Robert Kiyosaki, the entrepreneur best known for his financial guide Rich Dad Poor Dad, which has sold over 40 million copies worldwide, recently cautioned Bitcoin holders against letting greed take over as the cryptocurrency continues its rally.
Kiyosaki has said he will keep purchasing Bitcoin until it reaches $100,000, but beyond that, he’ll step back from buying.
“Now is not the time to get greedy. Remember… hogs get fat, pigs get slaughtered. Don’t be a pig,” he advised.
Bitcoin recently hit $88,894, almost reaching the $90,000 milestone. This achievement follows yesterday’s surge, where Bitcoin surpassed silver in market capitalization.
Previously, Kiyosaki had predicted that Bitcoin could reach $350,000 by the year’s end, a forecast some found contradictory to his recent caution on buying at $100,000.
In July, Kiyosaki even suggested the cryptocurrency could eventually soar to $10 million.
As Bitcoin pushed past $111,000 on May 22, breaking its previous all-time high, activity in the futures market erupted in response.
Fifteen years ago, a programmer unknowingly made history when he traded 10,000 bitcoins for two pizzas—marking the first documented purchase using cryptocurrency.
Strategy, the rebranded identity of MicroStrategy, is preparing to raise up to $2.1 billion through the sale of preferred stock as part of its ongoing effort to grow its Bitcoin portfolio.
Bitcoin’s return to six-figure territory has reignited market optimism, but unlike the short-lived surge seen in January, the current rally appears to be built on firmer ground.