Robert Kiyosaki has put an end to the debate of “Bitcoin or gold?”

Intense debates have been going on for years in the financial world about which is the better investment option between gold and #Bitcoin (BTC). In this context, famous investor Robert Kiyosaki also shared his views. Kiyosaki, author of the best-selling personal finance book “Rich Dad Poor Dad,” expressed his disappointment in these debates in his X post on September 13.

Kiyosaki pointed out that instead of focusing on which asset performs better in the market or offers more advanced technological innovation, what really matters is the ownership of the assets.

“Why do we constantly argue about which asset is better? Gold or Bitcoin? I think what really matters is the amount of gold and Bitcoin you have.”

This debate between #Bitcoin and gold is shaped around the role of both assets in financial markets. Bitcoin is called “digital gold” by some because it has similar characteristics to precious metals due to its scarcity. However, due to Bitcoin’s historically high volatility, it is widely believed that using it as a store of value is risky. Whether cryptocurrencies can protect investors during economic uncertainties is still unclear.

On the other hand, while gold has been considered a stable store of value for many years, Bitcoin has not even completed a quarter of a century yet.

According to data shared by a crypto analyst with the pseudonym TheDustyBC on September 13, there is a strong positive relationship between Bitcoin and gold prices. The data provided by CryptoQuant shows the relationship between the two assets fluctuating over time; the correlation coefficient has both positive and negative values. However, it is observed that this correlation is approaching 0.6 levels and is on an upward trend as of 2024.