The author of the personal finance bestseller Rich Dad Poor Dad just issued a warning about the scarcity of gold.
Robert Kiyosaki says he remains a big believer in precious metals, but he would choose to buy Bitcoin if allowed to hold only one asset.
“I am often asked: Which is a better investment? Gold or Bitcoin. Obviously I would say both for diversification of assets and add silver. Yet if I had to choose only one asset I would choose Bitcoin.”
He believes Bitcoin is better than gold because the leading digital asset is finite by design.
“Gold is in theory infinite. When the price of gold rises more gold miners, which I am….will dig more.
Bitcoin, by design is limited to 21 million…. a number which we are near now. That means….by design….no more Bitcoin can be added after 21 million are mined.
That means the price of Bitcoin should only go up. Glad I bought my Bitcoin early.”
Kiyosaki says he is investing in gold, silver and oil but is opposed to the idea of saving fiat.
“The US dollar is in trouble. Savers of fiat currency (fake $) biggest losers.”
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