'Rich Dad Poor Dad' author says Bitcoin could stop poverty

03/24/2025 20:50
'Rich Dad Poor Dad' author says Bitcoin could stop poverty

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has commented on the wealth gap, Bitcoin, and what he calls a common psychological hurdle keeping people from building wealth.

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On March 24, Robert Kiyosaki instructed his followers on X not to remain poor. He claimed that many people who are poor tend to stay that way not because of FOMO—the fear of missing out but rather FOMM, the Fear of Making Mistakes.

According to the 77-year-old businessman, this Fear stops most people in the market, especially those with formal education, from stepping away from seizing investment opportunities such as Bitcoin. Kiyosaki believes that the best financial education is not restricted to traditional education or Wall Street but is easily accessible to all on YouTube.

He said, “The biggest opportunity in history is here…BITCOIN has made it easy for everyone [to] become rich…..Yet most people with FOMM will miss one of the greatest wealth creations in history.”

He also urged his followers to follow and learn from thought leaders. He added, “Don’t take my word for it. Listen to the people I follow and learn [from] them. People I follow are Jeff Booth, Michael Saylor, Samson Mow, Max Keiser, Donald Trump, George of Cryptos R Us, Mark Moss, Bitcoin Zella is filled with priceless wisdom; Larry Lepard, Kathy Wood, Raoul Pal, Anthony Scaramuchi, and many others.”

Kiyosaki is not new to endorsing Bitcoin and criticizing traditional financial systems. He has consistently highlighted concerns about fiat currency, inflation, and government debt, framing Bitcoin as a hedge against systemic risk. On March 13, he announced apocalyptic warnings of a market crash and urged people to buy more Bitcoin.

At the time of writing, Bitcoin is trading at $87,535.59, per Kraken's price feed. The asset's trading volume is up 130.07% in the last 24 hours and is sitting at $23.2 billion at press time.

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