Robert Kiyosaki, known for his identity as the author of the book “Rich Dad, Poor Dad” and his controversial investment posts, said in a recent post on the X social media platform that the pioneer cryptocurrency Bitcoin He shared that there is no guarantee whether his existence will be a scam and a pyramid scheme.
Kiyosaki’s comment, “Yes, it is possible that BTC is a scam and a pyramid scheme,” attracted great reaction.
Robert Kiyosaki Although he admits that he is concerned about Bitcoin potentially becoming a pyramid scheme, he still maintains that it would be no different from fiat currencies such as the US dollar and euro.
Kiyosaki Bitcoin priceHe also acknowledged that it could eventually drop to zero. However, the same situation continues to apply to fiat currencies.
Still, the financial expert remains bullish on the largest cryptocurrency and predicted that its price could rise as high as $300,000 in 2024, as we reported as Koinfinans.com.
According to his latest post, his optimism stems from Metcalfe’s Law, which many see as a value model for Bitcoin. Focusing on network effects, the law suggests that the value of a given network increases with the number of users. In the context of BTC, proponents of Metcalfe’s Law argue that as more people adopt and use BTC, its value will increase due to the increased network effect.
Kiyosaki predicts that most cryptocurrency tokens emerging from the Ethereum platform will die because they lack a strong network. “It’s like belonging to a cell phone network where you’re the only one,” Kiyosaki said.
The entrepreneur claims that he sees Bitcoin as “the perfect asset at the right time.” Kiyosaki regrets not buying more Bitcoin at lower prices.
According to CoinGecko data, the largest cryptocurrency by market cap is trading at $70,467 as of press time.
