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Bitcoin is the most direct way to become a millionaire
In a recent CoinSpeaker report, Robert Kiyosaki, the famous author of Rich Dad Poor Daddy, believes Bitcoin (BTC) is the most direct way to become a millionaire.He also believes that cryptocurrencies are the 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 entrepreneurship requires wisdom, dedication and a little luck, accumulating wealth through Bitcoin is a less complicated process.
His fans also agree with him, emphasizing the decentralized and security features of Bitcoin.One user emphasized the immutability of the Bitcoin transaction ledger, which prevented modification or intervention.
In fact, in Kiyosaki’s view, Bitcoin has many advantages to avoid economic turmoil.Its deflationary nature and growing international adoption make it an ideal weapon to protect personal wealth from the pain of potential monetary crises.
This appeal is not novel for American investors.But preparing for the worst-case scenario by spreading investments into the cryptocurrency space seems more cautious than ever.It can be argued that despite repeated fluctuations in Bitcoin, it is now one of the most reliable options.
The U.S. market may collapse
In addition, Kiyosaki warned that the U.S. market could collapse and could escalate into war, while Bitcoin became the only viable economic security.He blamed President Biden, Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell.
Although Bitcoin’s price has fallen by 3% recently, Kiyosaki is still optimistic about its potential and predicts that Bitcoin’s price 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 that’s just a goal, a dream and a desire.”
In addition, Kiyosaki revealed that he avoided saving money in fiat currency and emphasized that “saving people are losers.”In addition, he revealed that he began 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 wider market crash had begun, emphasizing that “the collapse is the best time to get rich” and urged investors to take advantage of investment opportunities when prices bottom out.
Legendary life
Robert Toru Kiyosaki was born on April 8, 1947 in Hawaii, USA. He is the fourth generation of Japanese-American, and his Japanese name is Kiyosaki Toru.
Robert studied at university in New York, and after graduation he joined the U.S. Marine Corps. He served as a carrier-based armed helicopter pilot and participated in the Vietnam War.After retiring from the army, he entered a sailing 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 and started his business.In 1977, he founded a company that produced the “Surfer” wallet, a wallet made of nylon and velcro, which was very popular among young people.His products have achieved great success worldwide, making him rich for a time.However, due to partner issues and competition for counterfeit products, his company eventually went bankrupt.
However, he experienced bankruptcy and debt difficulties, but did not give up his dream of starting a business.He has also entered the fields of oil, real estate, publishing, etc., and gradually recovered his wealth.At 47, he reached financial freedom with his wife Kim and no longer had to work for money.
After retirement, Robert decided to engage in education, hoping to spread his financial philosophy to more people through games and books.
He lived in seclusion in the mountains for two years, focusing on developing games related to financial management.In 1985, he launched the “Cash Flow” game (CASHFLOW GAME), a tabletop game that simulates investments, allowing players to learn how to manage finances and improve their financial literacy.
To better introduce the concept of the game, he began writing Rich Dad, Poor Dad, a book about different views on money and secrets of wealth he learned from his two fathers.
The book was published in 1997 and caused a sensation as soon as it was released. It became a global bestseller, translated into multiple languages, and sold more than 32 million copies.Robert then published a number of books related to financial management and investment, including “Rich Dad’s Investment Guide”, “Rich Dad’s Cash Flow Quadrant”, “Rich Dad’s Road to Financial Freedom”, forming a “Rich Dad” series.
It can be said that Robert Kiyosaki is a person who dares to challenge and innovate. His financial management theory and educational methods have been welcomed and appreciated by many people.
