Famous author and financial educator Robert Kiyosaki said that instead of gold and other precious metals, Bitcoin He stated that he loved him more and explained the reason for this love.
Kiyosaki enthusiastically supports Bitcoin as an asset class. Even leading investors cryptocurrency He recommended investing at least $500 in the unit and predicted that its price would rise to $300,000 in the coming years.
However, in a more recent article, the famous author explained why he has great faith in Bitcoin over precious metals and other assets of a similar profile in his portfolio. Robert Kiyosaki stated that gold and silver may appreciate in value, but their growth is limited to the discovery of new precious metal deposits.
Kiyosaki announced that he invested in gold and silver and owned mines for them. It also invests in oil and owns oil wells. However, he argues that Bitcoin is a superior asset due to its fixed supply.
Kiyosaki stated that even if the price of BTC in X continues to increase, the supply will not increase as only 21 million coins will be issued. did. It seems like most of his followers got the message, with several comments highlighting that Bitcoin is truly a finite asset and that features like its four-year halving cycle make it even more special.
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…
NEWS CONTINUES BELOW— Robert Kiyosaki (@theRealKiyosaki) March 14, 2024
Robert Kiyosaki Continues to Be a Believer in Bitcoin
Robert Kiyosaki’s recent comments about BTC are not surprising to anyone who has been following the famous author for the past few years. Even as BTC began its famous decline in 2022, Kiyosaki reminded his followers that crashes were the best time to get rich through Bitcoin.
Kiyosaki also criticized the US Federal Reserve on other occasions for devaluing the dollar. The famous author urges his readers to save in Bitcoin as a hedge against failing fiat currency.
Following Bitcoin’s latest surge, Robert Kiyosaki pointed to January-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 $67,000.
Source : The Crypto Basic