“Rich Dad Poor Dad” Author Robert Kiyosaki does not think that the excuse “Bitcoin is too expensive”, is tenable for those who have yet to get a slice of the cryptocurrency.
Bitcoin Price Would Go Higher
He shared his experience, citing how frustrated he gets every time he has to convince someone to buy Bitcoin (BTC).
Amongst all the “lame” excuses he claimed to have heard, the most common happens to be connected to the price of the leading digital currency. Within the last 24 hours, the price of Bitcoin has plummeted by 1.30% but the coin currently has a market value of $66,179.84. While many people think that the BTC price is high, Kiyosaki is confident that the coin is yet to reach its peak.
I become frustrated encouraging people to buy Bitcoin. I receive so many lame excuses…. the most common excuse…. “Bitcoin is too expensive.” And it is high… yet not as high as it’s going to go. I simply repeat my rich dad’s lesson on investing…. “ Your profit is made when you…
— Robert Kiyosaki (@theRealKiyosaki) June 15, 2024
To encourage those potential investors deterred by the price of the coin, the popular entrepreneur says he shares an investment lesson from his “Rich Dad Poor Dad” book.
“Your profit is made when you buy…. Not when you sell.”
Bitcoin Outperforms Traditional Financial Institutions
Bitcoin was launched in 2009 and at the time, it was not even worth a cent.
Over the years, the coin has grown significantly, fueled by several events including halving. More recently, the launch of spot Bitcoin ETFs has pushed the value of the digital asset to an All-Time High (ATH) of $73,750.07.
Market observers and analysts see the possibility that BTC will reach $100,000 by the end of June, $500,000 by 2029, and even $1 million by the next decade.
In the financial market, Bitcoin has successfully outperformed its counterparts, earning it the position of one of the top currencies. Crypto-Vanguard reported a few days ago that Bitcoin has surpassed the combined market value of three of the largest global financial institutions; JPMorgan Chase, Morgan Stanley, and Wells Fargo.
The aggregate market capitalization of these financial giants stands at $931.62 billion while Bitcoin’s stands at $1.37 trillion as per CoinMarketCap data.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of Crypto-Vanguard’s content as such. Crypto-Vanguard does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.