As a seasoned researcher with extensive experience under my belt, I find Robert Kiyosaki’s recent statements on gold and Bitcoin intriguing. Having closely followed his career and investment advice since the 2008 financial crisis, it seems to me that Mr. Kiyosaki’s stance on diversifying investments into both gold and Bitcoin is a wise move, especially in times of economic uncertainty.
Renowned entrepreneur and Bitcoin advocate, Robert Kiyosaki – best known for his influential book “Rich Dad Poor Dad” on financial self-education – has stepped into the ongoing discussion among global cryptocurrency enthusiasts, pitting those who favor investing in gold against those who champion Bitcoin.
“Gold or Bitcoin?” Kiyosaki clarifies his stance
Robert Kiyosaki questioned on Twitter why so many investors are debating over whether gold or Bitcoin is superior, stating “I just don’t comprehend the ongoing argument about which one is better.
He implies that these debates are not worthwhile, suggesting instead that it’s wise for investors to hold both Bitcoin and gold. Drawing from his extensive multi-year investment experience, he emphasized that the crucial factor in this situation is the number of Bitcoins and gold coins an investor possesses.
From my perspective, it seems unnecessary to engage in lengthy discussions over which is superior between gold and bitcoin. What truly matters is the quantity of each asset one possesses. In essence, the debate ends there.
— Robert Kiyosaki (@theRealKiyosaki) September 14, 2024
Through numerous and recurring tweets, Kiyosaki has consistently encouraged investing in Bitcoin, gold, and silver since 2020, a time marked by the global pandemic and the US government’s resumption of quantitative easing policies, which involved printing U.S. dollars to bolster households, banks, businesses, and the economy as a whole.
Currently, with tensions persisting in Eastern Europe and the Middle East, Kioysaki recently pointed out that America’s national debt is escalating at an astounding rate of approximately $1 trillion every 100 days, primarily due to excessive government spending. Additionally, the monthly payments in interest on this debt have already surpassed $1 trillion as well.
Bond market crashing, buy Bitcoin: Kiyosaki
Earlier this week, Kiyosaki reiterated concerns about the rapid escalation of the U.S. national debt. In his tweet, he suggested that the bond market is experiencing a downfall primarily due to the heavy burden of the debt on the U.S. economy.
A bond represents a loan, and the entire global economy seems to be sailing on this debt. Robert Kiyosaki further noted that this impending collapse may point towards more significant economic issues beneath the surface.
He pointed out that market collapses are obvious, but warned the crowd about banking failures, which can be concealed yet far more perilous. This is one reason he’s putting his faith in tangible investments like gold, silver, and Bitcoin.
He advised the community to stop saving fiat “fake” money and begin saving up “real” money – Bitcoin, silver, and gold.
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2024-09-14 11:17