The author of Rich Dad, Poor Dad defends Bitcoin as the easiest way to become a millionaire

Robert Kiyosaki calls Bitcoin the easiest way to become a millionaire, citing its potential over traditional investments amid currency devaluation.

Robert Kiyosaki, author of “Rich Dad, Poor Dad”, turned to X again to defend Bitcoin as the simplest path to becoming a millionaire. Kiyosaki emphasized the challenges of entrepreneurship, remembering that it requires intelligence, dedication and a little luck.

In contrast, he believes Bitcoin offers a more direct path. According to him, he prefers the first-born cryptocurrency because it carries out all the effort and work that he would have done in 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. He highlighted that, especially in times of increasing currency devaluation, Bitcoin continues to be an undervalued asset. Quant model analysis supports this view, suggesting that current market conditions are favorable for investing in Bitcoin.

Khalil Zibara also chimed in, praising Kiyosaki’s move towards Bitcoin instead of traditional assets like gold and silver. Zibara stated that this decade Bitcoin will overtake gold as the ultimate hedge against inflation, welcoming Kiyosaki to what he calls a “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 remains robust at approximately $1.34 trillion.

– Announcement –

Kiyosaki’s Future Projections

Kiyosaki’s recent advocacy for Bitcoin follows his previous statements done in March where he encouraged investors to consider Bitcoin in their portfolios, even in small amounts. Predicting a rally to $300,000, he advised starting with investments as modest as $500, emphasizing the urgency of getting involved with Bitcoin before it becomes more expensive.

In January, Kiyosaki elaborate in his preference for Bitcoin over traditional stocks and bonds. He criticized key figures in the US financial ecosystem, including Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen, accusing them of facilitating the erosion of wealth through inflation and market manipulation.

Kiyosaki highlighted the role of Bitcoin as a protective measure against these systemic issues, advocating its use to safeguard wealth from traditional financial mechanisms.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

-Announcement-

Fuente