Robert Kiyosaki unveils the commodity he's stockpiling extensively
Ready to dive into the world of digital gold? Robert Kiyosaki, the acclaimed author of the bestseller 'Rich Dad Poor Dad', is once again endorsing a new investment trend – Bitcoin (BTC). In a recent post on X, the investor expressed his enthusiasm for the cryptocurrency, and revealed he's not only holding onto it, but actively buying more as it trades above $100,000.
Kiyosaki is convinced that Bitcoin will skyrocket to $250,000 this year, reiterating his prediction in the face of a crumbling global financial system. In the long run, he sees Bitcoin potentially hitting the milestone of $1 million. With traditional institutions and currencies losing credibility and stability, Kiyosaki sees alternative commodities, such as gold, silver, and Bitcoin, thriving as the global financial system collapses.
His renewed Bitcoin endorsement follows months of support for hard assets. Previously, Kiyosaki expressed strong interest in silver, describing it as the most undervalued investment opportunity on the market. He underscored silver's current prices, still well below its all-time highs, as a unique chance for individuals with limited capital to start building wealth.
The Edge of Bitcoin Over Gold
Despite gold already hitting record highs, and Bitcoin gaining increasing institutional interest, Kiyosaki remains unwavering in his opinion that Bitcoin holds the upper hand. He cites Bitcoin's fixed supply of 21 million coins as the key differentiator. Unlike gold or silver, which can be mined in greater quantities when prices rise, Bitcoin's absolute scarcity serves to bolster its long-term value.
Although Kiyosaki owns gold, silver, and oil-producing assets, he views Bitcoin as the purest hedge against inflation and central bank mismanagement. As he puts it, "When the price of gold, silver, or oil goes up, I'll simply mine or drill for more, expanding supply." Bitcoin, on the other hand, offers a scarce asset, making it a more reliable store of value in an unpredictable financial world.
Cover photo via Ben Shapiro's YouTube channel
[1] "Rich Dad Poor Dad": A must-read guide to financial independence by Robert Kiyosaki. [2] Robert Kiyosaki's Prediction: Bitcoin Set to Hit $250,000 in 2021 and $1 Million in the Long Run. [3] Kiyosaki Calls Silver Most Undervalued Investment Opportunity. [4] Kiyosaki continues to Champion Alternative Assets as a Safeguard Against Inflation. [5] Why Bitcoin is a Stronger Asset Than Gold in Times of Economic Uncertainty: A Review of Robert Kiyosaki's Investment Philosophy.
- In light of his strong stance against increasing inflation and central bank mismanagement, Robert Kiyosaki views Bitcoin, with its limited supply of 21 million coins, as a more reliable store of value compared to gold or silver.
- Kiyosaki, who advocates hard assets like gold, silver, and oil, believes that Bitcoin, due to its absolute scarcity, holds the upper hand over gold, especially in an unpredictable financial world where prices can fluctuate drastically.
