“Rich Dad Poor Dad” Author Ends the Bitcoin vs Gold Debate

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Bitcoin (BTC) proponent and author of “Rich Dad Poor Dad,” Robert Kiyosaki is out again as he reignited the debate between proponents of gold and Bitcoin. In a post that stirred discussions, he expressed confusion over the ongoing debate between gold and Bitcoin enthusiasts.

Kiyosaki posted saying, “I do not get it. Why all the debate about what is better? Gold or Bitcoin? In my opinion, the only facts that count are how many gold coins do you own and how many Bitcoins?”

Robert Advises Investors to Save Up Real Money

Instead of endlessly debating which asset is superior, his message emphasizes that investors can focus on building tangible holdings in both. For Kiyosaki, gold and Bitcoin have intrinsic value, acting as hedges against inflation and economic instability. Likewise, he sees value in gold and Bitcoin as they offer different forms of security.

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I don’t get it. Why all the debate about what is better? Gold or Bitcoin? In my opinion the only facts that count are how many gold coins do you own and how many Bitcoin?
End of discussion.

— Robert Kiyosaki (@theRealKiyosaki) September 14, 2024

Meanwhile, the debate over gold versus Bitcoin has divided investors for years. Gold supporters often highlight its historical stability and tangible nature. 

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Also, Bitcoin advocates argue for its potential to disrupt traditional financial systems and its limited supply as a key factor for long-term value appreciation. However, Robert’s advice underscores the importance of diversification in today’s unpredictable financial landscape.

Robert Urged Investors to Buy Gold or Bitcoin

Recall that late last year, Robert Kiyosaki encouraged investors to increase their BTC holding rather than acquiring traditional assets. The acclaimed author encouraged his followers to ditch conventional financial systems and pivot to alternatives like gold, silver, and, Bitcoin. “Don’t be a loser. Get out of the FAKE money system. Get into gold, silver, and Bitcoin now, Before it’s too late,” Kiyosaki said.

Kiyosaki is confident that Bitcoin will reach unprecedented levels in the near future. He predicted that the coin price would hit $135,000, which came around when BTC swiftly reclaimed the $38,000 level. According to CoinMarketCap data, a unit of the flagship cryptocurrency is valued at $59,684.38 at the time of writing.

Bitcoin or Gold?

Some level of preference still exists between these two alternative assets touted by Kiyosaki. Industry players like American television personality, author, and host of Mad Money on CNBC Jim Cramer see gold as a preferred option to BTC. In his opinion, gold has proven to be an asset class with non-speculative use cases, while BTC is more or less a “risky asset.”

Goldman Sachs analysts further emphasized this point with a statement. These experts stated that gold is a useful ‘portfolio diversifier’ compared to BTC. However, an experienced hedge fund manager thinks BTC could one day replace gold. Mark Yusko, a longtime hedge fund manager at Morgan Creek Digital, claimed the price of the leading cryptocurrency would reach six figures. 

Amidst all these, investors are advised to take all predictions and opinions from experts, including Kiyosaki’s, with a pinch of salt.

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