Renowned “Rich Dad Poor Dad” author Robert Kiyosaki continues to capture attention with his financial insights. Kiyosaki, who has consistently warned about the devaluation of the US dollar, suggests that gold, silver, and Bitcoin will rise in value. Known for his long-standing support of Bitcoin, Kiyosaki has frequently compared it to fiat currencies, calling it “real” money. This article delves into the three cryptocurrencies Kiyosaki believes are worth investing in: Bitcoin, Ethereum, and Solana.
Why Bitcoin (BTC)?
For years, Robert Kiyosaki has been a staunch advocate for Bitcoin, predicting the eventual collapse of the US dollar. Initially skeptical in the early 2010s, he has since become a vocal proponent of BTC. As of July 2024, Bitcoin’s price has surged to over $66,002, marking a 58.32% increase since October 2023. Kiyosaki’s confidence in Bitcoin remains unshaken, suggesting that its value could skyrocket to $300,000, promising substantial gains for today’s investors.
What About Ethereum (ETH)?
Although Kiyosaki’s endorsements of Ethereum are less frequent, he has still expressed favorable opinions about the second-largest cryptocurrency by volume. In May 2024, he tweeted that it was an excellent time to invest in ETH. Despite positive developments like the launch of Ethereum’s own ETF, the cryptocurrency has been on a downward trend. Currently, ETH is trading at $3,311, reflecting a 0.90% uptick in the last day.
How Has Solana (SOL) Performed?
Kiyosaki’s interest in Solana dates back to 2022, and his recommendations have proven profitable. Those who invested in SOL have seen an 80% return. Over the past year, Solana has experienced a staggering 668.75% increase. As of now, SOL trades at $180, despite a recent 2.74% decrease.
Key Takeaways for Investors
For potential cryptocurrency investors, Kiyosaki’s recommendations offer some valuable insights:
- Bitcoin’s potential to reach $300,000 could yield significant returns.
- Despite recent declines, Ethereum remains a strong contender in the crypto market.
- Solana’s remarkable growth over the past year highlights its profitability.
Kiyosaki’s predictions continue to garner interest, and his insights provide actionable advice for those navigating the cryptocurrency landscape.