"It's never been easier to become a millionaire"
The five keys of Robert Kiyosaki to become rich with Bitcoin.
1. Educate yourself before investing;
Most people invest without understanding what they are doing. For him, Bitcoin challenges central banks and the fiat system.
He recommends learning the basics of money, how inflation works, what the programmed scarcity of Bitcoin is (its limited issuance to 21 million units), and how blockchain works.
2. Invest for the long term, don't speculate;
According to him, those who buy Bitcoin should think about holding it for at least five to ten years, without being swayed by price volatility. This strategy is aligned with that of other great investors who see Bitcoin as a type of "digital gold".
3. Take advantage of crises;
"When the market is in panic, it's time to get rich". He advises being psychologically and financially prepared to buy Bitcoin when its price drops, rather than entering the market when it is at historic highs.
4. Protect yourself against inflation and devaluation;
One of the biggest risks to personal finances is not a lack of income, but the loss of purchasing power caused by inflation.
He promotes the use of scarce assets like gold, silver, and Bitcoin as ways to preserve value over time. "Every dollar you save loses value. Every Bitcoin you accumulate gains power over time".
5. Have a strategy and discipline;
He suggests setting up a periodic buying plan, for example, acquiring a small amount each month, not investing more than one is willing to lose, and not selling at the first drops.
"The key is to have a plan and stick to it".
The future of Bitcoin according to Kiyosaki.
He has been consistent in his predictions. On several occasions, he stated that Bitcoin would reach US$500,000 in the coming years.