In a recent report from CoinSpeaker, Robert Kiyosaki, renowned author of ‘Rich Dad Poor Dad’, defended Bitcoin (BTC) as the easiest route to millionaire status. He also sees the cryptocurrency as a shield against inflation and the looming economic crisis in the United States.
On his recent X-tweet he wrote: “BITCOIN is the easiest way to become a millionaire.” Explaining that he saves Bitcoin because Bitcoin does the “hard work” for him. He suggested that while entrepreneurship requires intelligence, dedication and a touch of fortune, accumulating wealth through Bitcoin is a less complicated process.
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His followers agreed with his views and emphasized Bitcoin’s decentralized and secure features. One user highlighted the immutability of Bitcoin’s transaction ledger, which prevents modification or interference.
In a sense, he’s not wrong when we look at how the history of how traders who owned meme coins like DOGE have exceeded their portfolio predictions over the years. The largest wallet started buying DOGE in the summer of 2023 and became the largest holder of the token within a month. The wallet houses over 31 billion DOGE, currently worth $5.9 billion. At its peak, the wallet contained 33 billion DOGE, worth a whopping $6.9 billion.
Investment research firm Game of Trades highlighted Bitcoin’s long-term potential, stating that it remains undervalued, especially during times of currency decline. Kiyosaki’s post also highlighted the potential of cryptocurrencies over traditional investments such as gold and silver.
Kiyosaki has previously expressed skepticism about the conventional model of earning money through regular jobs, arguing that such income is vulnerable to taxes and inflation. He touted cash-flow assets such as rental properties, oil and food production as superior sources of “tax-free money.”
Furthermore, Kiyosaki warned of a possible US market crash that could escalate into a war, leaving Bitcoin as the only viable economic hedge. He attributed the potential crisis to President Biden, Treasury Secretary Janet Yellen and Fed Chair Jerome Powell.
Despite Bitcoin’s recent 3% decline in value, Kiyosaki remains optimistic about its potential, predicting a price of $100,000 by the end of June. Kiyosaki wrote earlier this week on
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In this article, Robert Kiyosaki advocates Bitcoin as the easiest path to becoming a millionaire, speculating $350,000 by the end of the year. originally appeared on Benzinga.com
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