Robert Kiyosaki calls Bitcoin the easiest way to become a millionaire, citing its potential over traditional investments amid currency debasement.
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has again taken to X to advocate for Bitcoin as the simplest route to becoming a millionaire. Kiyosaki emphasized the challenges of entrepreneurship, noting that it requires intelligence, dedication, and a bit of luck.
BITCOIN is the easiest way to become a millionaire. Making millions as an entrepreneur is hard. I know. You have to be really smart, dedicated, and lucky to become a millionaire starting your own business. I save Bitcoin because Bitcoin does the hardwork
for me. That is why I…— Robert Kiyosaki (@theRealKiyosaki) June 11, 2024
In contrast, he believes Bitcoin offers a more straightforward path. According to him, he prefers the firstborn cryptocurrency because it carries out all the effort and hard work he would have put in through entrepreneurship. He noted that this singular reason is why he loves Bitcoin.
Endorsements and Market Insights
In response to Kiyosaki’s post, Game of Trades, a data-driven investment research entity, highlighted Bitcoin’s long-term potential. It pointed out that, especially in times of increasing currency debasement, Bitcoin remains an undervalued asset. Their Quant Model analysis supports this view, suggesting that the current market conditions are favorable for Bitcoin investment.
Khalil Zibara also chimed in, praising Kiyosaki’s shift towards Bitcoin over traditional assets like gold and silver. Zibara asserted that in this decade, Bitcoin will surpass gold as the ultimate hedge against inflation, welcoming Kiyosaki to what he terms the “new world.”
Notably, as of today, Bitcoin is priced at $67,834, experiencing a slight decline of 2.47% over the past 24 hours and 1.50% over the past week. Despite these fluctuations, Bitcoin’s market cap stands robust at approximately $1.34 trillion.
Future Projections by Kiyosaki
Kiyosaki’s recent advocacy for Bitcoin follows his previous statements made in March, where he urged investors to consider Bitcoin for their portfolios, even in small amounts. Predicting a rally to $300,000, he advised starting with investments as modest as $500, emphasizing the urgency to engage with Bitcoin before it becomes more expensive.
In January, Kiyosaki elaborated on his preference for Bitcoin over traditional stocks and bonds. He criticized key figures in the U.S. financial ecosystem, including Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen, accusing them of facilitating wealth erosion through inflation and market manipulation.
Kiyosaki underscored Bitcoin’s role as a protective measure against these systemic issues, advocating for its use to safeguard wealth from traditional financial mechanisms.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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