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Robert Kiyosaki, author of Rich Dad Poor Dad, says he still supports holding precious metals but would pick Bitcoin if forced to choose 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.”
Kiyosaki argues that Bitcoin has an advantage over gold because of its fixed supply, while gold production can increase when prices rise.
“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.”
He added that he continues to invest in gold, silver, and oil, while warning against holding fiat currency.
“The US dollar is in trouble. Savers of fiat currency (fake $) biggest losers.”