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Source: W3C DAO
Recently, Robert Kiyosaki, the author of “Rich Dad Poor Dad”, said on social media that by June 2024, Bitcoin will reach $100,000.
Earlier in November 2023, Robert Kiyosaki warned that fiat currencies were not safe and stressed that the central bank was buying gold to save itself.He urged investors to protect themselves from the central bank and reiterated his advice to invest in gold, silver and Bitcoin.Kiyosaki has been warnings about fiat currency, calling it “fake money.”
By contrast, he called gold and silver “the currency of God” and Bitcoin as the “the currency of the people.”
Not only that, earlier in January 2023, Robert Kiyosaki posted a Twitter account saying that he was investing in Bitcoin because it was classified as a commodity like gold, silver and oil.Most cryptocurrencies are classified as securities, and US SEC regulations will destroy most of them.He will buy more bitcoins.
It can be said that Robert Kiyosaki is a firm Bitcoin bull. Who is he?Let’s come one by one.
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.His father was a teacher with the Hawaii Department of Education, and was once the local education minister, and his mother was a nurse.
He was interested in money since he was a child. He once tried to use metal toothpaste tubes with his friends, but failed.His father (poor dad) suggested that he learn how to get rich from his friend’s father (rich dad).And Rich Dad was a small businessman with multiple grocery stores and later developed into a real estate tycoon.Robert started learning financial management knowledge and business skills with his rich dad at the age of 9, and these experiences had a profound impact on his life.
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.
His goal is to improve people’s financial intelligence, so that they can master the rules of the money game, and realize financial freedom and dreams.He believes that wealth is not only a material, but also a kind of thinking. A person’s way of thinking determines his wealth status.He encourages people to change from working and freelancer thinking patterns to entrepreneurs and investors thinking patterns, thereby gaining more income and freedom.
He also emphasized that financial education should start from an early age and cultivate children’s financial intelligence and entrepreneurial spirit.His philosophy has influenced countless people and helped them change their lives and destiny.
Do long BTC
Robert Kiyosaki has a positive attitude towards Bitcoin, believing it is an asset that can fight against hyperinflation and financial crisis.He has expressed his views and predictions about Bitcoin on Twitter many times, which has attracted a lot of attention and discussion.
Kiyosaki believes that Bitcoin is a decentralized currency that is not controlled and intervened by the government and banks, so it has higher degrees of freedom and security.
Furthermore, he compared Bitcoin with gold and silver, calling them “real currencies” while fiat currencies are “fake money” because they keep depreciating due to government printing and debt.He predicts that the United States and other countries will face severe economic collapse and hyperinflation, so people are advised to buy bitcoin and precious metals to protect their wealth and purchasing power.
Previously, Kiyosaki pointed out why investors gradually like gold, silver and Bitcoin?It’s because of liquidity.When the real estate market was at its peak, people rushed to buy houses, but when real estate collapsed, people could not get out because of poor liquidity in real estate.By 2021, investors prefer the liquidity of gold, silver and Bitcoin.
In addition, he also mentioned that the United States is currently printing more and more dollars, leading to more and more dollars.Inflation is a tax on the poor and the middle class.Inflation makes the rich richer, and holding Bitcoin can effectively outperform inflation.
Kiyosaki also made some bold predictions about the price trend of Bitcoin.
He said in February 2021 that he expected the price of Bitcoin to reach $500,000 in 2025; and then on October 22, 2023, Kiyosaki posted a Twitter post saying that gold will soon exceed $2,100 and start taking off.Silver will rise from $23 to $68, Bitcoin will test $30,000, and then the next target is $135,000; recently, he will confirm the target price to $100,000 again.
Kiyosaki’s views have been welcomed and appreciated by many people, and have also caused controversy and criticism from some people.Some believe that his predictions are too optimistic and unrealistic, without taking into account the risks and challenges of Bitcoin’s technology, legal and markets.
Some people believe that his views help improve people’s financial literacy and financial freedom, encourage people to master the rules of the game of money, and achieve wealth growth and preservation.In any case, Kiyosaki’s remarks have sparked people’s thinking and discussion about Bitcoin and the future economy, and also reflect his personality and style as a person who dares to challenge and innovate.
Written at the end
In short, Robert Kiyosaki is a successful entrepreneur, writer and educator. His “Rich Dad” series of books and games have changed many people’s views on wealth and how they manage their finances.
His optimistic and predictions about Bitcoin also demonstrate his insights and judgments about the future economy.Although his views are not necessarily correct or accepted by everyone, his courage and innovation deserve our learning and respect.
His story tells us that wealth is not based on luck or opportunity, but on knowledge, skills and thinking.If we want to realize financial freedom and dreams, we must improve our financial literacy, master the rules of the game of money, and be a smart investor.
