Despite limited understanding, Kiyosaki recommends Bitcoin
As the author of "Rich Dad Poor Dad" and a bestselling personal finance author, Robert Kiyosaki has been warning about a major economic collapse and the devaluation of the US dollar (USD), once again emphasizing why Bitcoin (BTC) and silver should be part of everyone's investment portfolio.
Specifically, in an episode released on January 24th on the "Rich Dad Channel," Kiyosaki discussed Bitcoin and silver with Andy Schectman, CEO of precious metals investment company Miles Franklin, and radio talk show host Charles Goyette, author of "Red and Blue and Broke All Over."
The author of "Rich Dad Poor Dad" admitted to knowing little about decentralized finance (DeFi) assets, but believes in the success of Bitcoin, stating that "very smart people" have invested in it and support it. He also explained:
"I always say 'gold, silver, and Bitcoin,' I know nothing about Bitcoin. I just know that very smart people have invested in it, and thank God I bought it early."
On the other hand, Goyette is more cautious and prefers to try something "precious, durable, liquid, and sought after for thousands of years," advocating testing Bitcoin at his own cost rather than others' cost.
However, Schectman pointed out that this doesn't have to be an "either-or" situation, as "they are speaking the same language, both against a foolish monetary system, which has inspired a younger generation to realize this." Schectman added, "I think the issue is that people think you can only choose one. Both have a place in a portfolio. They are both trying to achieve the same goal," he concluded.
Kiyosaki's previous predictions about Bitcoin
It is worth noting that Kiyosaki is a staunch supporter of Bitcoin and had previously shared predictions about the cryptocurrency's price potentially rising to $1 million if the world economy collapses, although he later corrected these predictions and advised followers to focus on Bitcoin's halving.
Meanwhile, as of January 29th, by market capitalization, Bitcoin is the largest asset in the cryptocurrency industry, with a trading price of $42,205 according to COINOTAG's data. This represents a 0.43% increase in the past 24 hours, still showing a 4.06% increase over the past seven days and a 1.22% increase over the past month.
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