% this year and increased 35% just in the last month. As Bitcoin surpasses $100,000, he claims he will stop buying to warn against greed.
Robert Kiyosaki's strategy is to buy assets when prices are low and sell them when their value increases – something traders would call 'long-term value rather than short-term speculation.' This American entrepreneur is not the only one predicting great things for Bitcoin. Michael Saylor, CEO of MicroStrategy, predicts that Bitcoin could reach $500,000 by 2025 and even exceed $1 million by 2030.