As Bitcoin reached $96,000 today, personal finance book author and cryptocurrency expert Robert Kiyosaki predicted it may hit $100,000 soon.
Kiyosaki’s Urgent Advice
Kiyosaki warned that FOMO (fear of missing out) might push investors to buy Bitcoin before it reaches $100,000. He urged the middle class to invest now, as it would become increasingly difficult for them to invest large sums in Bitcoin once it hits this milestone.
“Once Bitcoin passes $100,000, it will be almost impossible for the poor and middle class to catch up,” Kiyosaki stated.
The Wealth Gap and Bitcoin
According to Kiyosaki, once Bitcoin becomes accessible primarily to the ultra-wealthy, holders of traditional fiat currencies like the dollar, euro, and yen will lose out. Kiyosaki, an advocate for gold, silver, and Bitcoin, emphasized that if BTC crosses $100,000, “only the ultra-rich such as corporations, banks, and sovereign wealth funds will be able to afford Bitcoin of any consequence.”
The Case for Bitcoin Over Cash
Since supporting Bitcoin investments, Kiyosaki believes it can better preserve wealth than conventional currencies. He advised middle-class investors to embrace FOMO as BTC nears a new all-time high.
“FOMO is nice. Never fall behind,” he said.
Kiyosaki explained that the fear of missing out on Bitcoin might motivate individuals to buy so they can benefit from its rise. He also called savers losers, stating that “cash is trash” due to the devaluation of fiat currencies through inflation.
Diversify and Invest in Bitcoin
Kiyosaki urged X users to diversify their assets and invest in Bitcoin, arguing that government monetary policies and inflation would “erode the purchasing power of traditional currencies.” He recommended investing in BTC now, as after it crosses $100,000, most people would find it unaffordable.
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Bitcoin Nears $100,000: “Don’t Be Left Behind,” Robert Kiyosaki says was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.