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Robert Kiyosaki, an entrepreneur and an advocate of financial education, also famous for authoring the “Rich Dad Poor Dad” book in the late 1990s, has revealed what asset he is betting on more than on Bitcoin over the next few months.
He expects this asset to reach a new all-time high in the near future.
Caroline AmosunBitcoin versus "fake money"
Robert Kiyosaki, whom many believe to be a real financial guru, has again drawn the community’s attention to the subject of fiat money, which he refers to as “fake money” made by governments. He reminded his audience that, for many years, he has been advocating investment in physical gold and silver, and five years ago he added Bitcoin to those recommendations.
All that time, he has been urging average investors not to save fiat money but what he believes to be "real" assets – physical gold, silver coins and Bitcoin (even if it is being saved in Satoshis, BTC particles). “Unfortunately most people work for and save “fake money,” he tweeted.
The prices of these three assets go up constantly, Kiyosaki insisted, and those who save them get richer, while "the purchasing power of those who work for and save fake money get poorer….via government theft known as 'inflation.'"
He said that since he wants his audience to grow richer and not poorer, it is important that they “start working for and saving gold, silver, and Bitcoin.”
Yuri MolchanNew ATH for this "better than Bitcoin asset" soon
Kiyosaki has claimed that among the three “real assets” – gold, silver and Bitcoin - “Silver for the next two months is the best of the three.” Today, he reminded the audience, silver is trading at roughly $35 per ounce. In April 2011, it reached an all-time high of $49.51.
Financial expert Kiyosaki believes that, later this year, it can reach $75 per ounce and then skyrocket to a historic peak of $200 in a year or two. He says that almost anyone can easily afford “at least 1 silver coin a day...but not tomorrow.”
Other experts believe that silver could actually reach a triple-digit price by 2024 due to the growing industrial demand and a diminishing supply. Besides, silver could surpass $100 much sooner if central banks keep on with their aggressive monetary decisions.
Vladislav Sopov
Dan Burgin