Kiyosaki: FOMO crowd investing in Bitcoin will ‘accelerate’ into generational wealth

Financial author Robert Kiyosaki has issued a warning about traditional currencies while advising his followers to earn and save in alternative assets like precious metals and cryptocurrencies.

The “Rich Dad Poor Dad” author specifically highlighted silver as his top near-term investment pick.

“For many, many years I have been recommending people not save ‘fake money’ a.k.a. FIAT government money,” Kiyosaki stated in an X tweet. “For years I have recommended saving real gold and silver coins…recently Bitcoin (BTC). Unfortunately most people work for and save ‘fake money.'”

Kiyosaki emphasized his belief that traditional currency savers face decreasing purchasing power through what he calls “government theft known as ‘inflation.'” He urged followers to start working for and saving gold, silver, and Bitcoin as a hedge against this devaluation.

Kiyosaki expresses enthusiasm for silver

Among these alternatives, Kiyosaki expressed particular enthusiasm for silver’s prospects over the next two months. “Today silver is about $35 an ounce. I believe silver may soon be $70 an ounce this year and $200 in a year or two,” he stated.

The financial educator highlighted silver’s accessibility, noting that almost everyone can afford at least one silver coin today….but not tomorrow.

In a tweet from March 24, he addressed psychological barriers preventing people from investing in assets like Bitcoin.

“Most of us have heard of FOMO: Fear Of Missing Out. Yet…the main reason poor people remain poor is due to FOMM: Fear of Making Mistakes,” Kiyosaki wrote. He argued that Bitcoin has made it easy for everyone to become rich, but many will miss the opportunity due to this fear of making errors.

Kiyosaki suggested that “the FOMO crowd investing in Bitcoin will accelerate into generational wealth” while “the FOMM crowd will wait till Bitcoin passed $200k this year and say ‘Bitcoin is too expensive.'”

The financial author encouraged his audience to conduct independent research by following figures who both support and criticize Bitcoin. He suggested following Jeff Booth, Michael Saylor, and Samson Mow.

Kiyosaki also emphasized that “the most important financial education is no longer from schools or Wall Street” but is freely available through platforms like YouTube.