Kiyosaki believes owning gold and Bitcoin is more important than debating which is better, stressing asset quantity over arguments.
He warns that the bond market collapse and rising interest rates signal broader economic problems, advising real estate over cash.
Kiyosaki emphasizes owning physical assets like gold and Bitcoin over "fake money," dismissing debates as futile in the current economy.
Robert Kiyosaki, the author of Rich Dad Poor Dad, recently caused an uproar over the future prospects of leading cryptocurrencies Bitcoin and precious metals such as gold and silver on Twitter. The author claims these assets are about to surge in price.
According to Kiyosaki, the amount of these assets one holds is more important than whether gold or bitcoin is better. He attacks people who argue over the advantages of each, implying that they will lose out if the Federal Reserve modifies its stance and cuts interest rates.
https://twitter.com/theRealKiyosaki/status/1835080610878251311 Economic Shifts and the Collapse of the Bond Market
From Kiyosaki's perspective, what determines the value of real assets like gold and Bitcoin are the forthcoming economic developments. He claims that the bond market is collapsing and that this indicates more economic issues.
The $35 trillion national debt and the quickly rising interest rates are his two biggest concerns. Since the US dollar is depreciating, Kiyosaki advises investing in real estate as opposed to hoarding what he refers to as "fake money."
Besides, Kiyosaki contends that physical asset ownership is essential and that the argument between Bitcoin and gold is superfluous. In his speech, he compares the disagreement to a bus ride argument over which car is better—a Ferrari or a Lamborghini. The owner of gold, silver, and Bitcoin, in his opinion, will get richer and be able to purchase luxuries, while the people who participate in meaningless arguments will not get richer.
Bitcoin’s Potential and Its Correlation with Gold
Additionally, despite being referred to as digital gold, Kiyosaki emphasizes Bitcoin's recent struggles to hold onto its value. Despite not having hit its former peaks yet, he says Bitcoin is still a worthwhile investment. Kiyosaki's estimate that Bitcoin may reach $300,000 further supports its potential.
Also covered by the author is the connection between gold and Bitcoin. Recent data indicates that their prices are becoming more aligned, which may indicate that Bitcoin is becoming a gold-like store of value. Critics nonetheless point out that Bitcoin is volatile, in contrast to gold's historical reputation as a reliable store of wealth.
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