The price of Bitcoin (BTC), a significant cryptocurrency, is on an unremitting upward trajectory, revising historic highs one by one and occasionally dumping latecomers and excessively ambitious traders with gory multi-billion dollar avalanches of liquidations. However, the reality is that the “numbers are increasing” thus far.
Consequently, Robert Kiyosaki, the renowned financial motivator and author of the bestseller “Rich Dad Poor Dad,” addressed the performance of BTC in his most recent post. In his post, Kiyosaki contends that the increasing price of Bitcoin demonstrates that the wealthy are becoming even wealthier, as it is unlikely that more than one in eight million individuals could immediately write a cheque for $106,000.
The author enquires whether this implies that only the wealthy individuals who can purchase the entire Bitcoin in cash will become wealthier. And what happens when the price of Bitcoin increases? No, of course not, contends Kiyosaki.
Bitcoin’s brilliance, according to him, is precisely that. The cryptocurrency’s democratic design ensures that individuals who are unable to write a cheque for the full $106,000 have an equal opportunity to improve their wealth, despite the fact that the smallest division of BTC is half a satoshi.
“The lesson… Bitcoin is a democratic currency… a work of sheer design ingenuity.” Kiyosaki, however, promptly cautions against postponing the process of accumulating wealth, stating that it is imperative to begin purchasing satoshis, which, according to the author, have the potential to achieve a value of $106,000 in the future.
Although many individuals may choose to follow Kiyosaki’s advice or reject it, it is difficult to dispute the genius of Bitcoin’s design, which enables the purchase of even a single ten-thousandth of a piece.
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