Bitcoin is the most direct path to becoming a millionaire
In a recent report by CoinSpeaker, famous author of “Rich Dad Poor Dad,” Robert Kiyosaki, believes that Bitcoin (BTC) is the most direct path to becoming a millionaire. He also views cryptocurrencies as a shield against inflation and the looming economic crisis in the United States.
In his recent tweet, he stated, “Bitcoin is the simplest way to become a millionaire.” He explained that he holds Bitcoin because it has done the “hard work” for him. He suggested that while entrepreneurship requires intelligence, dedication, and a bit of luck, accumulating wealth through Bitcoin is a relatively straightforward process.
His followers also agree with his view, emphasizing the decentralization and security features of Bitcoin. One user highlighted the immutability of Bitcoin’s transaction ledger, which prevents alteration or interference.
Indeed, Kiyosaki sees Bitcoin as having many advantages in avoiding economic turmoil. Its deflationary nature and increasing international adoption make it an ideal weapon to protect personal wealth from potential currency crises.
For American investors, this call is not new. However, preparing for the worst-case scenario by diversifying investments into the cryptocurrency space seems more prudent than ever before. Despite the fluctuations in Bitcoin’s price, it is now one of the most reliable choices.
Potential Market Collapse in the United States
Furthermore, Kiyosaki warned that the US market may collapse and escalate into a war, with Bitcoin being the only viable economic safeguard. He attributed this potential crisis to President Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chairman Jerome Powell.
Despite a recent 3% drop in Bitcoin’s price, Kiyosaki remains optimistic about its potential and predicts that Bitcoin’s price will reach $100,000 by the end of June. In fact, earlier this week, he wrote on Twitter, “I believe Bitcoin will hit $350,000 at some point in 2024, but this is just a target, a dream, and a wish.”
Furthermore, Kiyosaki revealed that he avoids saving funds in fiat currency and emphasized that “savers are losers.” He also disclosed that he started saving Bitcoin about 10 years ago and recently expanded into Ethereum.
He also revealed that economic growth has been below average in recent years, with growth rates of only 3.4% in the fourth quarter of 2023 and 1.6% in the first quarter of 2024. Kiyosaki also warned that a broader market collapse has already begun, emphasizing that “collapse is the best time to get rich” and urging investors to take advantage of investment opportunities when prices bottom out.
Legendary Life
Robert Kiyosaki was born on April 8, 1947, in Hawaii, USA, as a fourth-generation Japanese-American, with the Japanese name Toru Kiyosaki.
Robert studied in New York and after graduating, joined the US Marine Corps, where he served as a helicopter gunship pilot and participated in the Vietnam War. After leaving the military, he attended a maritime school and later joined Xerox at the advice of his Rich Dad to learn sales skills.
He excelled in sales and later resigned to start his own business. In 1977, he founded a company that produced the “Surfer” wallet, a wallet made of nylon and Velcro that was popular among young people. His product achieved great success worldwide, making him wealthy. However, due to issues with partners and competition from counterfeit products, his company eventually went bankrupt.
Despite facing bankruptcy and debt, he did not give up on his entrepreneurial dreams. He ventured into fields such as oil, real estate, and publishing, gradually recovering his wealth. At the age of 47, he achieved financial freedom with his wife Kim, no longer needing to work for money.
After retiring, Robert decided to engage in education, hoping to spread his financial literacy ideas to more people through games and books.
He secluded himself in the mountains for two years, focusing on developing games related to finance. In 1985, he launched the “Cashflow” game, a tabletop game that simulates investments and teaches players how to manage finances and improve financial literacy.
To better introduce the concept of this game, he began writing “Rich Dad Poor Dad,” a book that discusses the different money views and wealth secrets he learned from two fathers.
This book was published in 1997 and caused a sensation upon its release, becoming a global bestseller translated into multiple languages with sales exceeding 32 million copies. Robert subsequently published several other books related to finance and investment, such as “Rich Dad’s Investment Guide,” “Rich Dad’s Cashflow Quadrant,” and “Rich Dad’s Road to Financial Freedom,” forming a series known as “Rich Dad.”
Robert Kiyosaki is deemed a daring and innovative individual, with his financial theories and educational methods receiving widespread praise and acclaim.
