It’s not FOMO, but FOMM—the fear of making mistakes—that’s holding people back from Bitcoin wealth, says Robert Kiyosaki. Where he sees the Bitcoin price heading this year.
Robert Kiyosaki, bestselling author of Rich Dad Poor Dad, has once again pointed out a mindset that, he says, is holding many people back financially: not FOMO (Fear of Missing Out), but FOMM – the “Fear of Making Mistakes.”
In a post on X, Kiyosaki explains: “The main reason poor people stay poor is FOMM: fear of making mistakes. The greatest opportunity in history is here. Bitcoin has made it easy for anyone to get rich. Yet most people with FOMM will miss out on one of the greatest wealth creations in history.”
In his view, FOMM is particularly hampering educated people because they were taught early on that mistakes are negative. He compares this to a baby who wouldn’t learn to walk if it were scolded for every fall. Kiyosaki sees this as a failing of the school system and cites his own father as an example: highly educated but financially poor.
Kiyosaki believes that investors who act out of FOMO will contribute to generational wealth, while those with FOMM will hesitate and later say, “Bitcoin is too expensive.” He emphasizes that the window of opportunity for Bitcoin is still open but is closing quickly. For him, Bitcoin is the easiest path to wealth – provided you overcome your fear of making mistakes.
He advises getting comprehensive information. “Don’t take my word for it. Listen to the people I follow and learn from them.” At the same time, he encourages people to also listen to the arguments of Bitcoin critics in order to form an informed opinion. “Once you learn from those who love Bitcoin and those who hate Bitcoin, you decide.”
His price prediction for Bitcoin is ambitious. He sees the price at over $200,000 by the end of the year – and in the long term, he believes Bitcoin could even rise to $1 million. The world’s largest cryptocurrency is currently trading at around $88,000.
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