👀 Ones to watch: Undervalued stocks to buy before they report Q3 earningsSee Undervalued Stocks

'Rich Dad Poor Dad' Author Ends Harsh 'Bitcoin vs Gold' Debate

Published 09/14/2024, 04:01 PM
Updated 09/14/2024, 07:45 PM
© Reuters \'Rich Dad Poor Dad\' Author Ends Harsh \'Bitcoin vs Gold\' Debate
XAU/USD
-
BTC/USD
-

U.Today - Prominent entrepreneur, Bitcoin supporter, widely known for this popular book on financial self-education “Rich Dad Poor Dad,” Robert Kiyosaki, has addressed the global cryptocurrency community to talk about the long-running debate between those who bet on gold and those who prefer to invest only in Bitcoin.

"Gold or Bitcoin?" Kiyosaki clarifies his stance

Kiyosaki tweeted that he does not understand why many investors have been arguing as to which is better — gold or Bitcoin. “I don’t get it. Why all the debate about what is better?” he wrote.

There is no point about these debates, he suggests, hinting that it is wise to hold both assets. Sharing his take of a skilled investor with multi-year experience, he stated that “the only fact that counts” here is how many Bitcoins and how many gold coins an investor has.

In his multiple and frequently published tweets, Kiyosaki has been advocating betting on Bitcoin, gold and silver since 2020, when the pandemic struck the world and the U.S. government resumed quantitative easing measures and began to print U.S. dollars to support U.S. households, banks, businesses and the economy in general.

Now, as the printing continues due to the uneasy geopolitical situation in Eastern Europe and in the Middle East, Kiyosaki tweeted earlier this month that the national debt of America is currently expanding by a whopping $1 trillion every 100 days due to a vast government overspending. And the monthly interest payouts on this debt have already also reached $1 trillion.

Bond market crashing, buy Bitcoin: Kiyosaki

In a tweet published earlier this week, Kiyosaki again brought up the subject of the U.S. national debt increasing at an alarming pace. He stated that the bond market is crashing since the U.S. economy is under a big impact of the debt and only the U.S. economy.

“A bond is debt, and the whole world is floating on it.” Kiyosaki added that “this collapse signals deeper economic troubles.”

The market crashes are visible, he said, reminding the audience that “banking crashes are hidden and much more dangerous.” This is one of the reasons why he is betting on physical assets — gold, silver and Bitcoin.

He advised the community to stop saving fiat “fake” money and begin saving up “real” money — Bitcoin, silver and gold.

This content was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.