Aside from the potential to turn HODLers into millionaires, the renowned author perceives BTC as a hedge against inflation and the economic crisis in the United States.
The Author of “Rich Dad Poor Dad” Robert Kiyosaki believes that investing in Bitcoin (BTC) is the easiest way for one to become a millionaire. The diehard Bitcoin advocate analyzed the “hardwork” involved in running a business as an entrepreneur. He highlighted the fact that a person would need to be really smart, dedicated, and lucky to become a millionaire in this case.
However, he claimed to circumvent this “hardwork”, one just has to adopt saving in Bitcoin. For this reason, the author admitted to loving the firstborn cryptocurrency.
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
Robert Kiyosaki Picks Bitcoin Over Traditional Assets
Quite a number of Kiyosaki’s X followers agree with his stance on the flagship cryptocurrency. An X user mentioned that one feature of Bitcoin that is generally overlooked is its decentralized and secured nature.
“Its transaction ledger is immutable, meaning it cannot be altered or tampered with,” the X user added.
Game of Trades, a data-driven investment research entity, also outlined Bitcoin’s long-term potential. It pointed out that Bitcoin has remained an undervalued asset, particularly in times of increasing currency debasement.
Noteworthy, Kiyosaki’s post highlights the potential of cryptocurrencies over several traditional investments like gold and silver.
He once condemned the conventional model of earning money from regular jobs, citing that the value of money earned this way was designed to be stolen through taxes and inflation. In his defense, Kiyosaki lauded cash flow assets like rental properties, oil, and food production as a better way to earn “tax-free money.”
Bitcoin Against United States Inflation and Economic Challenges
Aside from the potential to turn HODLers into millionaires, the renowned author perceives BTC as a hedge against inflation and the economic crisis in the United States.
Kiyosaki reckons that the US market collapse could be so big that it may deteriorate into a war, leaving Bitcoin as the only way for people to protect themselves from the accompanying economic challenges. He casted blame on President Biden, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them the three stooges.
Robert Kiyosaki is very optimistic on Bitcoin’s potential as a financial instrument. At the time of this writing, Bitcoin was trading at $67,348.40 with a 3% decrease within the last 24 hours. However, the businessman sees the possibility of its price reaching $100,000 by the end of June. More daring, a few weeks after his $100,000 prediction, Kiyosaki forecasted that Bitcoin could hit $300,000 per coin by the end of 2024.
“BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop is $300,000 per BTC in 2024,” the financial expert said in one of his rants on X.
Bitcoin is also touted as an alternative to the impending collapse of the United States dollar. Kiyosaki cited the threat emerging from BRICS nations who are reportedly working on an alternative currency for cross-border settlements.
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