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

Christian Encila

6 months ago

3 mins read

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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.

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.

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

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.