Robert Kiyosaki Highlights the Divide Between Rich and Poor, Recommends Bitcoin and Ethereum
Robert Kiyosaki, the author of “Rich Dad, Poor Dad,” believes a significant gap exists between the wealthy and the poor. In a recent statement, he outlined the differences between these two groups and offered advice.
Old vs. New Thinking
Kiyosaki suggests that “old thinkers” tend to work harder and longer, investing in what he considers “fake money.” In contrast, he observes that “new thinkers” are starting their own businesses and accumulating assets like gold, silver, Bitcoin, and Ethereum.
Many agree that the traditional philosophy of “work hard and save money” is no longer as effective as it once was.
Kiyosaki Bullish on Bitcoin and Ethereum
Kiyosaki also expressed enthusiasm for Ethereum, noting that he expects a strong surge in its value. He stated:
“Old Thinkers: Go back to school; Work harder and longer; Save fake money; Invest in retirement plans. New Thinkers: Create your own startup; Save gold, silver, Bitcoin, and Ethereum.”
He further added, “People who acquire Ethereum today at $4000 will be like the rich who invested in Bitcoin when it was worth $4000.”
Kiyosaki emphasizes that Bitcoin is the first truly scarce money, with only 21 million coins ever to exist. He believes that as the available supply dwindles, demand will accelerate.
Market Performance
As Kiyosaki continues to recommend Bitcoin and Ethereum, both cryptocurrencies have experienced gains. Bitcoin is trading at $113,700, up 1.8% on the day. Ethereum is up 3.3% over the same period, trading above $4,050. Both are recovering from a recent downturn.
However, monthly data indicates that Bitcoin is down 0.5% in October. With only a few days left in the month, this could be the first time in seven years that Bitcoin closes October in the red. The upcoming Fed meeting could potentially boost investor sentiment.
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