'Rich Dad Poor Dad’ Author Kiyosaki Reacts to Bitcoin's All-Time High With Advice and Warning

U.Today - The price of major cryptocurrency Bitcoin (BTC) continues its relentless march upward, updating historic highs one by one and periodically dropping latecomers and overly greedy traders with bloody multi-billion dollar avalanches of liquidations. The fact is, however, that so far the "numbers are going up."

Thus, Robert Kiyosaki, the famous financial motivator and author of the bestseller "Rich Dad Poor Dad," touched upon the topic of BTC's performance in his new post. In his post, Kiyosaki argues that as the price of Bitcoin rises, it becomes clear that the rich are getting even richer, as probably less than one in eight million people could write a check for $106,000 on the spot.

Does this mean that only the rich who can afford the full Bitcoin in cash will get richer, the author asks. And when the price of Bitcoin goes higher? No, of course not, argues Kiyosaki.

That, in his opinion, is the genius of Bitcoin. Even though all a person can afford is half a satoshi, the smallest division of BTC, the cryptocurrency's design is democratic and allows even people who cannot write a check for the full $106,000 dollars to have an equal opportunity to get richer and richer as those who can write a check for $106,000.

“The lesson ... Bitcoin is democratic... pure design genius...” Kiyosaki reflects, however, he immediately warns not to delay and start getting richer today, namely at least start buying satoshis, which themselves, according to the author, can one day reach a price of $106,000.

While many may take this advice as they wish and either follow Kiyosaki or reject him, it is difficult to argue with the fact that Bitcoin's design is brilliant, with the ability to buy even one ten-thousandth of a piece.

Source: Investing.com