Robert Kiyosaki Says FOMO Is Good As Bitcoin Price Nears $100,000 Mark

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As a seasoned investor who has learned valuable lessons from Robert Kiyosaki’s Rich Dad Poor Dad, I find his recent insights about Bitcoin intriguing and thought-provoking. With my modest savings dwindling due to inflation and devaluation of fiat currencies, I can’t help but feel like a ‘loser’ in the game of money, as Kiyosaki puts it.

Robert Kiyosaki, known for his book “Rich Dad Poor Dad,” has ignited debate over the possibility of Bitcoin reaching unprecedented levels. In a recent post, he suggested that FOMO (Fear of Missing Out) could prove advantageous for investors as Bitcoin’s price inches toward the $100,000 milestone. An ardent supporter of alternative investments such as gold, silver, and Bitcoin, Kiyosaki cautioned that those clinging to traditional paper currencies might find themselves on the sidelines if they fail to act.

It’s his opinion that when Bitcoin reaches around $100,000, only the extremely wealthy individuals will have the means to accumulate substantial investments in it.

Robert Kiyosaki Warns: FOMO is Key as Bitcoin Nears $100,000

In a recent tweet, Robert Kiyosaki highlighted his view that Bitcoin will soon surpass the $100,000 mark. He emphasized that once BTC hits this price point, it will become increasingly difficult for the middle class to invest in significant amounts. Kiyosaki argued that those holding traditional fiat currencies like the dollar, euro, or yen will lose out as Bitcoin becomes more accessible only to the ultra-wealthy. 

Robert Kiyosaki, a frequent critic of traditional currencies like dollars, euros, etc., often promotes alternatives such as Bitcoin, gold, and silver. He maintains that Bitcoin presents a unique chance to secure wealth in ways conventional money cannot. Given the recent surge in Bitcoin’s value nearing record highs, Kiyosaki encourages the cautious to reconsider their stance on Bitcoin and adopt a “FOMO” (Fear Of Missing Out) mentality. This apprehension about missing out on potential gains could motivate more investors towards cryptocurrency, ultimately benefiting those who invest early.

The Rich Dad Poor Dad author emphasized, 

“The horse is going to run free from the barn. Why? If Bitcoin reaches $100,000, only wealthy entities like corporations, banks, and sovereign wealth funds will have the means to acquire significant amounts of Bitcoin. Fear of missing out (FOMO) can be beneficial. Don’t get left behind!

Kiyosaki Criticizes Fiat Savings

In Robert Kiyosaki’s opinion, individuals who store their wealth in cash or conventional currencies are often referred to as “losers” because of the value loss caused by inflation. This viewpoint has been emphasized in his latest posts, where he highlights the need for investing in alternatives like Bitcoin. His stance is based on the belief that ongoing inflation and monetary policies implemented by governments will gradually diminish the buying power of traditional currencies over time.

With Bitcoin’s price steadily climbing, he predicts it will surpass $100,000 in the near future. He emphasized that when this level is attained, it may become challenging for many individuals to follow suit.

Kiyosaki added, 

“Traditional savers might find themselves at a disadvantage…as they hold onto cash that could potentially depreciate. Some experts predict that Bitcoin will surpass $100,000 soon. Once it reaches this milestone, it may become increasingly challenging for average income groups to accumulate the same level of wealth.

Beyond his observations on Bitcoin prices, Robert Kiyosaki commended Michael Saylor, MicroStrategy’s founder, for his innovative Bitcoin strategy. Kiyosaki labeled Saylor as a “genius” due to his decision to invest the company’s treasury in billions of dollars of Bitcoin. He opines that this move bolstered MicroStrategy’s financial stability.

Currently, Bitcoin is being exchanged for approximately $96,400, bouncing back from a weekly low of $91,000 it hit earlier. This digital currency has demonstrated remarkable strength, leading analysts to anticipate an upward trend reaching $100,000 in the near future.

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2024-11-30 05:18