U.Today – Prominent entrepreneur, advocate, widely known for his popular financial self-education book “Rich Dad Poor Dad”, Robert Kiyosaki addressed the global cryptocurrency community to discuss the long-standing debate between those who bet on gold and those who prefer to invest solely in Bitcoin.
“Gold or Bitcoin?” Kiyosaki explains his stance
Kiyosaki tweeted that he doesn’t understand why many investors argue 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 these debates, he suggests, suggesting that it is wise to hold both assets. Sharing his opinion as a seasoned investor with many years of experience, he stated that “the only fact that matters” is how many Bitcoins and how many gold coins an investor has.
In his numerous and frequently posted tweets, Kiyosaki has been advocating betting on Bitcoin, gold, and silver since 2020, when the pandemic hit the world and the US government resumed quantitative easing measures and began printing US dollars to support American households, banks, businesses, and the economy at immense.
Now, as the printing press continues due to the unsettled geopolitical situation in Eastern Europe and the Middle East, Kiyosaki tweeted earlier this month that America’s national debt is currently growing by a staggering $1 trillion every 100 days due to massive government spending. And monthly interest payments on that debt have also reached $1 trillion.
Bond Market Crashes, Buy Bitcoin: Kiyosaki
In a tweet earlier this week, Kiyosaki once again addressed the issue of the U.S. national debt growing at an alarming rate. He said the bond market is collapsing because the U.S. economy is heavily influenced by debt and only the U.S. economy.
“A bond is debt, and the whole world is floating on it.” Kiyosaki added that “this slump signals deeper economic problems.”
Market crashes are perceptible, he said, reminding the audience that “bank crashes are hidden and much more dangerous.” That’s one reason he’s betting on physical assets — gold, silver and bitcoin.
He advised the community to stop saving fiat or “fake” money and start accumulating “real” money — bitcoin, silver, and gold.
