Robert Kiyosaki Advocates Bitcoin As The Easiest Path To Becoming A Millionaire, Speculets $350K By End of Year.

Robert Kiyosaki Defends Bitcoin as the Easiest Way to Become a Millionaire, Speculating $350K by the End of the Year.

In a recent report by CoinSpeaker, Robert Kiyosaki, the famous author of “Rich Dad Poor Dad,” advocated Bitcoin (BTC) as the easiest path to millionaire status. He also perceives cryptocurrency as a shield against inflation and the impending economic crisis in the United States.

“BITCOIN is the easiest way to become a millionaire,” wrote X in his last tweet. He explains that he saved Bitcoin because it did the “hard work” for him. He suggested that while entrepreneurship requires intelligence, dedication and a little bit of luck, accumulating wealth through Bitcoin is a less complex process.

Don’t miss:

His followers also agreed with his views, emphasizing Bitcoin’s decentralized and secure features. One user highlighted the immutability of Bitcoin’s transaction ledger; This prevents change or intervention.

When we look at how investors who hold meme coins like DOGE have exceeded their portfolio estimates over the years, in a sense, they are not wrong. The largest wallet began purchasing DOGE in the summer of 2023 and became the largest holder of the token within a month. There are currently over 31 billion DOGE in the wallet, worth $5.9 billion. At its peak, there were 33 billion DOGE in the wallet, worth $6.9 billion.

Investment research firm Game of Trades highlighted Bitcoin’s long-term potential and noted that it remains undervalued, especially when the value of money declines. Kiyosaki’s post also highlighted the potential of cryptocurrencies over traditional investments like gold and silver.

Kiyosaki has previously expressed skepticism about the traditional model of earning money from regular jobs, arguing that this income is vulnerable to taxes and inflation. He praised cash flow assets such as rental properties, oil and food production as superior sources of “tax-free money.”

Moreover, Kiyosaki warned of a potential collapse in the US market that could turn 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 the recent 3% drop in Bitcoin’s value, Kiyosaki remains optimistic about its potential and predicts its price will hit $100,000 by the end of June. In fact, Kiyosaki wrote about

The story continues

Read Next:

“THE SECRET WEAPON OF ACTIVE INVESTORS” Boost Your Stock Market Game with the #1 “news and everything else” trading tool: Benzinga Pro – Click here to start your 14-Day Trial Now!

Want to get the latest stock analysis from Benzinga?

In this article, Robert Kiyosaki Defends Bitcoin as the Easiest Way to Become a Millionaire, Speculating $350K by the End of the Year. appeared first on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.