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Robert Kiyosaki claims Bitcoin is the easiest path to becoming a millionaire and speculates $350,000 by the end of the year.
Robert Kiyosaki claims Bitcoin is the easiest path to becoming a millionaire and speculates $350,000 by the end of the year.
In a recent CoinSpeaker report, Robert Kiyosaki, the famous author of “Rich Dad Poor Dad,” championed Bitcoin (BTC) as the easiest way to millionaire status. He also perceives cryptocurrency as a shield against inflation and the looming economic crisis in the United States.
In his recent tweet on X he wrote: “BITCOIN is the easiest way to become a millionaire.” Explaining that he saves Bitcoin because Bitcoin does the “hard work” for him. According to him, while entrepreneurship requires intelligence, commitment and a bit of luck, accumulating wealth through Bitcoin is a less complicated process.
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His followers agree with his opinions, highlighting Bitcoin’s decentralized and secure features. One user pointed out the immutability of Bitcoin’s transaction log, which inhibits modification or meddling.
In a way he is not wrong if we look at the history of how traders holding meme coins like DOGE have outperformed their portfolio predictions over the years. The largest wallet began purchasing DOGE in the summer of 2023 and became the largest holder of the token within a month. The wallet closes 31 billion DOGE, it is currently worth $5.9 billion. At its peak, the portfolio contained 33 billion DOGE, worth $6.9 billion.
Investment research firm, Game of Trades, highlighted Bitcoin’s long-term potential, saying that it remains undervalued, particularly during periods of currency devaluation. Kiyosaki’s post also highlighted the potential of cryptocurrencies compared to traditional investments such as gold and silver.
Kiyosaki has previously expressed skepticism about the conventional model of earning from regular jobs, arguing that such income is vulnerable to taxes and inflation. He praised cash flows such as rental properties, oil and food production as superior sources of “tax-free money.”
Additionally, Kiyosaki warned of a potential U.S. market crash that could escalate into war, leaving Bitcoin as the only viable economic safeguard. He blamed the potential crisis on President Biden, Treasury Secretary Janet Yellen and Fed Chair Jerome Powell.
Despite Bitcoin’s recent value decline of 3%, Kiyosaki remains optimistic about its potential, predicting a price of $100,000 by the end of June. In fact, Kiyosaki wrote earlier this week X“I am confident that Bitcoin will reach $350,000 in 2024, but it is just a goal, a dream and a wish.”
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This article Robert Kiyosaki claims Bitcoin is the easiest path to becoming a millionaire and speculates $350,000 by the end of the year. originally appeared on Benzinga.com
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