Bitcoin is the most direct path to becoming a millionaire
In a recent report by CoinSpeaker, Robert Kiyosaki, the famous author of Rich Dad Poor Dad, believes that Bitcoin (BTC) is the most direct path to becoming a millionaire. He also believes that the cryptocurrency is a shield against inflation and the looming economic crisis in the United States.
In his recent X-Tweet, he wrote: "Bitcoin is the easiest way to become a millionaire." He explained that he saved Bitcoin because Bitcoin did the "hard work" for him. He proposed that while starting a business requires wisdom, dedication, and a little luck, accumulating wealth through Bitcoin is a less complicated process.
His fans also agree with his views, emphasizing the decentralized and secure features of Bitcoin. One user emphasized the immutability of Bitcoin's transaction ledger, which prevents modification or intervention.
In fact, in Kiyosaki's view, Bitcoin has many advantages for avoiding economic turmoil. Its deflationary nature and increasingly widespread international adoption make it an ideal weapon to protect personal wealth from the pain of potential currency crises.
For American investors, this call is not new. But it seems more prudent than ever to prepare for the worst by diversifying investments into the cryptocurrency space. It can be said that despite its repeated fluctuations, Bitcoin is now one of the most reliable options.
US Markets Could Collapse
In addition, Kiyosaki warned that the US market could collapse and could escalate into a war, with Bitcoin becoming the only viable economic insurance. He blamed President Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chairman Jerome Powell for this potential crisis.
Despite the recent 3% drop in the price of Bitcoin, Kiyosaki remains bullish on its potential and predicts that the price of Bitcoin will reach $100,000 by the end of June. In fact, Kiyosaki wrote on X earlier this week: "I believe Bitcoin will reach $350,000 sometime in 2024, but this is just a goal, a dream and a wish."
In addition, Kiyosaki revealed that he avoids saving funds in fiat currencies, emphasizing that "savers are losers." In addition, he also revealed that he started saving Bitcoin about 10 years ago and recently expanded to Ethereum.
He also revealed that economic growth has been below average in recent years, with growth rates of only 3.4% and 1.6% in the fourth quarter of 2023 and the first quarter of 2024, respectively. Kiyosaki also warned that a broader market crash has begun, emphasizing that "crashes are the best time to get rich," and urged investors to take advantage of investment opportunities when prices hit bottom.
Legendary Life
Robert Toru Kiyosaki was born on April 8, 1947 in Hawaii, USA. He is a fourth-generation Japanese American. His Japanese name is Kiyosaki Toru.
Robert studied at a university in New York. After graduation, he joined the US Marine Corps. He served as a pilot of a ship-borne armed helicopter and participated in the Vietnam War. After retiring from the army, he attended a navigation school. Later, at the suggestion of his rich father, he joined Xerox to learn sales skills.
He performed well in sales and later quit his job 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 very popular among young people. His products were a huge success worldwide, making him rich for a time. However, due to problems with partners and competition from counterfeits, his company eventually went bankrupt.
However, he experienced bankruptcy and debt, but did not give up his dream of starting a business. He then ventured into oil, real estate, publishing and other fields, and gradually restored his wealth. At the age of 47, he and his wife Kim achieved financial freedom and no longer needed to work for money.
After retiring, Robert decided to engage in education, hoping to spread his financial intelligence concepts to more people through games and books.
He lived in seclusion in the mountains for two years, focusing on the development of games related to financial management. In 1985, he launched the "CASHFLOW GAME", a tabletop game that simulates investment, which allows players to learn how to manage finances and improve financial intelligence.
In order to better introduce the concept of this game, he began to write "Rich Dad, Poor Dad", a book about the different views on money and wealth secrets he learned from his two fathers.
The book was published in 1997 and caused a sensation as soon as it was launched. It became a global bestseller, translated into multiple languages, and sold more than 32 million copies. Robert subsequently published "Rich Dad's Investment Guide", "Rich Dad's Cash Flow Quadrant", "Rich Dad's Road to Financial Freedom" and many other books related to financial management and investment, forming a "Rich Dad" series.
It can be said that Robert Kiyosaki is a person who dares to challenge and innovate, and his financial management theory and education methods have been welcomed and appreciated by many people.
XingChi
