Robert Kiyosaki, the author of the bestseller “Rich Dad, Poor Dad” and an entrepreneur, emphasized the limited supply of the first cryptocurrency.
I love gold and silver. I own gold and silver mines. The problem with gold and silver is…the higher the prices go, the more gold and silver is found. Same with oil. I own oil wells also. That is not true with Bitcoin. No matter how high the price of Bitcoin goes there will only…
— Robert Kiyosaki (@theRealKiyosaki) March 14, 2024
“I love gold and silver. […] The problem with gold and silver is that the more expensive they become, the more is found. The same goes for oil,” the investor wrote.
According to him, the situation is fundamentally different for Bitcoin. Regardless of the rise in the price of digital gold, its supply is capped at 21 million BTC. This is why Kiyosaki “loves” the first cryptocurrency.
In January, following the approval of spot Bitcoin ETFs in the US, Kiyosaki predicted a price surge to $150,000. The entrepreneur urged exchanging “fake dollars” for gold, silver, and the first cryptocurrency.
Later, he explained that he views Bitcoin as a “safeguard against wealth theft” by authorities and bankers through inflation, taxes, and stock price manipulation. For this reason, he prefers investing in digital gold and encourages others to do the same.
In September 2022, Kiyosaki recommended buying Bitcoin and other cryptocurrencies ahead of the “biggest economic crash in history.” In November, he reaffirmed his commitment to digital gold despite the FTX collapse.
In March 2023, the entrepreneur urged investment in Bitcoin and precious metals amid issues with regional US banks. He reiterated his recommendations in April and May.
In September, Kiyosaki stated that investing in Bitcoin is essential before the launch of the digital dollar in the US. Prior to this, he criticized the idea of CBDCs.
In March 2024, the investor forecasted Bitcoin’s rise to $300,000 within the year.