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Cryptopolitan 2024-11-30 18:44:22

Robert Kiyosaki warns that Bitcoin at $100,000 will be reserved for the ultra-rich

Robert Kiyosaki, like many others, predicts Bitcoin will soon exceed $100,000 and warns that only the ultra-rich will be able to own it as its value rises. He promotes Bitcoin as a safe investment, alongside gold and silver, and advises against saving cash in traditional ways. Robert Kiyosaki believes that saving money the old way will cause people to lose wealth over time and it’s not a better way to get rich. He adds that investing in tangible assets like Bitcoin is a better way to protect and grow one’s wealth. In an X post , Kiyosaki warned that once Bitcoin surpasses $100,000, the average and middle-class person will find it difficult to get involved in the crypto market. He believes that the ultra-rich, banks, and sovereign wealth funds will definitely dominate Bitcoin ownership as its price increases. Kiyosaki’s warning has created different opinions. Many of his followers on X disagreed with his statement, saying that Bitcoin is decentralized and can be bought in small fractions, and it will be accessible to anyone, no matter their wealth position. They even argued if Bitcoin hits $1 million, people can still invest in it with smaller amounts. Kiyosaki’s investment plan De spite his warnings, Kiyosaki revealed he plans to continue purchasing Bitcoin until it breaks the $100,000 barrier. The Rich Dad Poor Dad author shared his belief in the importance of owning safe assets like gold, silver, and Bitcoin, adding that holding cash is not a wise strategy today. He stated “Cash is trash,” a reminder to not rely on traditional currencies like the dollar or euro. Kiyosaki’s recent remarks on Bitcoin’s future come as the coin sees a 154% increase on a year-to-date and a 35% jump in the past month alone. Once Bitcoin surpasses $100,000, he stated that he will stop buying, to caution against greedy. Robert Kiyosaki’s strategy is to buy assets when prices are low and sell them once their value increases – something traders will refer to as “long-term value rather than short-term speculation.” The American businessman isn’t the only one predicting big things for Bitcoin. Michael Saylor, CEO of MicroStrategy, predicts that Bitcoin could hit $500,000 by 2025 and even reach over $1 million by 2030. Kiyosaki believes Bitcoin could go as high as $13 million per coin in the next decade. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

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