Topic: A friendly reminder by the Author of Rich Dad Poor Dad should be taken serious - page 2. (Read 205 times)

How then do you accept his prediction of bitcoin price? he's not fully into cryptocurrency he only uses the traffic to gain more sales or popularity to his books. In my view, he wants to portray bitcoin as the kind of investment people should buy, but you rarely see him talk about the disadvantages of such investment. In his book, he promoted real estate business, not crypto. Why is he flaunting cryptocurrency all over his social media? The floor is open for him to write a well detailed book about cryptocurrency, before we take his predictions and information seriously. I've seen people like him, who take back their advise immediately cryptocurrency price crashes, they'll not say a word and when they do, it'll be condemning the mistakes of investors who invested into crypto. Nobody, can tell or explain how soon it'll take for bitcoin to hit 120k even after the halving. On the other hand, he claims that the rich dad bought some hotels in the US that's still operating till date, have seen his interviews where he said such. The stories in his book doesn't sound like fiction.



I think your question should be a fresh thread, in the right board, as it's not contributing to this thread. The essence of replying under a post is to add more flairs and value to it, not asking a different question, that doesn't add up to OPs idea or writeup. It can change the subsequent answers under the post, thereby belittling the value of the thread and may not be educational to the readers of the thread.

I know this person, I have watched some of his podcasts, and his words are so optimistic and sometimes contain fantasy words. Because he is always so sure that this will happen and you have to avoid it, the point is, I don't think that his interest in BTC or cryptocurrency is new. Because I watched him talk about BTC and crypto way back in time, like 5 to 6 months ago. So, I thought I should mention it here.

He may have shown optimism about the price of BTC, as everyone is making predictions and many people are sharing all the possibilities (predictions that they can at least make). And most people are saying only one thing and taking ETFs as the main factor that will take BTC to new, unexpected heights. He might be optimistic about BTC and predict that it could touch $120,000, but many other people have shown their interest and optimism and also predicted the price of BTC, and the maximum I have seen is that it can touch $170,000.

To be honest, I personally think that BTC can really reach $110,000, and $120,000 is not impossible, but now the year is 2023, and it might not reach that target in 2024 (which means next year). It can, but the chances are the next ATH might take place in 2025.

His predictions of bitcoin reaching $120,000 is not a bad one. In the nearest future bitcoin would surpass that figure. Maybe 2 to 3 years from now that target would be actualized. One thing I believe is the reason why it is not yet gaining that much speed is the adoption. Currently, the world  population is yet to tap into the bitcoin evolution which makes it slow at this pace. You can imagine when %50 of the world population are aware of bitcoin and fully adopted bitcoin is a payment option do you not think the demand for bitcoin would be high which will in other words trigger a rise in bitcoin price.

The bitcoin halving is another area of focus to trigger the price increase. It is known that every four years halving occurs which reduces the total supply if I am not mistaken and  possibly causes a spike in bitcoin price to a new all time high. So therefore bitcoin halving would be a major propagating force to increase the price of bitcoin come 2024.

There are many similarities between the sentences in OP's thread and the original source, I'm a newcomer here and don't know many things (maybe I missed some rules), but is this not considered plagiarism even though OP has included the original source?

Bitcoin is a currency that any fast reasoning fellow can thought of, understand it influence and make moves for it adoption to the economy, not only that, every visionary leader will also want to let others understand what wlhe saw and how he could help make a global impact from it hence, he wish others could see and learn from what bitcoin has to offer in the near future, as a matter of fact, we are hoping in seing bitcoin rising from where it is to form a new all time high to about $150,000 next year, so for those holding, they should keep on, for those interested with investing, they can made an investment and well.

The fallacy of tu quoque or 'look who's talking' may be wrong, but may also be commonly committed. Robert Kiyosaki doesn't have a sterling reputation especially in terms of business or finance. He may portray himself as a remarkable financial pundit, however, his failures in the same field will likely put doubts to his statements. Although what he's saying may be true, it seems it would hold less water considering how a lot of people also label him as a hypocrite. Kiyosaki doesn't seem to be the perfect mouthpiece of Bitcoin, although his words may have some merit, of course.

Robert Kiyosaki made his fortune from selling "Rich Dad, Poor Dad" book, not by using the methods that are actually in the book. the Rich Dad doesn't exist, unless there is something he is hiding from everyone.

However, he is correct in that the bitcoin price will reach $120,000 very soon. It probably won't happen next year though, but maybe in two years.

https://coinatory.com/cryptocurrency-news/robert-kiyosaki-forecasts-13260/

Robert Kiyosaki, best known for his book ‘Rich Dad Poor Dad,’ recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges.

Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He’s also confident in Bitcoin’s ability to recover from market slumps, attributing potential price increases to the upcoming halving

Labeling fiat money as ‘criminal,’ Kiyosaki advocates for investment in assets like gold, silver, and Bitcoin to protect against the devaluation of the currency, which he foresees resulting from the massive influx of capital into the economy and ensuing inflation. He also criticizes the U.S. government and the Federal Reserve for their persistent money printing. Predicting a significant downturn in the U.S. economy, Kiyosaki urges investors to view cryptocurrencies as a bailout from government recklessness in economic management.