Fun

As Bitcoin Nears $100,000: “Don’t Be Left Behind,” Robert Kiyosaki Says

News Feed - 2024-12-01 09:12:18

Este artículo también está disponible en español.


A known personal finance book author joined many cryptocurrency analysts in saying that Bitcoin could hit $100,000 anytime soon as the crypto reached the $96,000 mark today.


American author Robert Kiyosaki made a controversial stand after commenting that the psychological phenomenon of the fear of missing out (FOMO) can be a positive driving force that will push investors to buy the top crypto before it reaches the $100,000 level. Related Reading Hoskinson’s Bold Bitcoin Forecast: $500K Fueled By DeFi And Global Interest 1 day ago Bitcoin: The Challenge To Invest


Kiyosaki warned that once Bitcoin surpassed the $100,000 level, it would be challenging for the middle class to invest significant amounts in the firstborn crypto, urging them to invest now that the digital currency is still below the said level.


“Once Bitcoin passes $100,000 it will be almost impossible for the poor and middle class to catch up,” Kiyosaki said.


The American author explained that once Bitcoin becomes more accessible only to the ultra-wealthy, holders of traditional fiat currencies such as the dollar, euro, and yen will lose out.


Kiyosaki, who is an advocate of alternatives to fiat currencies such as gold, silver, and Bitcoin, argued that if BTC breaks the $100,000 level, “only the ultra-rich such as corporations, banks, and sovereign wealth funds will be able to afford Bitcoin of any consequence.” 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 Embracing FOMO


Ever since Kiyosaki has been promoting investment in Bitcoin, he believed that the crypto offers an opportunity to better protect wealth than the traditional currencies.


Now that BTC is nearing a new all-time high, Kiyosaki urged people like those in the middle class to invest in Bitcoin, saying that if they are hesitant, they can embrace the FOMO mentality. “FOMO is good. Don’t be left behind!” he added.


He explained that the fear of missing out on the Bitcoin opportunity could pull people to invest in the crypto so they could benefit when the coin reaches new heights. Bitcoin is currently trading at $96.295. Chart: TradingView Fiat Savings Not Good


The author dispelled people from saving, saying that ‘savers are losers” because, in his opinion, “cash is trash.”


Kiyosaki explained that holding Bitcoin is better than saving in cash because traditional fiat currencies have to contend with inflation which reduces its value over time. Related Reading Is $10 Within Reach For Cardano? Whale Moves Signal Big Rally Ahead 23 hours ago


In an X post, he urged people to diversify their assets and invest in alternatives such as Bitcoin, claiming that government monetary policies and inflation will continue to “erode the purchasing power of traditional currencies.”


He pointed out that today is the right time to invest in BTC because once the coin breaches the $100,000 milestone, it will be nearly impossible for most people to get hold of it.


As of press time, BTC is being traded at $96,722 per coin, with a total market capitalization of $1.9 trillion.


Featured image from Pexels, chart from TradingView

News Feed

Telegram Introduces No-SIM Sign-ups With Blockchain-Powered Numbers
Telegram Introduces No-SIM Sign-ups With Blockchain-Powered Numbers Popular messenger Telegram now allows users to open accounts without the need to provide their mobile phone numb
Analyst Explains Reason Behind Tron Price Sluggishness — Are TRX Bears Now In Control?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
How to trade Bitcoin during the halving period?
Shailey Singh2 hours agoHow to trade Bitcoin during the halving period?Explore the dynamics of Bitcoin halving and its historical impact on price trends while preparing for the upcoming 2024 halving.1802 Total views9 Tot
Bitcoin Under Threat? Analyst Explores Two Bearish Black Swan Scenarios to Watch
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Shapeshift to Dissolve Corporate Model, Platform Airdrops FOX Tokens to Community of Users
Shapeshift to Dissolve Corporate Model, Platform Airdrops FOX Tokens to Community of Users Founded on July 1, 2014, Shapeshift has been offering global trading o
Rise of the Underdog, Securypto Takes off as Investors Scramble To Get on Board
Rise of the Underdog, Securypto Takes off as Investors Scramble To Get on BoardThe time of ICO’s seems behind us and many blockchain projects have fallen off the grid but one
‘Noxious Poison’ – Bitcoin’s Market Cap Surpasses Warren Buffet’s Berkshire Hathaway Valuation
"Noxious Poison" - Bitcoin"s Market Cap Surpasses Warren Buffet"s Berkshire Hathaway Valuation For many years, the business tycoon Warren Buffet has condemned bi
Singapore’s Largest Bank DBS Sees Rapid Growth in Crypto Business, Robust Demand From Investors
Singapore"s Largest Bank DBS Sees Rapid Growth in Crypto Business, Robust Demand From Investors DBS Group Holdings, the largest bank in Singapore and Southeast Asia, says its crypt
Brayden Lindrea19 hours agoFake Ledger Live app sneaks into Microsoft’s app store, $588K stolenThe $588,000 was stolen across 38 transactions, with the largest transfer totaling $81,200.23329 Total views124 Total share
History Associates joins Coinbase in FDIC legal battle
Amaka Nwaokocha34 minutes agoHistory Associates joins Coinbase in FDIC legal battleThe History Associates suit aims to hold the FDIC and other regulatory agencies accountable for their actions and ensure transparency in
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will "Respond Forcefully" to High Inflation Goldman Sachs’ economists now see an increased risk of a U.S.
Bitcoin investment fund opens doors to EU citizenship
Ezra Reguerra11 hours agoBitcoin investment fund opens doors to EU citizenshipA new fund offers a way to gain citizenship in Portugal by indirectly investing over $500,000 into Bitcoin.3407 Total views4 Total sharesListe