- Bitcoin’s rise toward $100K could price out average investors, deepening the wealth gap.
- The surge in Bitcoin’s value may benefit the wealthy, leaving middle and lower-income earners behind.
- As institutional money pours in, Bitcoin’s growth could lock out everyday investors from the market.
Robert Kiyosaki, a financial expert, is now calling out people’s attention to the fact that as Bitcoin is approaching the $100,000 mark, the digital assets may spur a transfer of wealth that will leave investors behind. In a recent X post, Kiyosaki highlighted that when BTC will reach $100,000, it will be almost impossible for an ordinary person to get into the market. He finds that this will increase inequality because lower and middle income earners will bear the brunt of the costs.
Kiyosaki, who is the writer of the famous book, Rich Dad Poor Dad has been an ardent holder of Bitcoin and other assets like gold and silver. He thinks these assets are the most secure against the ‘trash’ of typical fiat currencies like USD, EUR, and JPY, which he says are depreciating in value because of inflation and economic turmoil. In the opinion of Kiyosaki, the rich, who already have assets like BTC, are only going to become even wealthier as the crypto market develops further.
Bitcoin’s Wealth Divide
Kiyosaki however believes that once BTC reaches $100,000, many people will be locked out of the market and the benefits will accrue to the ultra-rich, corporations, and sovereign wealth funds. Kiyosaki mentioned that Bitcoin might help in the new wealth redistribution but only for those who are already involved.
At the time of writing, one BTC has been trading at $96,364 which is a decrease of 1.05% in the last 24 hours. As the cryptocurrency hovers around the $100,000 per coin mark, it seems that investors are getting more and more interested, with platforms like Polymarket giving it a 74% chance of reaching this value soon.
Source: Image by Poly Market
Bitcoin’s Bullish Breakout
The price of BTC is on the chart with the formation of a double-bottom pattern which could propel the price to $106 000 before the end of the year. Transaction turnovers are also going high with a 9.19% rise, which shows that the market is getting more and more active and has gained more confidence. Due to the entry of more investors, signs of the bullish trend are observable in the Bitcoin market.
Source: TradingView
On the other hand, countries like Switzerland have already tightened the screws on Bitcoin mining which has only led to an increase in its demand. With institutional money coming into the market and the common man finding it hard to cope with the changes, the question of who will gain from BTC rise has been raised more often.
