Robert Kyosaki – is known for writing “Rich Dad, Garib Dad” – when it comes to finance, they have taken some spicy on social media.
His hottest? Bitcoin has made incredibly easy to become rich. Kiyosaki posted on X earlier this year, stating: “I can’t believe how rich bitcoin has made … so easy. Why everyone is not buying bitcoin and is beyond me to catch.”
Learn more: I asked the chat how to be rich from bitcoin – what it has been said here
Consider this: 8 things that you should do when your savings reach $ 50,000
So, is it so easy? Should we all buy bitcoins and plan to retire quickly? What financial experts had to say here.
Bitcoin provides unprecedented access
Perpetuals.com founder Patrick Gran said that Kiyosaki has qualifications as there is no currency in which it is some rules, which makes it more accessible.
“Unlike earlier generations, you can participate in brokerage accounts, interiors contact, or what can be the most revolutionary asset class of our time without bank approval,” he explained.
However, Gruhan warned that Kiyosaki could be wrong when saying how easy the bitcoin is for profit.
“Easy access is not equal to easy money,” he said. “Risk management, education and discipline are still important. There are many opportunities, but it is not easy to seize them.”
Find out: Robert Kyosaki is dumping gold and silver – what is he buying here
We are in a ‘bitcoin bubble’
If you are looking at more advertising and discussion about bitcoin, then you are not hallucinations. We are in a bit of bitcoin frenzy, which was contributed to Kiyosaki’s praise of bitcoin by Robert Johnson, President and CEO of Economic Index Associates.
Johnson called Kyosaki “irresponsible and dangerous”, saying that Bitcoin would make a person rich, there is no way to know.
“In my opinion, bitcoin (and other cryptocurrency) is in a huge pricing bubbles,” Johnson said. “Many people, even smart people, are guessing in cryptocurrency when they do not know what cryptocurrency or how blockchain work.”
Why is bitcoin appealing? Johnson blamed it quickly for the illusion of being rich.
“Continuity and patience are the qualities associated with accumulating wealth in the long run,” Johnson said. “Jeff Bezos once asked Warren Buffett, ‘You are the second richest man in the world and yet you have the simplest investment thesis. How did others not follow it?” To which Warren Buffett replied: ‘Because no one wants to be rich slowly.’ ,
the future is unwritten
Aaron Razon. The individual finance expert at COPONSNAKE said, although bitcoin has historically produced high returns, it is not necessarily a reliable property.
“Bitcoin’s future price is uncertain, and to a large extent, this quality makes it a risky investment, especially when not accounted for the need for diversification,” Razon explained.
Rezon is also found on the idea that relying on bitcoin to carry your entire portfolio does not leave a lot of space for error, which is dangerous for something that has a future.
The expert said, “The single-vision of this approach is responsible for the need for a diverse investment portfolio,” said the expert. “Bitcoin is just one piece of puzzle, and gives it high priority on other investment opportunities, your investment portfolio is at risk of exposure to market volatility and loss and endangered your future financial health and stability.”
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