Renowned author Robert Kiyosaki has labeled Bitcoin as the most straightforward path to achieving millionaire status, highlighting its potential compared to traditional investments in the face of currency devaluation.
In his latest endorsement of the leading cryptocurrency, Kiyosaki emphasized the demanding nature of entrepreneurship, citing the need for intelligence, dedication, and a stroke of luck. However, he believes that Bitcoin offers a much simpler route to financial success. According to him, Bitcoin eliminates the need for the hard work and effort typically associated with entrepreneurship, which is why he holds a deep admiration for the digital asset.
In response to Kiyosaki’s endorsement, data-driven investment research firm Game of Trades has underscored Bitcoin’s long-term prospects. They argue that in an environment of increasing currency devaluation, Bitcoin remains undervalued as an asset. Their Quant Model analysis supports this stance, indicating favorable market conditions for investing in Bitcoin.
Echoing Kiyosaki’s sentiments, Khalil Zibara commended his shift towards Bitcoin over traditional assets like gold and silver. Zibara predicts that Bitcoin will surpass gold as the ultimate hedge against inflation in the coming decade, welcoming Kiyosaki to what he calls the “new world.”
Presently, Bitcoin is trading at $67,834, with a slight decline of 2.47% in the past 24 hours and 1.50% over the past week. Despite these fluctuations, Bitcoin maintains a robust market cap of approximately $1.34 trillion.
Kiyosaki’s recent advocacy for Bitcoin builds on his earlier assertions in March, where he encouraged investors to consider adding Bitcoin to their portfolios, even in small amounts. Predicting a surge to $300,000, he stressed the importance of getting involved with Bitcoin before its price rises further.
In January, Kiyosaki elaborated on his preference for Bitcoin over traditional stocks and bonds, criticizing key players in the U.S. financial sector for contributing to wealth erosion through inflation and market manipulation. He views Bitcoin as a safeguard against these systemic issues, advocating for its use in protecting wealth from conventional financial instruments.
Disclaimer: This article serves as informational content and should not be construed as financial advice. The views expressed herein are the author’s personal opinions and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.