The author of the bestseller Rich Dad, Poor Dad, shared his opinion on Bitcoins, gold and silver on Twitter. Robert Kiyosaki noted that BTC means to younger generations what gold is to seniors because it embodies tools to fight the “corrupt Fed.”
Bitcoin makes you smarter and richer
Technically, both assets are mined in one form or another, have a limited supply and are considered commodities by the CFTC. According to Kiyosaki, these two assets and silver can make investors smarter, richer and more resilient to Fed actions.
His views that young people prefer Bitcoins while older people prefer gold were recently supported by survey. According to the results, the younger generation bought or considered buying primary cryptocurrencies, while the age group of 65 and older stated that gold had proved its worth and deserved higher recognition.
In addition, a report from Charles Schwab last year stated that the Millennials (born between the mid-1980s and the late 1990s) are particularly fond of the Grayscale Bitcoin Trust (GBTC). In the survey, the young generation ranked GBTC as the fifth most used investment instrument.
Robert Kiyosaki and his views on BTC
A popular author who is a longtime supporter of gold and silver, but has recently changed his attitude towards primary cryptocurrency. Back in January 2020, Kiyosaki urged people to buy precious metals because Bitcoins may not survive the next crisis.
However, the crisis that followed shortly after this interview seems to have changed his mind. The COVID-19 pandemic triggered a global crisis in which most financial assets lost a substantial part of their value.
And while global stock markets recovered mainly because governments pushed out an excessive number of fiat currencies that could pump into them, Bitcoin regained its position. Therefore, Kiyosaki has recently been much more favorable to the very first cryptocurrency.
Citing specific events in which the US economy was flooded with trillions of dollars in a short period of time, he called on people to wean cash because it would lose its value. Instead, Kiyosaki advised that they collect more Bitcoins, which he called “people’s money” and gold – “God’s money.”
He later predicted that gold would reach $ 3,000 in a year, while silver would go up to $ 40 in five years. Both precious metals have actually increased since then. Kiyosaki’s forecast for Bitcoin was much more optimistic, seeing a cryptocurrency at $ 75,000 in three years.
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