Bitcoin Is Beating Gold and Silver As USD Is Crashing: Robert Kiyosaki

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Sat, 11/14/2020 - 12:30
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Yuri Molchan
Renowned Bitcoin lover Robert Kiyosaki has tweeted that the current Bitcoin boom is eating interested parties away from gold and silver as the US dollar is dying
Bitcoin Is Beating Gold and Silver As USD Is Crashing: Robert Kiyosaki
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Famous investor in real estate, Bitcoin, silver and gold, Robert Kiyosaki, has taken to Twitter to slam the US dollar once again and remind the community that Bitcoin is beating other safe haven assets at the moment.

“Bitcoin boom beating gold and silver”

The person who authored the book on financial literacy called “Rich Dad, Poor Dad”, Kiyosaki, says that during the Bitcoin boom the world has been witnessing in Q3-Q4 this year, Bitcoin is growing faster than other inflation hedge assets – gold and silver.

Continuing the narrative he frequently shared on Twitter at the start of the year, the entrepreneur and non-fiction writer Kiyosaki has again said in his tweet that the USD is dying due to the major factors.

Those are the Chinese pandemic, the lockdown that followed and the economic stimulus measures the US government responded with, printing over $6 trl USD for bailouts and in stimulus checks for the US population that lost more jobs than during the Great Depression in 1929-1930.

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Bitcoin rolls back under $16,000

On October 21, the flagship currency managed to overcome the $12,000 resistance level and since then its growth accelerated.

The $14,000 mark was firmly exceeded on November 4, according to the data shared by CoinMarketCap. A week later, BTC was already trading above $15,000.

On November 12, Bitcoin broke above the $16,000 level, never being so close to the 2017 ATH of near $20,000. However, after reaching the $16,400 zone, BTC reversed and took a step back below $16,000.

At press-time, the world’s largest digital currency is sitting at $15,871, as per CoinMarketCap.

BTC
Image via CoinMarketCap
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.