The famous author and financial educator has explained his love for Bitcoin over gold and other precious metals.
Robert Kiyosaki, the renowned financial education activist, is publicly known for his admiration of Bitcoin as an asset class. Kiyosaki has even recommended that investors put in at least $500 in the leading cryptocurrency, predicting that its price would rise as high as $300,000 in the coming years.
However, in a more recent post, the famous author clarified why he is a big believer in Bitcoin over precious metals and other assets of similar profile in his portfolio. Robert Kiyosaki noted that while gold and silver may appreciate in value, their growth is limited by the discovery of new deposits of precious metals.
Kiyosaki clarified that he invests in gold and silver and owns mines for them. At the same time, he invests in oil and owns oil wells as an investment. Nonetheless, he argues that Bitcoin is a superior asset because of its fixed supply.
Even if Bitcoin’s price keeps going up, this does not increase the supply as there will only ever be 21 million coins issued, Kiyosaki reasoned with his 2.5 million followers on X (formerly Twitter). Evidently, most of his followers got the message, with a handful of comments highlighting that Bitcoin is a truly scarce asset and that designs such as the four-year halving cycles make it even more unique.
I love gold and silver. I own gold and silver mines. The problem with gold and silver is…the higher the prices go, the more gold and silver is found. Same with oil. I own oil wells also. That is not true with Bitcoin. No matter how high the price of Bitcoin goes there will only…
— Robert Kiyosaki (@theRealKiyosaki) March 14, 2024
Robert Kiyosaki Remains a Firm Bitcoin Believer
Robert Kiyosaki’s latest comments on Bitcoin are not surprising for anyone who has followed the famed author in the past few years. Even when BTC began its infamous decline in 2022, Kiyosaki reminded his followers that crashes are typically the best time to get richer through Bitcoin.
On other occasions, Kiyosaki has criticized the U.S. Federal Reserve for devaluing the dollar. The renowned author urges his readers to save in Bitcoin as a hedge against the failing fiat currency.
Following Bitcoin’s most recent increase, Robert Kiyosaki pinpointed January to March as a golden window opportunity before a boom. He predicts that Bitcoin will rise to $500,000 by 2025, more than six times its current market value of around $67,000.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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