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Cryptocurrency News Articles

Robert Kiyosaki, Author of Rich Dad Poor Dad, Explains Why Bitcoin Will Make Some People Rich and Leave Others Poor

Mar 24, 2025 at 01:15 pm

With the recent tariff war, the Fed's interest rate paused for the second time, and global economic uncertainties have created a mess in the crypto space.

Robert Kiyosaki, Author of Rich Dad Poor Dad, Explains Why Bitcoin Will Make Some People Rich and Leave Others Poor

Recent times have seen a unique confluence of events. The recent tariff war, the Fed’s interest rate pause for the second time, and global economic uncertainties have created quite a mess in the crypto space. Investors are at a crossroads weather to invest, sell, or stay firm in the market. One expert blames it on a lack of education. Here’s an enigmatic eye-opener for those who are dealing with the fear of missing out.

Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has once again penned a thought-provoking post on his personal blog, reflecting on an interesting observation.

According to Kiyosaki, people are more afraid of making mistakes than they are of missing out, and this fear factor is a major barrier to financial opportunity. Specifically, he highlighted how this "Fear Of Making Mistakes" (FOMM) prevents many from investing in Bitcoin despite the potential to change their lives.

The Importance Of Learning From The Right People

Instead of simply urging people to buy Bitcoin, Kiyosaki focused on the importance of learning from both supporters and critics to gain a balanced perspective. He follows well-known Bitcoin advocates like Michael Saylor, Samson Mow, Max Keiser, and Raoul Pal, and advises people to listen to Bitcoin critics.

A major point in Kiyosaki’s argument is that traditional education conditions people to avoid mistakes, equating errors with failure. He compares this to how babies learn to walk—through falling and trying again. If schools taught babies, Kiyosaki jokes, they’d never learn to walk. This, he believes, is why many highly educated people remain financially poor despite their intelligence.

Education Is Free—Take Advantage Of It

Kiyosaki went on to stress that the best financial education doesn’t come from schools or Wall Street but from independent thinkers and organizations. He encourages seeking out knowledge from various sources, including YouTube and online platforms.

However, Crypto Analyst CA Vivek Khatri expressed a differing opinion, arguing that Kiyosaki’s view is too simplistic and ignores structural barriers to wealth.

Khatri adds that people in lower socioeconomic classes often lack disposable income, work multiple jobs just to survive, and don’t have the time or insider access to research investments. While Bitcoin did make early adopters rich, he warns against selling false hope, emphasizing that not everyone can afford to take financial risks when survival is the priority.

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Other articles published on Mar 29, 2025