The renowned personal finance author has joined many cryptocurrency analysts in claiming that Bitcoin could hit $100,000 anytime once the cryptocurrency hits $96,000 today.

American author Robert Kiyosaki has taken a controversial stance after commenting that the psychological phenomenon of fear of missing out (FOMO) could be a positive driving force that pushes investors to buy the top cryptocurrency before it reaches the $100,000 level.

Bitcoin: an investment challenge

Kiyosaki warned that once Bitcoin crosses the $100,000 level, it will be a challenge for the middle class to invest significant amounts in the original cryptocurrencies, urging them to invest now while the digital currency is still below the mentioned level.

“Once Bitcoin crosses $100,000, it will be almost impossible for the poor and middle class to catch up,” Kiyosaki said.

The American author explained that when Bitcoin becomes more accessible only to the ultra-rich, holders of customary fiat currencies such as the dollar, euro and yen will lose.

Kiyosaki, who advocates alternatives to fiat currencies such as gold, silver and Bitcoin, argued that if BTC exceeds the $100,000 level, “only the ultra-wealthy such as corporations, banks and sovereign wealth funds will be able to afford Bitcoin without any consequences.”

THE RICH WILL BE RICH:

Q: WHO WILL BE RICH?
A: People who save gold and silver. Bitcoin. I own all three financial assets.

Q: WHO WILL BE POORER?
A: People who save dollars, pesos, yen, euros and crazy people.

As I warned in Opulent Dad Needy Dad
“Savers are losers… because…

— Robert Kiyosaki (@theRealKiyosaki) November 29, 2024

Embracing FOMO

Since Kiyosaki promoted Bitcoin investments, he believed that the cryptocurrency offered the opportunity to better protect wealth than customary currencies.

Now, with BTC approaching a modern all-time high, Kiyosaki urged people like the middle class to invest in Bitcoin, saying that if they are hesitant, they can adopt a FOMO mentality.

“FOMO is good. Don’t get left behind!” he added.

He explained that the fear of missing out on the opportunity presented by Bitcoin may drive people to invest in cryptocurrencies so that they can take advantage when the coin reaches modern highs.

Fiat’s savings are not good

The author discouraged people from saving, claiming that “savers are losers” because, in his opinion, “cash is garbage.”

Kiyosaki explained that holding Bitcoin is better than saving in cash because customary fiat currencies have to contend with inflation, which reduces their value over time.

In the post, X urged people to diversify their assets and invest in alternatives such as Bitcoin, claiming that government monetary policy and inflation will continue to “erode the purchasing power of traditional currencies.”

He emphasized that today is the right time to invest in BTC because once the coin crosses the $100,000 threshold, it will be almost impossible for most people to get it.

At press time, BTC is trading at $96,722 per coin with a total market capitalization of $1.9 trillion.

Featured image from Pexels, chart from TradingView