This Cryptocurrency Will Make People Millionaires!

Robert Kiyosaki, author of the book Rich Dad Poor Dad and popular investor, has stirred up the cryptocurrency market again. He recently claimed that Bitcoin (BTC) could reach $350,000 by the end of August 2024. Now there is a different topic on the agenda: Kiyosaki believes that Bitcoin is the best way to make people millionaires.

Robert Kiyosaki commented on cryptocurrency

Days after popular investor and financial writer Robert Kiyosaki predicted that Bitcoin (BTC) would reach $350,000 by the end of August 2024, he shared his view that the flagship decentralized finance (DeFi) asset is the best way to turn someone into a millionaire. According to Kiyosaki, becoming a millionaire by starting your own business is quite challenging. “To be a successful entrepreneur, you have to be really smart, ambitious and lucky,” he shared on June 11. he says and adds, “Bitcoin takes care of the hard work for me.”

Kiyosaki’s admiration for Bitcoin, the author of the groundbreaking book “Rich Dad Poor Dad” in the field of personal finance, is already a known fact. Believing that Bitcoin will “fly away,” Kiyosaki agrees with Ark Invest CEO Cathie Wood and thinks Bitcoin could reach $2.3 million in the future.

Kiyosaki’s Twitter lessons

However, Kiyosaki sees Bitcoin as one of the best ways to protect wealth against the dollar, which he describes as “fake money.” But he also believes in the future of other crypto assets such as Ethereum (ETH) and Solana (SOL). In the face of inflation, rising debt, market instability and the threats of an “everything bubble” that encompasses traditional financial products (like stocks and bonds), Kiyosaki has long advised his followers to invest in the precious metals gold and silver on platform X (formerly Twitter).

At the time of writing, Kiyosaki’s favorite crypto asset was trading at $67,761. This represents a decrease of 2.31% on a daily basis and a decrease of 1.75% on a weekly basis. However, Bitcoin, which recorded a monthly increase of 11.51%, has gained 64.68% in value since the beginning of the year. Although these predictions of Kiyosaki excite investors, they are not without criticism. Some experts point out that Kiyosaki has made wrong predictions in the past as well. It is also emphasized that such ambitious predictions may be misleading, considering the volatility of the cryptocurrency market.

Kiyosaki ignores criticism

Kiyosaki, on the other hand, doesn’t seem to care about the criticism. Stating that it is not an investment recommendation, he says that investment decisions should be made after careful research. As a result, Robert Kiyosaki remains a controversial figure in the cryptocurrency market. For some he is a visionary investor, for others he is an overly optimistic speculator. But one thing is certain: Kiyosaki is a name that everyone who follows the developments in the cryptocurrency market closely is talking about.

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