After the Market Crash Sell-Off, ‘Rich Dad’ Says: “Buy Bitcoin, Not Gold”

[Financial News] Robert Kiyosaki, author of the bestseller “Rich Dad Poor Dad,” is drawing attention after saying, “If I had to choose only one asset, I would choose Bitcoin.”
On the 9th, Kiyosaki wrote on his social media, “I often get asked, ‘Gold or Bitcoin, which is the better investment?’” and then gave his answer.
He added, “For diversification, I would say ‘both’ (gold and Bitcoin), and I would tell you to add silver as well. But if I had to choose only one asset, it would be Bitcoin.”
Kiyosaki cited Bitcoin’s limited supply as the reason for his choice.
“By design, Bitcoin’s total issuance is capped at 21 million coins, and we are now approaching that limit,” he explained. “Once all 21 million coins have been mined, no new Bitcoins can be created, so the price has nowhere to go but up.”
By contrast, he said, “Gold is theoretically infinite,” and compared, “When the gold price rises, more gold miners and people like me will dig up even more gold.”
He went on to say, “I’m glad I bought Bitcoin early.”
Meanwhile, after hitting an all-time high last October, the price of Bitcoin fell below $80,000 per coin on the 31st of last month (local time) for the first time in about nine months. On the 5th, it even broke through the psychologically important $70,000 level, dropping to its lowest point in 15 months.

sms@fnnews.com Seong Min-seo Reporter