American entrepreneur Robert Kiyosaki, whose "Rich Dad Poor Dad" financial literacy book has sold more than 40 million copies around the world, has warned Bitcoiners against being excessively greedy.
Kiyosaki stated that he would continue buying the largest cryptocurrency until it hits $100,000. However, once Bitcoin passes this level, he will no longer be a buyer.
"Not a time to get greedy. Always remember….hogs get fat…pigs get slaughtered. Don’t be a pig," Kiyosaki noted.
Yuri MolchanThe largest cryptocurrency is currently trading at $88,894 after previously hitting a lifetime peak of $89,560 roughly six hours ago.
As reported by U.Today, Bitcoin recently surpassed silver by market capitalization.
Earlier, Kiyosaki predicted that Bitcoin would be able to hit $350,000 by the end of the year. Some commenters have noted that the entrepreneur's most recent statement seemingly contradicts this uber-bullish prediction. "Why would you stop at $100,000 if you claimed it will hit $300,000 or higher?" one user asked.
In July, the "Rich Dad Poor Dad" author predicted that Bitcoin could potentially skyrocket to $10 million in the long run.
Kiyosaki is a former Bitcoin critic who ended up warming up to the leading cryptocurrency. In 2017, he drew parallels between the leading cryptocurrency and the infamous Dutch tulip mania that took place in the 1630s. The term is frequently used by pundits to refer to economic bubbles. Kiyosaki then ended up warming up to the largest cryptocurrency after the Fed adopted an ultra-loose monetary policy.
Vladislav Sopov
Dan Burgin