The author is very optimistic about the price of Bitcoin crossing the $100k mark in the near future.
The authors refer to them as losers who save in cash or hold fiat currencies as inflation causes devaluation.
He also said that this FOMO will lead to onboarding more investors in the industry and it will surely benefit those who act early.
Robert Kiyosaki, an American businessman and author has recently stated about the potential of Bitcoin to attain a new milestone. According to the author, the Fear of Missing Out (FOMO) could benefit investors as Bitcoin price hovers near to $100,000 mark.
Kiyosaki is a strong supporter of other assets such as gold, silver, and Bitcoin, and has altered the holders who hold traditional fiat currencies that they may risk missing out. He further says that as the price of BTC is very close to $100k, only fat-cat will be able to hold such an asset.
The author is very optimistic about the price of Bitcoin crossing the $100k mark in the near future. He also highlighted that if this happens, then the middle class will find it very difficult to invest in such an asset. Those holding traditional fiat currencies such as the dollar, euro, or yen will be unable to take advantage of it as Bitcoin will be easily accessible only to the fat cats.
Embrace the “FOMO” mentality
For a long time, Kiyosaki has been continuously criticizing fiat currencies and backing other assets like Bitcoin, gold, and silver. Since then, he has never changed his stance on Bitcoin and argued that Bitcoin can safeguard your wealth in a way that traditional currencies cannot.
As Bitcoin is near the $100,000 mark, Kiyosaki has given suggestions to people who are in a dubious state regarding investing in Bitcoin and has said to embrace the “FOMO” mentality. He also said that this FOMO will lead to onboarding more investors in the industry and it will surely benefit those who act early.
“FOMO” is good- Kiyosaki
Kiyosaki further said “The horse will be out of the barn and running. Why? Once Bitcoin crosses the $100,000 mark, only fat cats, ultra-rich individuals, or corporations will be able to hold Bitcoin of any consequence. FOMO is good. Don’t be left behind.”
The authors refer to them as losers who save in cash or hold fiat currencies as inflation causes devaluation. He repeated his statement in this recent post, where he highlighted the significance of expanding into assets such as Bitcoin.
He further shares his view that inflation as well as government monetary policies will carry on to destroy the buying power of traditional currencies. As the price of Bitcoin carries on to rise, he predicts that it will soon reach a new milestone of $100,000 and beyond. He highlighted that once Bitcoin is able to reach this new milestone, it will be almost impossible for most people to catch up.
