Robert Kiyosaki, author of Rich Dad Poor Dad, has sparked the debate about Bitcoin’s potential to reach new heights. In a recent post, he noted that FOMO (Fear of Missing Out) could benefit investors as the Bitcoin price approaches the $100,000 mark. Kiyosaki, a strong proponent of alternative assets such as gold, silver and Bitcoin, warned that holders of traditional fiat currencies face the risk of loss.

He believes that only the ultra-rich will be able to purchase significant amounts of assets as BTC approaches the $100,000 milestone.

Robert Kiyosaki Warns: FOMO Matters as Bitcoin Approaches $100K

One last tweetRobert Kiyosaki emphasized his view that Bitcoin will soon surpass the $100,000 mark. He emphasized that once BTC reaches this price point, it will become increasingly difficult for the middle class to invest significant amounts. Kiyosaki argued that those who hold traditional fiat currencies such as the dollar, euro or yen stand to lose as Bitcoin becomes more accessible only to the ultra-rich.

Robert Kiyosaki has been a long-time critic. fiat currencies and advocates for alternatives such as Bitcoin, gold and silver. He has been consistent in his stance that Bitcoin offers the opportunity to preserve wealth in a way that traditional currencies cannot. As Bitcoin price approaches new highs, Kiyosaki advised those hesitant about Bitcoin to rethink and embrace the “FOMO” mentality. He suggested that fear of missing out could drive more investors into crypto and benefit early movers.

The Rich Dad Poor Dad author emphasized that:

“The horse will come out of the barn and run. From where? Once Bitcoin surpasses $100,000, only the ultra-rich, such as corporations, banks, and sovereign wealth funds, will be able to purchase Bitcoin by any means necessary. FOMO is good. Don’t get left behind!”

Kiyosaki Criticizes Fiat’s Savings

According to Robert Kiyosaki, those who save in cash or hold fiat currencies are, in his words, “losers” due to the devaluation brought about by inflation. He reiterated this message in recent posts where he emphasized the importance of diving into assets like Bitcoin. His argument is based on the view that inflation and government monetary policies will continue to erode the purchasing power of traditional currencies.

As Bitcoin price continues to rise, he predicts it will soon reach $100,000 and beyond. He noted that once this milestone is reached, it will be nearly impossible for most people to catch up.

Kiyosaki added,

“Those who save are losers… because cash is garbage. Bitcoin will break $100,000 soon. “Once Bitcoin exceeds $100,000, it will be nearly impossible for the poor and middle class to catch up.”

Robert Kiyosaki, as well as his comment on the Bitcoin price praised Michael Saylor, Founder of MicroStrategy for his Bitcoin strategy. Kiyosaki called Saylor a “genius” who used the company’s treasury to buy billions of dollars worth of Bitcoin. He believes Saylor’s approach has strengthened MicroStrategy’s bottom line.

At the time of writing, Bitcoin is trading around $96,400 following a recent recovery from the early week low of $91,000. The cryptocurrency showed strong resistance as analysts predicted. BTC is on the rise Soon $100,000.

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Ronny Mugendi

Ronny Mugendi is an experienced crypto journalist with four years of professional experience who has made significant contributions to various media outlets on cryptocurrency trends and technologies. With more than 4000 articles published in various media outlets, it aims to inform, educate and introduce more people to the world of Blockchain and DeFi. Outside of his journalism career, Ronny enjoys the excitement of cycling and discovering new roads and landscapes.

Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.