Sharing what he described as a personal anecdote, Kiyosaki said he showed a friend his Coinbase app, which “was pathetic a few years ago.” The account, he said, now contains “millions of Bitcoin.” Yet he noted that his friend “couldn’t see the millions in profits…all he could see were the thousands in losses.”
“That psychological emotional difference is the most important difference between the rich, poor and middle class,” Kiyosaki wrote. “It’s called EQ, or emotional intelligence.”
According to him, “losers have low EQs. They live in the emotion known as fear,” while “the rich know that ‘fear’ and ‘greed’ are both EQs that we all have… and the rich and successful respect both EQs.”
“EQ is more powerful than IQ and that is why many highly educated people like my poor father died poor,” Kiyosaki said, calling emotional intelligence “more important than IQ in the world of money.”
Link to post: https://x.com/theRealKiyosaki/status/1983350338951504204
Bitcoin is trading stable
Kiyosaki’s bullish comments come as Bitcoin hovered around $113,125 on Wednesday, with near-term volatility driven by liquidations ahead of the US Federal Reserve’s policy decision and uncertainty over the US-China trade deal. According to Edul Patel, CEO of Mudrex, Bitcoin is likely to remain within the range “until there is clarity on the Fed’s rate cut decision and the US-China trade deal,” but any positive news “could put the bulls back in control,” pushing BTC past the resistance at $117,400.
Support for the world’s largest cryptocurrency remains solid around $107,800, Patel said.
The CoinDCX research team noted that Bitcoin “faced another strong rejection from local highs above $116,000,” while Ethereum fell below $4,000 and other major altcoins including Solana, Dogecoin and Cardano traded lower.
A long-term confidence in scarce assets
Kiyosaki’s latest message builds on his long-held distrust of fiat money and preference for scarce assets such as Bitcoin, gold and silver. Earlier this month, he urged investors “not to be late” in buying Bitcoin, warning that its supply is “running out” as the number of coins left to be mined falls below two million.
As he summed it up in his last post: “If you want to be rich and happy… it’s important that you have a high EQ, which means you have to be smarter than your greed and fear. Be careful.”
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(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)
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