As a researcher who has spent years studying financial literacy and investing, I find myself often reflecting on the insights of individuals like Robert Kiyosaki. His latest prediction that Bitcoin will soon break above the $100,000 resistance is certainly intriguing, especially considering his long-standing advocacy for safe-haven assets such as gold, silver, and Bitcoin.
Robert Kiyosaki, a well-known investor and venture capitalist who is also recognized as the author of the popular book “Rich Dad Poor Dad” about financial literacy, anticipates that Bitcoin will surpass its $100,000 resistance level in the near future. He discusses his views on what potential effects this could have for ordinary investors.
“Bitcoin will soon break $100,000”, here’s what happens then
Kiyosaki recently shared a detailed post emphasizing that he continues to hold three reliable investment options: gold, silver, and Bitcoin. He consistently adds to these assets due to his conviction that individuals relying on traditional currencies will eventually experience financial decline, as he phrased it, “money is garbage,” which echoes a sentiment from one of his books.
As a crypto investor, I’m banking on the wealth of those who wisely store Gold, Silver, and Bitcoin. Meanwhile, I foresee those hoarding dollars, Pesos, Yen, Euro, and Loonies facing financial hardship. Just like Rich Dad Poor Dad warned us, savers may end up losing out in the long run because their money is not growing as fast as inflation.
— Robert Kiyosaki (@theRealKiyosaki) November 29, 2024
Kiyosaki predicts that Bitcoin will exceed $100,000 soon, which he believes will widen the gap between the wealthy and those who are not as financially well-off. He suggests that it might become challenging for the poor and middle class to keep pace with such a rise in value.
According to Kiyosaki, once a significant increase in price takes place, Bitcoin might become accessible primarily to wealthy institutions such as corporations, banks, and sovereign wealth funds.
He tweeted that before Bitcoin has left $100,000 behind, FOMO (fear of missing out) is good. “Don’t let the rich get richer…without you,” Kiyosaki urged his followers.
However, in the comments many followers disagreed with the financial expert, saying they believe that Bitcoin will “continue to help the poor, even at a price of 1 million and beyond” and “The Bitcoin price is fractionable and available for purchase by ALL.”
Bitcoin to $500,000: Kiyosaki
This week, the writer behind “Rich Dad Poor Dad” shared an unexpected prediction through AI, suggesting that the value of Bitcoin could reach a staggering $500,000 in the year 2025. Previously, he had hinted at even greater heights for BTC, estimating it would trade around $1 million by the year 2030.
According to Kiyosaki’s prediction, it is very probable that AI will significantly influence the financial markets, as suggested in an upcoming book titled “Money GPT,” which he mentioned is yet to be published.
Regarding the matter of purchasing and accumulating Bitcoins, Kiyosaki has acknowledged adopting a “strategic Bitcoin investment approach” similar to Michael Saylor’s, yet on a significantly smaller budget.
On a Friday, Bitcoin reached an all-time high of $98,745, but subsequently dropped nearly 2% during the night, currently being traded at around $96,880.
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2024-11-30 11:12