Bitcoin and the psychology of wealth: Robert Kiyosaki on why most people stay poor
Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, believes the biggest reason people remain poor isn’t a lack of opportunity—it’s the Fear of Making Mistakes (FOMM). In a recent tweet, he warned that this fear prevents many from taking advantage of what he calls the greatest wealth creation event in history: Bitcoin.
Fear of making mistakes vs. Fear of missing out
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-119418091»>Most investors are familiar with FOMO (Fear of Missing Out)—the rush to invest when an asset is soaring. However, Kiyosaki argues that FOMM is even more damaging. “The biggest opportunity in history is here… Bitcoin has made it easy for everyone to become rich… Yet most people with FOMM will miss one of the greatest wealth creations in history,” he wrote.
He predicts that Bitcoin’s price will surge past $200,000 this year, but those with FOMM will hesitate and later say, “Bitcoin is too expensive.” Meanwhile, the FOMO crowd will accelerate their investments, creating generational wealth.
Learning from Bitcoin advocates and skeptics
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