Renowned financial author and investor, Robert Kiyosaki, has long been an advocate for hard assets like gold, silver, and Bitcoin. As the writer of Rich Dad Poor Dad, Kiyosaki’s financial advice has always centered around achieving financial freedom and safeguarding wealth. But with so many investment options available today, the question of whether Bitcoin or gold is the better investment continues to spark debate. Recently, Kiyosaki addressed this topic in a series of posts, offering a fresh perspective on where to focus.
The Evolution of Value: From Gold to Bitcoin
Historically, the world operated on a barter system where the value of goods and services was traded directly. Over time, precious metals like gold and silver became the go-to standard for exchanging value. Eventually, paper money replaced metals, and now digital assets like Bitcoin are emerging as contenders. However, as inflation continues to rise and global financial systems face increased instability, Kiyosaki argues that it’s not just about having money but about investing in assets that continuously grow in value.
Why Kiyosaki Advocates for Bitcoin and Gold
Kiyosaki’s endorsement of Bitcoin, gold, and silver is rooted in his skepticism of paper money, banks, and government control. His concern has heightened in light of the recent collapse of five major U.S. banks, with reports indicating that 63 others could be on the brink. Kiyosaki warns that panics in banks are often invisible to the average person, unlike the visible declines seen in capital markets like stocks, bonds, and real estate.
In a post on X (formerly Twitter), Kiyosaki stated:
“Panics in capital markets are visible. That means everyone knows when the stock, bond, or real estate markets are crashing. Panics in banks are invisible. That means most people have no idea when their bank is bankrupt.”
His advice? Invest in hard assets—gold, silver, and Bitcoin—rather than entrusting financial institutions and paper money.
The Looming Crash and Future of Bitcoin and Gold
Kiyosaki has consistently warned of an impending market crash, which he believes will impact Bitcoin, bonds, gold, silver, and real estate. While he predicts this crash will be severe, he is optimistic that patient investors will be rewarded. According to him, once the dust settles, Bitcoin could surge to $10 million, gold could reach $15,000 per ounce, and silver might hit $110,000.
So, Bitcoin or Gold?
While Kiyosaki has consistently endorsed both Bitcoin and gold, he has never explicitly favored one over the other. Instead, he advocates for a diversified portfolio that includes gold, silver, and Bitcoin. However, in one of his more recent posts, Kiyosaki hinted at a slight preference for Bitcoin:
“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 are 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 be 21 million ever. That’s why I love Bitcoin.”
This statement reflects a fundamental difference between Bitcoin and gold. While gold is a finite but discoverable resource, Bitcoin’s supply is capped at 21 million, making it truly scarce and potentially more valuable in the long term.
Final Thoughts: It’s Not About the Debate
Despite the ongoing debate between Bitcoin and gold, Kiyosaki believes that focusing on which is better misses the point. According to him, it’s more important to focus on how much of each asset you own:
“I don’t get it. Why all the debate about what is better? Gold or Bitcoin? In my opinion, the only facts that count are how many gold coins do you own and how many Bitcoin? End of discussion.”
Ultimately, Kiyosaki advises against getting caught up in the debate over which asset is superior. Both Bitcoin and gold are valuable investments in their own right, and his recommendation is clear: secure your financial future by accumulating both.
In today’s volatile financial landscape, it’s clear that Robert Kiyosaki continues to champion Bitcoin, gold, and silver as vital components of a secure, diversified portfolio. Whether you choose one over the other, his advice remains the same—invest in hard assets that can safeguard your wealth against inflation, market crashes, and financial instability.
ENG WANJIKU
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