During a recent interview with Kitco News, Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, shared his latest thought on silver, gold, and Bitcoin.
“Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude.”
At various times during the current COVID-19 pandemic, Kiyosaki has been criticizing the Federal Reserve’s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by using their fiat holdings to buy silver, gold, and Bitcoin.
Episode #263 of Anthony Pompliano’s “Pomp Podcast”, which was released on April 7, featured an interview with Kiyosaki.
During this interview, Pompliano (aka “Pomp”) asked for Kiyosaki’s thoughts on “traditional inflation hedge” assets.
“Gold and silver are God’s money. Bitcoin is open source people’s money.“
With regard to the Bitcoin segment of the interview, Makori started by reminding Kiyosaki that he had correctly predicted on Twitter back on 13 December 2020 that the price of Bitcoin would soon reach $50K:
Makori then asked Kiyosaki now that Bitcoin is trading in the high 50k range if it is too late to get into Bitcoin and where he sees the price of Bitcoin going.
“I bought bitcoin at $9,000 and I thought I was being fleeced, but the reason I bought it at 9K was because Covid shut down the world economy…
“I wish I’d bought it at 10 cents like a lot of people did, but now I look like a genius because today it’s around $55,000… and I think it’s gonna go to 1.2 million in five more years.
“So, I’m still advocating it all. I prefer gold and silver. I do because Bitcoin is still untested, but I have the wherewithal to withstand the hit if if it goes down, but gold and silver are God’s money.“
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.