Robert Kiyosaki, a well-known author of personal finance books, agrees with many cryptocurrency analysts that Bitcoin could reach $100,000 soon. Kiyosaki believes that the fear of missing out (FOMO) can be a positive force driving investors to buy Bitcoin before it hits the $100,000 mark. Once Bitcoin surpasses $100,000, it will be difficult for the middle class to invest significantly in the cryptocurrency, making it accessible only to the ultra-wealthy. Kiyosaki advocates for alternatives to fiat currencies, such as gold, silver, and Bitcoin, and warns that those who save dollars, pesos, yen, euros, and loonies will become poorer. He urges people to diversify their assets and invest in alternatives like Bitcoin, as government monetary policies and inflation will erode the purchasing power of traditional currencies. Kiyosaki believes that today is the right time to invest in Bitcoin, as it will be nearly impossible for most people to get hold of it once it breaches the $100,000 milestone. As of the latest update, Bitcoin is being traded at $96,722 per coin, with a total market capitalization of $1.9 trillion. Kiyosaki's stance on Bitcoin investment is based on his belief that holding the cryptocurrency is better than saving in cash, as traditional fiat currencies lose value over time due to inflation. By investing in Bitcoin, individuals can protect their wealth more effectively than by saving in traditional currencies. Kiyosaki's advice to embrace FOMO and invest in Bitcoin before it reaches $100,000 reflects his optimism about the cryptocurrency's future value and potential for wealth creation.
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