- Rich Dad Poor Dad author Robert Kiyosaki points out that “Fear of Missing Out (FOMO)” investors could end up creating generational wealth with Bitcoin.
- However, he believes that those who are afraid of making mistakes could miss out if history is anything to go by.
Popular American Author Robert Kiyosaki hints that Bitcoin is on course to reward people with generational wealth. According to him, poor people would certainly miss out due to what he termed as the Fear of Making Mistakes (FOMM).
Details of the Story
Speaking to his 2.7 million followers on X, the “Rich Dad Poor Dad” author highlighted how Bitcoin presents the “biggest opportunity in history” for everyone to become rich. However, he explained that only the Fear of Missing Out (FOMO) crowd would succeed.
The biggest opportunity in history is here…BITCOIN has made it easy for everyone to become rich…..Yet most people with FOMM will miss one of the greatest wealth creations in history. If history is any indicator, the FOMO crowd investing in Bitcoin will accelerate into generational wealth. If history is any indicator, the FOMM crowd will wait till Bitcoin passes $200,000 this year and say ‘Bitcoin is too expensive.’
Fascinatingly, this comes after Kiyosaki disclosed that he would be selling gold and silver to buy more Bitcoin. In one of his recent appearances on his YouTube channel, the best-selling author predicted that Bitcoin could hit $250k this year. Meanwhile, he had predicted in 2024 that Bitcoin would finish the year at $300k, as examined in our previous analysis.
Speaking on the impact of macroeconomic factors on the Bitcoin price, Kiyosaki first pointed out that America has now become the biggest debtor nation in history. However, there has been no discussion on how this is going to be handled. To mitigate any future impacts, he has, over the years, accumulated silver and gold.
But now I’m taking all my silver and gold and converting to Bitcoin.
According to Kiyosaki, the significant shift from “fake money” to crypto is the biggest change in the world’s history.
Previous Position of Robert Kiyosaki on Bitcoin
Earlier this month, Kiyosaki called on his followers to safeguard their wealth from an upcoming market crash by investing in Bitcoin, gold, and silver. According to him, investing in traditional investments like pensions and government-backed assets could be unreliable at times.
The Rich Dad Poor Dad author also disclosed that the first generation to depend on the Defined Contribution (DC) pension plan is very vulnerable. His reason is that the DC is designed to provide only what was contributed. To him, these funds could disappear in a downturn.
Prior to this, Kiyosaki had branded Bitcoin sellers as losers over their lack of trust in US President Donald Trump. As outlined in our recent blog post, he believes that those who bought the asset during the latest dip could emerge as winners.
At press time, Bitcoin was trading at $86k after declining by 0.83%. According to our recent analysis, the asset could stage a rebound to set a new all-time-high price record in the coming months.
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