Finance Guru: This Cryptocurrency Will Make People Millionaires!

Robert Kiyosaki, the author of the book Rich Dad Poor Dad and a well-known investor, has revitalized the cryptocurrency market. 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 powerful. In his post on June 11, he said, “To be a successful entrepreneur, you really need to be smart, ambitious and lucky.” 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 a well-known fact. Believing that Bitcoin will “fly away,” Kiyosaki agrees with Ark Invest CEO Cathie Wood and thinks that 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 classic financial instruments (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 the news was written, 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 an increase of 11.51% on a monthly basis, has gained 64.68% in value since the beginning of the year. Although these predictions of Kiyosaki excite investors, there are also criticisms. Some experts point out that Kiyosaki has made false claims in the past. Additionally, considering the volatility of the cryptocurrency market, it is emphasized that such hypothetical predictions can be deceptive.

Kiyosaki does not pay attention to criticism

Kiyosaki, on the other hand, seems not to pay attention to the criticism. Stating that it is not investment advice, 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 a very 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.