American entrepreneur and financial author Robert Kiyosaki has issued a stark warning to Bitcoin investors, urging them to avoid excessive greed as Bitcoin nears new price milestones. The best-selling author of Rich Dad Poor Dad, which has sold over 40 million copies worldwide, shared his thoughts on Bitcoin’s recent surge and why he plans to stop buying the cryptocurrency once its price hits $100,000.

Kiyosaki’s Caution: “Hogs Get Fat, Pigs Get Slaughtered”

Kiyosaki, known for his financial wisdom, advised Bitcoin holders to exercise caution and warned against becoming overly greedy. “Not a time to get greedy. Always remember… hogs get fat, pigs get slaughtered. Don’t be a pig,” he cautioned. His advice reflects a common principle in investing: avoiding the trap of chasing profits at the expense of sound judgment.

As Bitcoin approaches $100,000, Kiyosaki plans to stop adding to his Bitcoin holdings. The entrepreneur stated that he would continue buying Bitcoin up until it hits this level, but once it surpasses the $100,000 mark, he will no longer be a buyer. This cautious stance comes as Bitcoin’s price continues its rapid ascent.

Bitcoin Price Surge: Is $100K Imminent?

Currently, Bitcoin is trading at around $88,894, having recently hit a lifetime peak of $89,560. The cryptocurrency has been on an impressive upward trajectory, fueled by a combination of market optimism, institutional interest, and increasing public awareness. Bitcoin’s rise has even seen it surpass silver in market capitalization, further solidifying its status as a digital asset of significance.

With Kiyosaki’s warning echoing through the crypto community, many are wondering if Bitcoin will soon reach the coveted $100,000 threshold. While some analysts predict further price gains, Kiyosaki’s cautionary words emphasize the risks of falling into the trap of “FOMO” (fear of missing out) as the price nears new highs.

Kiyosaki’s Long-Term Bitcoin Prediction

Kiyosaki has been bullish on Bitcoin for quite some time. Earlier this year, he predicted that Bitcoin could hit $350,000 by the end of 2024, a bold forecast that has caught the attention of many. However, despite his long-term optimism, his latest comments reflect a more measured approach, suggesting that once Bitcoin reaches $100,000, investors should be cautious and avoid getting caught up in the hype.

Why Kiyosaki is Cautious About Bitcoin’s Future

Kiyosaki’s cautious stance stems from his broader view on market cycles and risk management. As an advocate for financial education, he often emphasizes the importance of understanding market trends, managing risk, and not allowing greed to cloud judgment. Bitcoin’s meteoric rise, while impressive, could also invite a sharp correction once it reaches its peak, something Kiyosaki appears to be preparing for.

His advice is particularly relevant as Bitcoin’s market volatility continues to make headlines. With the cryptocurrency’s price fluctuating dramatically, Kiyosaki’s warning serves as a reminder that every market has its cycles, and it’s important for investors to stay grounded, even when things seem to be going up rapidly.

Conclusion: Is Kiyosaki’s Warning Justified?

As Bitcoin inches closer to $100,000, the advice from Kiyosaki is worth considering. While the potential for further gains remains strong, the risk of a market correction is ever-present. Kiyosaki’s warning highlights the importance of taking profits, managing risk, and avoiding the temptation of chasing prices as they reach new heights.

Whether Bitcoin will continue its rise to $100,000 and beyond, or if it will face a correction remains to be seen. One thing is clear, though: Kiyosaki’s cautious approach to investing is a reminder that success in the market comes not only from spotting opportunities but also from knowing when to step back.