U.Today – Prominent entrepreneur and advocate, widely known for his popular financial self-education book “Rich Dad, Poor Dad,” Robert Kiyosaki, has addressed the global cryptocurrency community to discuss the long-standing debate between those who are all for gold and those who prefer to invest only in Bitcoin.
“Gold or Bitcoin?” Kiyosaki clarifies his position
Kiyosaki tweeted that he doesn't understand why many investors have been arguing about which is better: gold or bitcoin. “I don't get it. Why all the debate about which is better?” he wrote.
There is no point in having these debates, he suggests, implying that it is wise to hold both assets. Sharing his opinion as an experienced investor with several years of 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 posted tweets, Kiyosaki has been advocating for betting on Bitcoin, gold and silver since 2020, when the pandemic hit the world and the US government resumed quantitative easing measures and started printing US dollars to support households, banks, businesses and the US economy at large.
Now, as the shock continues due to the awkward geopolitical situation in Eastern Europe and the Middle East, Kiyosaki tweeted earlier this month that the US national debt is currently increasing by a whopping $1 trillion every 100 days due to massive government overspending. And monthly interest payments on this debt have already hit $1 trillion.
Bond market crashes, buy Bitcoin: Kiyosaki
In a tweet posted earlier this week, Kiyosaki again raised the issue of the US national debt, which is rising at an alarming rate. He claimed that the bond market is collapsing because the US economy is under a huge impact from debt and only the US economy.
“A bond is debt and everyone is floating on it,” Kiyosaki added, adding that “this collapse is a sign of deeper economic problems.”
Market crashes are visible, he said, reminding the audience that “banking crashes are hidden and much more dangerous.” This is one of the reasons he is betting on physical assets: gold, silver and bitcoin.
He advised the community to stop saving “fake” fiat money and start saving “real” money: Bitcoin, silver and gold.
This article was originally published on U.Today
