The writer gives a dangerous message that can lead to false expectations.
There is an implicit message, classic in Kiyosaki, from “the poor is poor because he wants.”
That a millionaire affirms “has never been so easy to get rich” may seem a magical recipe to earn fast money or a motivational phrase to move forward.
For others, meanwhile, it may sound like a mockery or even a provocation. Because in a world crossed by economic crises and structural barriers, the message of motivational dye is not only simplistic, but is also dangerously misleading.
And taking into account that That millionaire is Robert Kiyosaki, the author of the book “Rico father, poor father”the phrase comes with its usual combo: fast promises, miraculous recipes and a dose of contempt for those who did not succeed.
This time, the financial guru said: “Anyone can become a millionaire: I can’t believe how easy it is to get rich thanks to Bitcoin (BTC). It is a pure asset design.
He also said that they often ask him: “If you say it is so easy to get a millionaire with Bitcoin … Why are there so many millions of poor people?” What I usually answer: “I also ask myself. I didn’t know how brilliant Satoshi (Nakamoto) had designed Bitcoin until I did a small study, I invested a few dollars … I configured it … I forgot it … and grew up to became several million dollars. The easiest millions I have won. I wish you the same fate. Take care of you.”
Although he does not say it textually, here appears the idea that it is easy to get a millionaire with Bitcoin (not with a magical recipe), but showing that people are poor because they want. The premise is that it is enough to study, understand how it works and Trust Bitcoin’s growth potential.
However, this type of narrative omits that not everyone starts from the same place. A person who can barely meet his basic needs is surely not thinking of buying his first Satoshis.
The message conveys that who does not take advantage of BTC and lets pass the opportunity does it for ignorance, lack of vision or, worse, due to negligence. Within that framework, poverty no longer seems to be a consequence of structural inequalities, but almost an choice.
In turn, we must highlight another issue that Kiyosaki does not mention: BTC’s growth potential. And not because there is a limit in its value, but because the speed of that growth is restricted.
Currently, Bitcoin’s price exceeds $ 115,000, as observed in the following graphic provided by TrainingView.
To put in perspective that the path to wealth through BTC is no longer so accelerated, it is enough to see the following example. Suppose to reach the status of a millionaire is equivalent to accumulating a million dollars.
Taking into account the current price of BTC, a person should invest about $ 100,000, with the expectation of multiplying for ten in the coming years, in order to exceed the threshold of one million dollars. It is a very different starting point from those who bought BTC when a few dollars were worth multiplying small investments in huge proportions.
This makes it clear that opportunities more accessible to multiply small sums of money with BTC “As happened in his early years,” they are less and less frequent. ” Kiyosaki himself says “I invested a few dollars” (although he does not clarify how many), and highlights that “it grew to become several million dollars.”
For new investors, meanwhile, the panorama is different: the yields are no longer available to a small and fast bet, but of a sustained strategy, with more capital and long -term horizons, as explained by cryptootics.
Regarding this, some projections such as that of the Ark Invest company or the investor Bram Kanstein, they point out that BTC could reach a price of one million dollars in 2030if certain global adoption scenarios, institutional investment and degradation of the traditional financial system are met (which would make that million dollars less valuable than what is worth 1 million dollars today).
Now, is kiyosaki a dangerous message? Yes it is. It is dangerous because it invisible the conditions that made its success possible. First, he had access to a good education and, in addition, he was lucky that – according to his autobiography – the father of his best friend was an entrepreneur who taught him lessons about money. From there comes the name of his book “Rico father, poor father.”
And another factor that is impossible to omit: Kiyosaki said he bought his first BTC at $ 6,000. If we take into account that today the price is around $ 115,000, that investment grew about 19 times. But the main thing is that he could invest a significant sum from the beginning, enough for his position to become several million dollars.
This “a few dollars” also shows from this point, there were several tens of thousands of dollars. They clearly do not represent “a few dollars” for a person who lives with minimal income or barely arrives end of the month. For this reason, it is worth noting that it is not only about growth potential, but who has the possibility of participating in this type of investments.
In addition, what he presents as a universal truth, “I cannot believe how easy it is to get rich thanks to Bitcoin,” is an exception enhanced by the context. That is, relatively early investment and without economic urgencies in order to assume risks.
After reading Kiyosaki’s post, a person consulted this reporter: “Is a person in poverty in a position to invest in BTC and wait for at least five years to become a millionaire?”
The answer was: “I also ask me. Because someone who lives with minimal income, who barely comes to the month, can hardly allocate money to an investment like BTC. And much less leave it immobilized for years.”
If Kiyosaki is right, it is in Point out the importance of educating and investigating before making any type of financial investmentto know the risks, plan with responsibility and take into account that not all start from the same place.
Before thinking of multiplying money, the first challenge is not to lose it for getting carried away by emotions.
