Robert Kiyosaki says FOMO is good as Bitcoin price nears $100,000

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

He believes that only the super-rich will be able to afford significant shares as BTC approaches $100,000.

Robert Kiyosaki warns: FOMO is key as Bitcoin approaches $100,000

In one current tweetRobert Kiyosaki emphasized his view that Bitcoin will soon surpass $100,000. He emphasized that once BTC reaches this price point, it will become increasingly difficult for the middle class to invest larger amounts. Kiyosaki argued that those who hold traditional fiat currencies such as the dollar, euro or yen will be losers as Bitcoin becomes accessible only to the super-rich.

Robert Kiyosaki has long been a critic of Fiat currencies and advocates for alternatives such as Bitcoin, gold and silver. He has always maintained that Bitcoin offers a way to protect wealth in a way that traditional currencies cannot. As Bitcoin price approaches new highs, Kiyosaki has advised those hesitant about Bitcoin to reconsider and embrace the “FOMO” mentality. He suggested that this fear of missing out could drive more investors into the cryptocurrency, which could benefit those who act early.

The author of “Rich Dad Poor Dad” emphasized:

“The horse will come out of the stable and run. Why? Once Bitcoin breaks $100,000, only the super-rich such as corporations, banks and sovereign wealth funds will be able to afford Bitcoin of any significance. FOMO is good. Don’t let them leave you behind!”

Kiyosaki criticizes Fiat savings

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

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

Kiyosaki added:

“Savers are losers… because cash is trash.” Bitcoin will soon break $100,000. Once Bitcoin crosses $100,000, it will be almost impossible for the poor and middle class to catch up.”

In addition to his commentary on Bitcoin price, Robert Kiyosaki praised Michael Saylor, the founder of MicroStrategy, for his Bitcoin strategy. Kiyosaki called Saylor a “genius” for using the company’s funds to purchase billions of dollars worth of Bitcoin. He believes Saylor’s approach has strengthened MicroStrategy’s balance sheet.

At press time, Bitcoin is trading at around $96,400, having recently recovered from a low of $91,000 earlier in the week. The cryptocurrency has shown strong resilience, and analysts are predicting one BTC rally heading Soon to be $100,000.

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Ronny Mugendi

Ronny Mugendi is an experienced crypto journalist with four years of professional experience who has contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media, he aims to inform, educate and introduce more people to the blockchain and DeFi world. Outside of his career as a journalist, Ronny enjoys the thrill of cycling and exploring new trails 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. The author or publication assumes no responsibility for your personal financial loss.