Robert Kiyosakithe well-known author behind the bestseller “Rich Dad Poor Dad,” reiterated his positive stance on precious metals, especially gold and silver, as well as his hopes for Bitcoin.
In a tweet released yesterday, Kiyosaki to describe gold and silver please “gods placed on earth by God”. However, he pointed out that compared to gold, silver is a more attractive value proposition due to its industrial use and increasing scarcity.
Gold is currently trading at $1,195 an ounce in the US, while silver is trading at $22.69 an ounce.
Gold & Silver Gods $ put on earth by God Problem gold is several times more expensive than silver. Silver, an industrial precious metal that becomes rarer as it is used up. To me, silver is a better bargain as a long-term investment. Best of all, anyone can cash in. Do you understand? Understood? B4Gone?
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023
Bitcoin to $100k soon
Kiyosaki noted that compared to gold, silver has a lower barrier to entry for investors. And like Bitcoin, he sees both as market potential, especially in light of the instability of the US economy.
Also on Monday (14), Kiyosaki shared his thoughts on getting to Bitcoin Soon $100,000in which he praises gold and silver as “God’s money” and cryptocurrency as “the people’s money”, which he believes could skyrocket to $1 million “if the global economy crashes”.
BITCOIN to $100k. Gold & silver have been saying GOD’S money for years. BITCOIN people $. Bad news IF stock and bond market crash gold and silver skyrocket. WORSE NEWS IF the global economy crashes BC $1 million gold $75,000 silver to $60,000. SAVERS of FAKE US$F’d. DEBT too high. Mum, dad and kids in…
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023
Bitcoin at $1,000,000 as the Economy Crashes
Kiyosaki has consistently expressed concern about rising US debt and predicted it would weaken the dollar. As such, assets such as gold, silver and Bitcoin are likely to play a prominent role as inflation hedges.
Kiyosaki recently created buzz by predicting a Bitcoin price surge to $120,000 soon, possibly by 2024. Such a prediction is in line with many analysts’ expectations, looking at the next Bitcoin halving event in 2024, which has historically been tracked. by high prices.
Other leading voices in the financial industry are also divided on the gold versus Bitcoin debate. BlackRock CEO Larry Fink has praised Bitcoin, especially after his recent filing for a Bitcoin ETF in June.
On the other hand, Ray Dalio of the behemoth hedge fund Bridgewater Associates takes a slightly more cautious view of Bitcoin, favoring gold for its stability and track record as a store of value.
While silver, gold and Bitcoin are often compared, the reality is that each asset has its own characteristics and advantages. With the current economic turmoil and ongoing changes in the global market, the advice of experts like Kiyosaki is becoming increasingly important to investors around the world.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
