U.Today – Robert Kiyosaki, an investor and VC capitalist widely known as the author of the best-selling book on financial literacy, “Rich Dad Poor Dad,'' expects to finally break through the $100,000 resistance level soon. And so will the average investor who shares his view of the aftermath.
“Bitcoin will soon surpass $100,000” What will happen then?
Kiyosaki published a lengthy X post in which he reminded the community that he owns and continues to buy three safe-haven assets: gold, silver, and Bitcoin. Citing the aforementioned book, he believes that people who hoard fiat currency will end up poorer because “cash is trash.”
So, Kiyosaki says, “the rich are going to get even richer” as he predicts Bitcoin will soon top $100,000. What will happen to the poor and middle class then? A leading financial expert says that if BTC soars above $100,000, “it will be nearly impossible for the poor and middle class to catch up.”
According to Kiyosaki, as soon as the price spikes, Bitcoin will only be available for purchase by the very wealthy, such as “corporations, banks, and sovereign wealth funds.”
He tweeted that FOMO (fear of missing out) is a good thing before Bitcoin left $100,000. “Don't let the rich get richer without you,” Kiyosaki urged his followers.
However, in the comments, many followers disagreed with this financial expert and believed that Bitcoin “continues to help the poor even at prices above 1 million”, “The price of Bitcoin is a fraction Anyone can purchase it.”
Bitcoin reaches $500,000: Kiyosaki
Earlier this week, the author of “Rich Dad Poor Dad” revealed that after consulting AI, Bitcoin will soar to $500,000 by 2025. He has previously made similar predictions, saying he expects BTC to trade at $1 million by 2030.
Kiyosaki said this would be very likely due to the impact AI will have on financial markets, citing another author's book called “Money GPT,” which Kiyosaki claims will be published soon.
When it comes to buying and saving Bitcoin, Kiyosaki recently admitted that he follows Michael Saylor's “Tactical Bitcoin Investment Plan,” but on a much smaller financial scale.
On Friday, Bitcoin peaked at $98,745, but has since fallen almost 2% overnight and is currently sitting at $96,880.
This article was originally published on U.Today
