In a recent statement, the renowned author of the personal finance bestseller Rich Dad Poor Dad, Robert Kiyosaki, raised concerns about the scarcity of gold in the market.
Kiyosaki, a strong advocate for precious metals, expressed his preference for Bitcoin as the ultimate asset if he had to choose only one investment.
“When asked about the better investment between Gold and Bitcoin, my answer would be both for diversification purposes, including silver. However, if I had to select just one asset, it would be Bitcoin.”
His reasoning behind favoring Bitcoin over gold lies in the finite nature of the leading digital currency.
“Gold is theoretically infinite, as the rise in price prompts more mining activities. On the other hand, Bitcoin is capped at 21 million units, with the limit nearing completion. This intrinsic design feature ensures that no more Bitcoin can be created beyond the 21 million mark.”
“Consequently, the value of Bitcoin is expected to appreciate over time. I am grateful for acquiring Bitcoin in its early stages.”
While Kiyosaki continues to invest in gold, silver, and oil, he remains critical of holding fiat currency.
“The weakening position of the US dollar indicates that savers of fiat currency are at a significant disadvantage.”
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