American businessman Robert Kiyosaki reiterated his support for cryptocurrencies on Monday — deeming it the ‘easiest time in history’ for people to become rich and financially free. The Rich Dad Poor Dad author also noted that there were only one or two million Bitcoins left to be mined with prices likely to increase in the coming days.
“I cannot believe how easy Bitcoin has made getting rich…so easy. Why everyone is not buying and holding Bitcoin is beyond me. Even .01 of a Bitcoin is going to be priceless in two years…. and maybe make you very rich. Sure Bitcoin goes up and down….but so does real life. There are only 1 or 2 million Bitcoin left to be mined…and the price will go as Raoul Pal describes as into the ‘Banana Zone’. Don’t be a yellow banana,” he urged in a new social media post.
Kiyosaki has repeatedly urged people to invest in the cryptocurrency and recently made waves after predicting that Bitcoin would soon ‘reach $500,000 to $1 million’. But the well-known author continues to steer clear of other digital currencies such as memecoins — contending that they did not follow the ‘law of networks’ and operated with a degree of uncertainty.
“I invest in Bitcoin because is a network. Most cryptos are not…I do not save US dollars because the US dollar violates Gresham’s law. I do not invest in shit coins without networks, because they violate Metcalf’s Law. That’s why I save gold, silver, and acquire Bitcoin. They obey the laws,” he reiterated in a separate post over the weekend.
The popular cryptocurrency pushed to an all-time high last week — reaching $111,862.98 on Thursday. The surge came in part due to hopes that stablecoin regulation will soon pass after an advancement of legislation. Investors have also sought out alternatives to US assets in recent weeks as Wall Street remains jittery.