Robert Kiyosaki, author of Rich Dad Poor Dad, has sparked discussion about Bitcoin’s potential to reach new heights. In a recent post, he stated that FOMO (Fear of Missing Out) could benefit investors as Bitcoin price approaches the $100,000 mark. Kiyosaki, a strong advocate for alternative assets like gold, silver, and Bitcoin, warned that holders of traditional fiat currencies risk missing out. 

He believes that as BTC nears the $100,000 milestone, only the ultra-wealthy will be able to afford significant holdings.

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 has long been a critic of fiat currencies and advocates for alternatives like Bitcoin, gold, and silver. He has been consistent in his stance that Bitcoin offers an opportunity to protect wealth in a way that traditional currencies cannot. With Bitcoin price approaching new highs, Kiyosaki has advised those hesitant about Bitcoin to reconsider and embrace the “FOMO” mentality. He suggested that this fear of missing out could drive more investors toward the crypto, benefiting those who act early.

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!”

Kiyosaki Criticizes Fiat Savings

According to Robert Kiyosaki, those who save in cash or hold fiat currencies are “losers,” as he calls them, due to the devaluation brought on by inflation. He reiterated this message in his recent posts, where he underscored the importance of diversifying into assets like Bitcoin. His argument rests on the view that inflation and government monetary policies will continue to erode the purchasing power of traditional currencies.

As the Bitcoin price continues to rise, he forecasts that it will soon reach $100,000 and beyond. He pointed out that once this milestone is achieved, it will be almost impossible for most people to catch up.

Kiyosaki added, 

“Savers are losers…because cash is trash. Bitcoin will soon break $100,000. Once Bitcoin passes $100,000 it will be almost impossible for the poor and middle class to catch up.”

In addition to his commentary on the Bitcoin price, Robert Kiyosaki praised Michael Saylor, the founder of MicroStrategy, for his Bitcoin strategy. Kiyosaki referred to Saylor as a “genius” for utilizing the company’s treasury to purchase billions of dollars worth of Bitcoin. He believes that Saylor’s approach strengthened MicroStrategy’s balance sheet.

At press time, Bitcoin is trading at around $96,400, following a recent rebound from a low of $91,000 earlier in the week. The cryptocurrency has shown strong resilience, with analysts predicting a BTC rally toward $100,000 soon.

The post Robert Kiyosaki Says FOMO Is Good As Bitcoin Price Nears $100,000 Mark appeared first on CoinGape.

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Filed under: News - @ November 30, 2024 2:11 am