As Bitcoin Nears $100,000: “Don’t Be Left Behind,” Robert Kiyosaki Says

Quick Summary:

Whale Moves Signal Big Rally Ahead In an X post, he urged people to diversify their assets and invest in alternatives such as Bitcoin, claiming that government monetary policies and inflation will continue to "erode the purchasing power of traditional currencies.” He pointed out that today is the right time to invest in BTC because once the coin breaches the $100,000 milestone, it will be nearly impossible for most people to get hold of it.

Related Reading: Hoskinson’s Bold BTC Forecast: $500K Fueled By DeFi And Global Interest Bitcoin: The Challenge To Invest Kiyosaki warned that once Bitcoin surpassed the $100,000 level, it would be challenging for the middle class to invest significant amounts in the firstborn crypto, urging them to invest now that the digital currency is still below the said level.

Fiat Savings Not Good The author dispelled people from saving, saying that savers are losers” because, in his opinion, "cash is trash.” Kiyosaki explained that holding Bitcoin is better than saving in cash because traditional fiat currencies have to contend with inflation which reduces its value over time.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Bitcoin Btc FOMO Bitcoin Kiyosaki Crypto Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 00:00:18 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23992737

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