Author of "Rich Dad Poor Dad": BTC will reach $100,000 in June

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.

Previously in November 2023, Robert Kiyosaki warned , fiat currencies are not safe and stressed that central banks are buying gold to save themselves. He urged investors to protect themselves from central banks and reiterated advice on investing in gold, silver and Bitcoin. Kiyosaki has been warning against fiat currencies, calling them "fake money."

In contrast, he calls gold and silver "God's currency" and sees Bitcoin as "the people's currency."

Not only that, earlier in January 2023, Robert Kiyosaki tweeted that he was investing in Bitcoin because it is classified as a commodity like gold, silver and oil. Most cryptocurrencies are classified as securities, and U.S. SEC regulations would destroy most of them. He will buy more Bitcoins.

It can be said that Robert Kiyosaki is a staunch Bitcoin bull. Who is he? Let’s go through them one by one.

Legendary Life

Robert Toru Kiyosaki was born on April 8, 1947 in Hawaii, USA. He is a fourth-generation Japanese-American. , Japanese name Kiyosaki Toru. His father is a teacher in the Hawaii State Department of Education and was once the local education secretary, and his mother is a nurse.

He has been interested in money since he was a child. He once tried to mint coins with metal toothpaste tubes with his friends, but failed. His father (poor dad) suggested that he learn how to become rich from his friend's father (rich dad). Rich dad was a small businessman who owned multiple grocery stores and later developed into a real estate tycoon. Robert began learning financial management knowledge and business skills from his rich dad at the age of 9. These experiences had a profound impact on his life.

Robert studied in college in New York and joined the U.S. Marine Corps after graduation. He served as a carrier-based armed helicopter pilot and participated in the Vietnam War. After retiring from the army, he attended navigation school and then, at the suggestion of his rich dad, joined Xerox to learn sales skills.

He excelled in his sales job and later quit to start his own business. In 1977, he founded a company that produced the "Surfer" wallet, a wallet made of nylon and Velcro that was popular with young people. His products were a huge success around the world and made him rich for a time. However, his company eventually collapsed due to partner problems and competition from counterfeit goods.

However, he experienced bankruptcy and debt, but did not give up his dream of starting a business. He also got involved in oil, real estate, publishing and other fields, and gradually restored his wealth. At the age of 47, he and his wife Kim achieved financial freedom and no longer had to work for money.

After Robert retired, he decided to engage in education, hoping to spread his financial and business philosophy to more people through games and books.

He lived in seclusion in the mountains for two years and concentrated on developing games related to financial management. In 1985, he launched the "CASHFLOW GAME", a tabletop game that simulates investments, allowing players to learn how to manage finances and improve their financial intelligence.

In order to better introduce the concept of this game, he began to write "Rich Dad" , Poor Dad", a book about the different views on money and wealth secrets he learned from his two fathers.

Published in 1997, this book caused a sensation upon its release and became a global bestseller. It has been translated into many languages ​​and has sold more than 32 million copies. Robert subsequently published "Rich Dad's Guide to Investment", "Rich Dad's Cash Flow Quadrant", "Rich Dad's Road to Financial Freedom" and many other books related to financial management and investment, forming a "Rich Dad" "series.

It can be said that Robert Kiyosaki is a person who dares to challenge and innovate, and his financial management theory and education 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 kind of material, but also a kind of thinking. A person's way of thinking determines his wealth status. He encourages people to shift from a salaryman and freelancer mindset to an entrepreneur and investor mindset to gain more income and freedom.

He also emphasized that financial education should start from an early age to cultivate children’s financial intelligence and entrepreneurial spirit. His ideas have influenced countless people and helped them change their lives and destiny.

Long BTC

Robert Kiyosaki’s position on Bitcoin There is a positive attitude towards it as an asset that can combat hyperinflation and financial crises. He has expressed his views and predictions on Bitcoin on Twitter many times, which has attracted a lot of attention and discussion.

Kyosaki believes that Bitcoin is a decentralized currency that is not subject to the control and intervention of governments and banks, so it has a higher degree of freedom and security.

Furthermore, he compared Bitcoin to gold and silver, saying they are "real money" while fiat currencies are "counterfeit money" because they are lost due to government money printing and Debt and depreciation. He predicts that the United States and other countries will face severe economic collapse and hyperinflation, and therefore recommends that people 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 hottest, people rushed to buy houses, but when the real estate market collapsed, people couldn't get out because real estate was illiquid. In 2021, investors prefer the liquidity of gold, silver, and Bitcoin.

In addition, he also mentioned that the United States is currently endlessly printing more dollars, resulting in more and more dollars. Inflation is a tax on the poor and middle class. Inflation makes the rich richer, and holding Bitcoin can effectively beat inflation.

Kyosaki also made some bold predictions about Bitcoin’s price trend.

He said in February 2021 that he expected the price of Bitcoin to reach $500,000 in 2025; then on October 22, 2023, Kiyosaki tweeted, Gold will soon break through $2,100 and start to take off, silver will rise from $23 to $68, Bitcoin will test $30,000, and then the next target will be $135,000; recently, he will once again confirm the target price to $100,000.

Kyosaki’s views have been welcomed and appreciated by many people, but have also aroused controversy and criticism from some people. Some people believe that his predictions are too optimistic and unrealistic, and do not take into account the technical, legal and market risks and challenges of Bitcoin.

Some people believe that his views can help improve people’s financial intelligence and financial freedom, encourage people to master the rules of the money game, and achieve wealth growth and preservation. In any case, Kiyosaki’s remarks triggered people’s thinking and discussion about Bitcoin and the future economy, and also reflected 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 ways of managing money.

His optimism and predictions about Bitcoin also demonstrate his insights and judgments about the future economy. Although his views may not be correct or accepted by everyone, his courage and innovation are worth learning and respecting.

His story tells us that wealth does not depend on luck or opportunity, but on knowledge, skills and thinking. If we want to realize financial freedom and dreams, we must improve our financial intelligence, master the rules of the money game, and be a smart investor.