Robert Kiyosaki: Bitcoin the Easiest Route to Millionaire Status?
Popular for his "Rich Dad Poor Dad" series, American entrepreneur Robert Kiyosaki caused a stir last week when he advised the public to invest in Bitcoin if they wanted to become millionaires easily.
Kiyosaki opined that although business requires brainpower, hard work, and a little fortune, buying and holding onto BTC was less involving than most other forms of entrepreneurship.
His announcement on social networking sites has led to heated discussions among his fans with some people questioning whether it is possible for the value of one coin to skyrocket so high within such an expensive market as today’s economy.
Nonetheless, recent findings from Kaiko, a research company show that there are nearly 2000 new millionaire-making wallet addresses being set up for bitcoins per day.
As per Glassnode statistics released earlier on this month about 115k wallets hold over $1M worth of bitcoins and this number continues to grow; however not all these wallets might belong to individuals who invested in them personally.
READ MORE: Bitcoin as the Cure for Monetary Debasement, Claims Abra CEO
Despite doubts being raised by certain quarters, Kiyosaki is still bullish about future prospects of cryptos—speculating that prices could hit as high as three hundred and fifty thousand dollars come August.
His prediction has been met with mixed reactions from within the community itself which reflects broader arguments around how we should be valuing these digital assets.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
