Even though he owns gold and other major assets, Robert Kiyosaki explains why he loves Bitcoin the most.
American author and businessman Robert Kiyosaki has once again expressed his enthusiasm about Bitcoin (BTC), the leading cryptocurrency. He explained in his latest tweet why Bitcoin is better than other top assets like gold, silver, and oil.
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
Kiyosaki: BTC is Better than Gold and Silver
The renowned American author acknowledged owning gold and silver mines and oil wells. Still, he noted a downside; the more these assets are discovered through mining processes, the more the values of existing assets are diluted. This factor, Kiyosaki mentioned, does not affect BTC’s value.
According to Kiyosaki’s tweet, Bitcoin’s value is underpinned by its hard cap of 21 million coins. Currently, over 19.6 million BTC have circulated in the market. The remaining coins will roll out as block rewards via the Bitcoin mining mechanism. On April 19th, the block reward will reduce from 6.25 BTC to 3.125 BTC to protect the leading crypto asset from inflation.
Aside from Kiyosaki’s comments, recent data shows Bitcoin outperforming prominent assets like gold and silver. Since the spot Bitcoin exchange-traded fund (ETF) rollout in the United States, investors have poured billions of dollars into the product. A recent report showed that the asset under management (AUM) of Bitcoin ETFs could outperform the gold ETF market if it sees a weekly inflow of $2 billion for the next six months. Another report showed that BlackRock’s IBIT, one of the Bitcoin-based ETF products, surpassed the largest Silver ETF.
Kiyosaki Remains Bullish on BTC
Over the years, Kiyosaki has remained long-term bullish on the largest cryptocurrency. He is known for giving financial advice to people to accumulate as much BTC as they can. In September 2023, the renowned author of the best-selling finance book Rich Dad Poor Dad, explained that now is the best time to buy BTC. The asset sold for around $30,000 at the time.
Today, BTC trades at $67,200, representing an 8.3% decrease in the last 24 hours.
Source: CoinStats
