‘Rich Dad Poor Dad’ Author Predicts Bitcoin Price Will Hit $100K Soon
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Highlights:
- Kiyosaki warned that Bitcoin’s price would soon hit $100k, making it harder for the middle class to invest.
- He supports Bitcoin, gold, and silver as protection against inflation and the devaluation of fiat currencies.
- Kiyosaki predicts Bitcoin will hit $500,000 by next year, with $1 million possible by 2030.
In a recent tweet, Robert Kiyosaki, author of Rich Dad Poor Dad, highlighted his view that Bitcoin (BTC) will soon surpass the $100,000 mark. He highlighted that it will be harder for the middle class to invest significantly once BTC reaches this price. Kiyosaki warned that holders of traditional fiat currencies, like the euro, yen, or dollar, will miss out as BTC becomes more accessible only to the ultra-wealthy.
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Robert Kiyosaki has always criticized fiat currencies and supports alternatives like Bitcoin, gold, and silver. He believes Bitcoin can protect wealth in a way that traditional currencies can’t. As Bitcoin’s price rises, Kiyosaki advises those unsure about it to reconsider. He urges investors to embrace the “FOMO” (Fear of Missing Out) mindset, believing it could lead more people to Bitcoin before its price rises further.
The Rich Dad Poor Dad author emphasized:
“The horse will be out of the barn and running. Why? Once Bitcoin breaks $100,000 only the ultra-rich such as corporations, banks, and sovereign wealth funds will be able to afford Bitcoin of any consequence. FOMO is good. Don’t be left behind!”
Many followers disagreed with the financial expert in the comments. They believe Bitcoin will “continue to help the poor, even at a price of 1 million and beyond.” Others pointed out, “The Bitcoin price is fractionable and available for purchase by ALL.”
THE RICH WILL GET RICHER:
Q: WHO WiLL BE RICHER?
A: The people who save Gold, Silver. Bitcoin. I own all three financial assets.Q: WhO WILL BE POORER?
A: The people who save dollars, Pesos, Yen, Euro, & Loonies.As I warned in Rich Dad Poor Dad
“Savers are losers…because…— Robert Kiyosaki (@theRealKiyosaki) November 29, 2024
Additionally, on-chain data from CryptoQuant predicts that Bitcoin price could hit $100K, potentially reaching up to $146,000 based on valuation.
Kiyosaki Criticizes Fiat Savings as Inflation Erodes Value
Robert Kiyosaki argues that those who save in cash or hold fiat currencies are “losers” because inflation devalues them. In his recent posts, he emphasized the importance of diversifying into assets like Bitcoin. He believes that inflation and government monetary policies will keep eroding the purchasing power of traditional currencies.
Kiyosaki Predicts Bitcoin Will Reach $500,000 by Next Year
Kiyosaki tweeted about the book about a week ago, describing it as “frightening.” He said the book predicts that “AI will shake up the world of money.” The book offers some good news, predicting that Bitcoin could reach $1 million per coin by 2030. Kiyosaki also expects Bitcoin to hit $500,000 by next year.
MOST IMPORTANT BOOK TODAY: Friend Jim Rickards sent me an Advanced Reador Copy of his soon to be released book MONEY GPT.
Plesse order a copy and study. It’s frightening because AI is going to shake up the world of money.
The good news is, Jim Rickard’s prediction means…
— Robert Kiyosaki (@theRealKiyosaki) September 21, 2024
As of writing, Bitcoin was trading at $96,761, showing a 0.70% increase in the last 24 hours.
‘I Save Bitcoin,’ Says Robert Kiyosaki
Financial expert Kiyosaki shared that he’s been “hiding real money” in gold and silver. He said he owns “tons of gold and silver” and began purchasing silver and gold mines in 1985. The investor reminded the audience that U.S. dollars are no longer backed by anything, referring to the removal of the gold standard. He explained that, in addition to gold and silver, he also invests in digital gold. “I save Bitcoin,” he stated.
WHO CARES? I watch in amusement as so called “experts” debate Gold vs Bitcoin. I was fortunate enough to realized “We The People” were being “F’d” by our own government in 1965.
In 1965, when I was 18 years old, I could see “copper” on the edge of our “silver” coins. Only 18…
— Robert Kiyosaki (@theRealKiyosaki) November 28, 2024
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