An Average Joe could have made millions in profits if they had invested in Bitcoin a decade ago. Even a small amount of investment has delivered massive returns over the years making BTC a best bet. The broader cryptocurrency market has grown in leaps and bounds and is now a larger-than-life sector with a market cap touching close to trillions of dollars.
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BTC: Here’s Why People Failed to Make Millions in Bitcoin
Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad took to X to explain why common people failed to make millions with Bitcoin when they had the golden opportunity. He stressed that the middle class and the labor class are mostly engulfed with FOMM, which is the fear of making mistakes.
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“The main reason poor people remain poor is due to FOMM: Fear of Making Mistakes. 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 added that people who fear taking an entry position now will say BTC is expensive after it crosses $200,000. “If history is any indicator, the FOMO crowd investing in Bitcoin will accelerate into generational wealth. The FOMM crowd will wait till Bitcoin passed $200K this year and say: ‘Bitcoin is too expensive.’”
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He urged the working class to begin investing in Bitcoin to ultimately make more money than the stock market. Kiyosaki stressed that people need to listen more to millionaires who believe in the prospects of BTC. He noted that he listens to Michael Saylor, Raoul Pal, Jeff Booth, Samson Mow, and Max Keiser, among others.
Also, Michael Saylor is the biggest proponent of Bitcoin as his firm MicroStrategy holds 2.4% of the overall supply. Read here to know how much profit Michael Saylor has made by investing in BTC.