Bitcoin's Rising Value and Its Democratic Nature

The price of major cryptocurrency Bitcoin (BTC) continues its upward trajectory, reaching historic highs while occasionally causing significant liquidations among latecomers and overly greedy traders.

In a recent post, Robert Kiyosaki, author of "Rich Dad Poor Dad," discussed Bitcoin's performance. He observes that as Bitcoin's price rises, the wealth gap seems to increase, with only one in eight million people able to write a check for $106,000.

Kiyosaki questions whether this trend benefits only the wealthy and argues against this notion. He emphasizes Bitcoin’s design as democratic, allowing everyone to accumulate wealth regardless of their financial capacity. Even purchasing a fraction of a satoshi, the smallest unit of Bitcoin, provides an equal opportunity for wealth accumulation.

Kiyosaki encourages people to start buying satoshis, believing they could eventually reach $106,000. He admires Bitcoin's brilliant design, allowing purchases of even the tiniest fractions.

This article was originally published on U.Today.