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Cryptocurrency News Articles

Robert Kiyosaki Predicts Bitcoin Will Soon Break $100,000, Says It Will Be Almost Impossible for the Poor and Middle Class to Catch Up

Nov 30, 2024 at 07:07 pm

Robert Kiyosaki, investor and VC capitalist, also widely known as the author of the best-selling book on financial literacy “Rich Dad Poor Dad,” expects Bitcoin

Robert Kiyosaki Predicts Bitcoin Will Soon Break $100,000, Says It Will Be Almost Impossible for the Poor and Middle Class to Catch Up

Robert Kiyosaki, investor and VC capitalist, also widely known as the author of the best-selling book on financial literacy “Rich Dad Poor Dad,” has shared his thoughts on what will happen to Bitcoin after it finally breaks above the $100,000 resistance.

In a recent tweet, Kiyosaki stated that “The rich will get richer” as Bitcoin is expected to break $100,000 soon. He went on to say that it will be almost impossible for the poor and middle class to catch up once BTC soars above $100,000.

According to Kiyosaki, as soon as the price surge occurs, Bitcoin will be affordable only to ultra-rich entities: “corporations, banks, and sovereign wealth funds.”

He tweeted that before Bitcoin has left $100,000 behind, FOMO (fear of missing out) is good. “Don’t let the rich get richer…without you,” Kiyosaki urged his followers.

However, in the comments many followers disagreed with the financial expert, saying they believe that Bitcoin will “continue to help the poor, even at a price of 1 million and beyond” and “The Bitcoin price is fractionable and available for purchase by ALL.”

Bitcoin to $500,000: Kiyosaki

Kiyosaki also stated that he expects Bitcoin to reach $500,000, thanks to the impact of AI on financial markets, citing a book by another author called “Money GPT” that Kiyosaki claimed was only about to be published.

As for buying and saving Bitcoin, Kiyosaki recently admitted that he has been following Michael Saylor’s “tactical Bitcoin investment plan” but on a much smaller financial scale.

On Friday, Bitcoin peaked at $98,745 and then went down by almost 2% overnight, now changing hands at $96,880.

Original source:investing

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