Kiyosaki's Bitcoin Bet: Genius Move or Rich Man's Folly?

Rich Dad Poor Dad author, Robert Kiyosaki, just pretending with BTC at $120k? Continue reading →It's got the NFT world buzzing, and frankly, it's ripe meme material. Is he a crypto Nostradamus or just another privileged white dude throwing darts at a blockchain dartboard?

Hodling or Folding? The Million Dollar Question

Kiyosaki’s the wrong kind of guru – He’s the one who’s been yelling from the rooftops about Bitcoin reaching $1 million for years. In fact, he came pretty darn close to going for it at $117,000. But then, BAM! $120,000 and all of a sudden he’s like, “Whoa, let's wait for a correction.”

This is where the optimistic NFT-eye view becomes important. It’s a little like seeing someone watch ape into a hot Web3 unicorn, then nexus at the first whiff of crimson. You know those Bored Apes selling for tons of dough last year? Painful.

Is Kiyosaki’s caution a piece of prudent wisdom, or is he seeing the forest for the trees? The dude’s whole shtick is based on this kind of contrarian investing. Isn't waiting for a "sale" just… mainstream? The irony is deeper than the worst poorly-minted generative art project.

Sats, Buffett, and the Whale Watch

Kiyosaki's advice to newcomers is solid: start small, even with a satoshi. It’s the crypto equivalent of recommending that someone purchase 1/32nd of a share of Apple. Fair enough. He name drops Warren Buffett. If true, it would mean this Oracle of Omaha could be biding his time waiting to swoop in on any market calamity to scoop up BTC at a discount.

Here's the unexpected connection: What if Buffett is waiting? What happens when an unexpected event causes that crash to occur? Picture the SEC suddenly getting tough on one of the big stablecoins, or a truly shocking black swan event like last year’s Terra collapse decimating the market for NFTs!

All appearances to the contrary, Kiyosaki and Buffett, while engaging in very different tactics, are both in it for the long haul. In the volatile, technologically-accelerated world of crypto — where new meme coins and DeFi protocols pop up every day — the novel doesn’t seem that different from reality. Consequently, long game can seem like a lifetime.

Beyond Bitcoin: The Altcoin Allure

Be real, as much as Kiyosaki loves to knock Bitcoin, a entire cosmos of alternative coins are out there. The resulting sponsored content in that original article is a perfect example of this. Best Wallet Token (BEST) TOKEN 6900 (Meme Coin) Bitcoin Hyper ($HYPER)

These aren’t Kiyosaki’s picks, mind you, but they do illustrate the state of the entire crypto landscape. It’s a landscape overflowing with possibility. It is equally filled with the likes of rug pulls, scams, and projects that disappear quicker than an Elon Musk typo.

The real question isn’t if you should buy Bitcoin and when, but rather what else you’re focusing your efforts on. And more importantly, what are the fundamentals?

There’s more to Kiyosaki’s Bitcoin bet than price. It's a symbol. A personal rebellion against the legacy financial system, a system he has spent his professional career farcing. But is Bitcoin truly the answer? Or is this tax loophole just another way for the wealthy to build even more—all while sticking ordinary taxpayers with the tab. Meanwhile, the rest of us are left holding bags of useless meme coins.

Whether what they’ve hatched is genius or folly, only time will tell. One thing's for sure: it's going to be one hell of a ride. Just remember, don't be a hog. If you’re feeling lucky, perhaps start diversifying your portfolio into a few blue-chip NFTs. Just kidding... mostly. Do your own research!

Whether it's genius or folly remains to be seen. But one thing's for sure: it's going to be one hell of a ride. Just remember, don't be a hog. And maybe, just maybe, consider diversifying into some blue-chip NFTs. Just kidding... mostly. Do your own research!