Robert Kiyosaki On Bitcoin: How Fear Of Making Mistakes Keeps Investors From Building Wealth

Some call Bitcoin the biggest wealth-creation opportunity in history, yet many people hesitate to invest. According to Robert Kiyosaki, author of Rich Dad Poor Dad, the real reason for not investing isn’t lack of opportunity, it’s FOMM (Fear of Making Mistakes).

Bitcoin and the Mindset That Holds Investors Back

Recently, Kiyosaki tweeted about how people are afraid to take advantage of chances like Bitcoin. Some investors rush in at high prices due to FOMO (Fear of Missing Out) and others remain stuck, but others are stuck as they are afraid to make the wrong decision. The widespread adoption of Bitcoin may result in the loss of generational wealth if this fear-based thinking persists.

Kiyosaki contrasts two types of investors. The FOMO crowd jumps into Bitcoin as prices rise, hoping to build wealth. The FOMM crowd hesitates, overthinks and misses out, only realizing later that they let a major opportunity pass.

Kiyosaki thinks that this hesitation is a mindset issue rather than a Bitcoin-specific one. Many have been conditioned to believe that mistakes are failures rather than learning opportunities. They consequently completely avoid risks, even when the likelihood of success exceeds the fear of failure.

Financial Education Beyond Traditional Sources

Kiyosaki says Bitcoin is a once-in-a-lifetime opportunity, which makes it simpler for people to accumulate wealth outside of established financial systems. However, he warns that most people will miss out simply as they refuse to take action.

He predicts that when Bitcoin crosses $200,000, many will still hesitate, claiming it’s “too expensive,” just as they did when it was at $10,000 or $50,000. At the time of writing, Bitcoin was trading at $86,789.70, with a 24-hour trading volume of $32.96 billion.

At the same time, Kiyosaki urges people not to blindly follow his advice. “Don’t take my word for it. Listen to the people I follow and learn from them,” he said, naming figures like Jeff Booth, Michael Saylor, Samson Mow, Max Keiser, and Kathy Wood. He also encourages people to listen to Bitcoin skeptics before making a decision.

Kiyosaki asserts that conventional financial institutions and schooling do not equip people to handle opportunities such as Bitcoin. Rather than depending on conventional education or Wall Street narratives, he urges people to seek knowledge from independent sources such as YouTube, financial experts and Bitcoin enthusiasts.

He considers that understanding the difference between cautious risk and fear-driven inaction is essential to long-term financial success.

Since many investors are held back by fear, Vedang Vatsa, founder of Hashtag Web3, emphasizes a broader viewpoint.

He says, "Fear is a major barrier for investors, but it's not the only one. Lack of knowledge, regulatory uncertainty, and market volatility also play a role. Overcoming FOMM requires education, risk management, and a long-term perspective to see Bitcoin’s true potential beyond short-term price swings."