R. Kiyosaki predicts what will happen after Bitcoin hits $100,000
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As Bitcoin (BTC) lingers below the $100,000 mark, financial educator and author Robert Kiyosaki has predicted a possible shift in the asset’s ownership once the six-figure milestone is attained. Kiyosaki, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ believes that if this record high is achieved, it will be almost impossible for the average person to catch up, as he said in an X post on November 30. According to Kiyosaki, the real shift will occur once Bitcoin reaches $100,000. At that point, only the ultra-wealthy will have the financial power to acquire significant amounts of the maiden digital asset. He warned that the rich will get richer while the poor and middle class will fall further behind in such an environment. To this end, Kiyosaki stressed the importance of ‘Fear of Missing Out’ (FOMO), urging investors to act before the asset becomes more expensive. “The people who save Gold, Silver. Bitcoin. I own all three financial assets.<…> 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,” he said. While Kiyosaki is advocating for FOMO, this psychological effect can lead to poor financial decisions, such as spending beyond one’s means or making impulsive choices, potentially resulting in losses, especially if Bitcoin doesn’t perform as expected. Kiyosaki’s Bitcoin price prediction Notably, in anticipation of Bitcoin’s price growth, Kiyosaki has made a bold prediction, noting that the asset could reach a valuation of $500,000 by 2025. However, he clarified that this forecast comes from an unnamed artificial intelligence (AI) platform, not his analysis. Kiyosaki had previously forecasted that Bitcoin would hit $300,000 in 2024. Overall, the financial educator has maintained that Bitcoin is an ideal asset…
Filed under: News - @ November 30, 2024 11:27 am