Wu Blockchain (@WuBlockchain): Robert Kiyosaki: Many make hundreds of millions from Bitcoin but can't preserve wealth
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Robert Kiyosaki: Many make hundreds of millions from Bitcoin but can't preserve wealth On November 12, Rich Dad Poor Dad author Robert Kiyosaki @theRealKiyosaki said in a video that he supports crypto because traditional finance is "too corrupt," but criticized many Bitcoin windfall winners for not knowing what to do with their money. He argued that without understanding how money works, profits are just luck. He mocked those who buy Lamborghinis and Ferraris after making money in Bitcoin as merely "marrying into the royal family called Bitcoin," only to repeat a cycle of luxury spending, bigger houses, and higher taxes. Kiyosaki stressed that the issue isn't how much money you have, but your mindset: selling Bitcoin triggers taxes, while borrowing against it risks liquidation. True wealth, he said, requires thinking like an investor-not cashing out to flaunt consumption.