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Robert Kiyosaki Warns Investors Not to Miss Bitcoin’s Growing Scarcity
Robert Kiyosaki – Financial writer and prominent crypto advocate, Robert Kiyosaki, is once again encouraging his followers to invest in Bitcoin (BTC). In an October 22 post on X, the author of Rich Dad Poor Dad emphasized Bitcoin as the world’s “first truly scarce money,” pointing to its limited supply of only 21 million coins. Kiyosaki noted that with nearly 20 million Bitcoins already mined, scarcity will only increase, urging investors not to miss out as buying momentum accelerates.
Criticism of Crypto Clickbait
Shortly after his initial statement, Kiyosaki took to social media again to distance himself from sensationalist crypto media. He criticized “clickbait” headlines predicting Bitcoin’s imminent crash or an unrealistic surge to $2 million. Calling out these exaggerated claims, he highlighted the importance of focusing on substance rather than hype. He also pointed to the U.S. national debt of $37 trillion as a reason to trust in hard assets like precious metals, but stressed that Bitcoin and Ethereum (ETH) remain “real money” in today’s financial landscape.
Bitcoin’s Current Market Performance
Despite Kiyosaki’s bullish stance, Bitcoin has shown signs of weakness this week. It is down nearly 4% on the monthly chart and over 1% in the past seven days, trading around $29,665 at the time of writing. Daily trading volume has also declined by 27.34%, settling at approximately $74.78 billion. However, Bitcoin’s market capitalization is showing signs of recovery, up 1.27% on the day to about $2.18 trillion, according to CoinMarketCap.
Investors Await Key CPI Data
Market participants are now eagerly awaiting the upcoming Consumer Price Index (CPI) report scheduled for October 24. This crucial macroeconomic event is expected to heavily influence Bitcoin’s price trajectory for the remainder of the month, as traders assess its impact on the broader economic environment.
