Financial educator Robert Kiyosaki, best known for his book ‘Rich Dad, Poor Dad,’ has recently shared an interesting insight, prioritizing silver over Bitcoin and gold. According to Kiyosaki, silver is poised for a substantial growth, with its price predicted to surge to $200 per ounce.
Interestingly, this unexpected endorsement has sparked enthusiasm among investors and traders. Let’s explore Robert Kiyosaki’s financial advice and the reasons behind his preference for silver over Bitcoin and gold.
Robert Kiyosaki Prefers Silver Over Bitcoin and Gold
In a surprising development, Robert Kiyosaki, who has been a longtime advocate of Bitcoin, has expressed his current preference for silver over BTC and gold. In his recent X post, Kiyosaki wrote, “Silver for the next two months is the best of the three, gold, silver, and Bitcoin.”
Significantly, Kiyosaki believes that silver is currently the best of the three assets- Bitcoin, gold, and silver. As per his arguments, silver is expected to reach $70 per ounce in the near future and potentially $200 in a year or two. It is worth noting that he bases this prediction on his long-standing concerns about the devaluation of fiat currency due to inflation.
‘The Rich Get Richer,’ Says the Author
Notably, Robert Kiyosaki has long warned against saving fait currency, which he addresses as the “fake money.” Instead, he has been advocating investors to get richer through real assets like gold, silver, and Bitcoin. However, he noted in his recent X post that most individuals continue to use and save fiat currencies.
Further, Kiyosaki added that the increasing investments in fiat currencies could lead to a decline in purchasing power as the prices of gold, silver, and Bitcoin rise. This phenomenon, attributed to inflation—which Kiyosaki calls “government theft”—effectively makes those saving fiat money poorer.
“I want you to grow richer… not poorer. Please start working for and saving gold, silver, and Bitcoin,” stated Kiyosaki. He further cited, “The best news is, almost everyone in the world can afford at least 1 silver coin today….but not tomorrow.”
This development comes following Kiyosaki’s recent prediction that Bitcoin could be game-changer for the US economy. He asserted that the adoption of a Bitcoin reserve could help America to resolve its financial concerns.
Robert Kiyosaki Slams Crypto ETFs
Recently, Robert Kiyosaki criticized crypto exchange-traded funds (ETFs) as artificial constructs that obscure the true value of the linked assets. Emphasizing the value of gold, silver, and Bitcoin, he posited that they hold inherent worth beyond their digital representation.
In another similar update, Kiyosaki sparked controversy, accusing the Federal Reserve and the banking sector of corruption and mismanagement. He dismissed the US Dollar as the biggest scam in contrast to the real asset, Bitcoin.
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