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CATEGORY: robert kiyosaki news


Nov 21, 2024 03:35

Bitcoin: Rich Dad Poor Dad Author Shares Tip on Becoming a Millionaire with BTC

Robert Kiyosaki, author of Rich Dad Poor Dad, endorses Bitcoin as a transformative investment opportunity that can help people secure financial success.The American businessman and author took to X to reflect on a bold prediction from MicroStrategy executive chairman Michael Saylor, who, in September, set a target of $13 million for Bitcoin.As reported earlier, Saylor predicted that Bitcoin would trade at $13 million over the next 21 years, specifically by 2045. Saylor expects Bitcoin to experience strong demand within this timeframe, capturing 7% of the global capital.Two months after this prediction, Kiyosaki emphasized that he agreed with it, describing Saylor as one smart boy.How to Become a Millionaire Via BTC Furthermore, he suggested that investors who acquire a fraction of Bitcoin at $90,000 can become millionaires when BTC hits $13 million in 2045, as Saylor projected. Specifically, he mentioned that Bitcoin was trading at $90,000 at the time of the post. The financial guru indicated that investors could acquire 0.1 BTC for $9,000, automatically making them millionaires if Saylors prediction comes to fruition.At a target of $13 million, a portfolio of 0.1 BTC would be valued at $1.3 million, representing an ROI of 144,344%. Kiyosaki Slams Conventional Approach to Building Wealth He contrasted the Bitcoin investment decision with obtaining a $50,000 student loan. He argued that the latter only rewards the borrower with a flimsy MBA after studying for several years. Conclusively, he encouraged his 2.6 million X followers to make smart investment decisions by investing in Bitcoin. His remark portrays Bitcoin as a wealth-building tool compared to the conventional approach, which requires pursuing academic success before achieving financial stability.His Support for Bitcoin  Kiyosaki has been one of the major Bitcoin advocates, promoting the asset as a hedge against economic uncertainties. Earlier this year, he revealed that his decision to invest in Bitcoin rather than stocks was to prevent the U.S. Federal Reserve and Wall Street from orchestrating mechanisms like inflation and market manipulation to siphon wealth from the public. In August, he drummed support for U.S. President-Elect Donald Trump, describing his pro-Bitcoin stance as financial wisdom. His recent comment follows Bitcoins surge to a new all-time high of $94,339. Bitcoin is priced at $94,305 at press time, marking a surge of 2.42% over the past 24 hours. Bitcoin 1D Chart

Jan 03, 2025 03:35

Rich Dad Poor Dad Author Robert Kiyosaki Says Bitcoin Made Him Rich

Robert Kiyosaki, financial guru and author of the Rich Dad Poor Dad finance book, reveals that the pioneering cryptocurrency Bitcoin made him rich.The millionaire author has lived an affluent life since his financial materials came to the limelight. However, he mentioned that Bitcoin and a few other assets contributed immensely to his current very rich status.Kiyosaki Lauds Investment Advice from Warren BuffetIn the New Year's Day tweet, Kiyosaki praised financial moguls Warren Buffet and Charlie Munger for crucial investment advice. He noted that although they failed to see the good in Bitcoin in its nascent stage, their advice to study, know, and understand what you invest in was applaudable.The high-ranking investor implied that he overlooked Buffet and Mungers rat droppings branding for Bitcoin and studied the asset. He disclosed that he passionately followed and listened to people who were more resourced than he was in matters relating to Bitcoin.Eventually, the adoption of Bitcoin became part of his success story, as he became wealthy by holding the asset. Meanwhile, he mentioned that Bitcoin was not the asset that birthed his wealth status; his gold, real estate, and silver investments also paid off immensely.Author Plans to Get Richer with BitcoinNotwithstanding his magnificent portfolio, Kiyosaki revealed he plans to get richer with Bitcoin. He expects his bet on the asset to keep yielding results as it nears mainstream adoption.Moreover, his statement mirrors his bullish Bitcoin speculations. For context, Kiyosaki asserted in September that Bitcoin will hit $500,000 this year and $1 million before the end of this decade.Notably, Kiyosaki is very big on Bitcoin. He recently stated that he will keep acquiring Bitcoin because it will continue appreciating. Meanwhile, he gave a milder Bitcoin target in the commentary, predicting a surge to $350,000 per coin before this years end.If Kiyosakis assertion are anything to go by, Bitcoin will surge over 263% from its current price of $96,200 to attain the target.

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