Renowned financial educator Robert Kiyosaki, author of Rich Dad Poor Dad, has once again issued a strong endorsement of Bitcoin, warning that an overlooked psychological barrier—Fear of Making Mistakes (FOMM)—could prevent many from building generational wealth.
In a post on X on Monday, Kiyosaki contrasted two opposing mindsets among investors:
- FOMO (Fear of Missing Out): Those who rush into Bitcoin to avoid missing an opportunity.
- FOMM (Fear of Making Mistakes): Those who hesitate out of fear of making the wrong decision, ultimately missing out.
According to Kiyosaki, history suggests that the FOMM crowd will remain on the sidelines, only to lament their inaction when Bitcoin reaches new highs.
"If history is any indicator," he wrote, "the FOMM crowd will wait until Bitcoin passes $200K this year and then say, ‘Bitcoin is too expensive.’”
Bitcoin as the Ultimate Hedge—But Only for Those Willing to Take Action
Kiyosaki has previously forecasted that Bitcoin could reach $250,000 by 2025, a projection he reaffirmed as institutional adoption accelerates and distrust in traditional fiat currencies deepens.
A longtime critic of central banks and government-controlled financial systems, Kiyosaki views Bitcoin as more than just an asset—it’s a hedge against inflation, economic instability, and what he calls “fake money.” In his eyes, it represents financial independence outside of the influence of Wall Street and institutional gatekeepers.
This time, however, he went even further, calling Bitcoin “the biggest opportunity in history.” He argued that many people will fail to capitalize on it simply because they have been conditioned—especially through traditional education—to fear failure instead of learning from it.
"Most of us have heard of FOMO," he explained. "Yet…the main reason poor people remain poor is FOMM: Fear of Making Mistakes."
Fear of Failure Is the Real Financial Risk, Not Bitcoin
Kiyosaki criticized how the education system teaches people to avoid mistakes at all costs, fostering a risk-averse mindset that prevents them from seizing opportunities.
Rather than fearing losses, he urged people to educate themselves about Bitcoin and the broader financial revolution taking place. He specifically recommended learning from leading Bitcoin advocates such as Jeff Booth, Michael Saylor, Samson Mow, and Max Keiser, all of whom have provided valuable insights into the crypto space.
Importantly, he noted that financial education today isn’t confined to universities or Wall Street—it’s freely available online for those willing to seek it out.
In Kiyosaki’s view, the biggest mistake isn’t buying Bitcoin—it’s allowing fear to stop you from taking action at all.