‘Gold Guys are Being Phased Out’

Robert Kiyosaki, creator of “Rich Dad Poor Dad,” says that investments in actual property and gold will not be the way forward for finance as cryptocurrency comes into focus.

In a July 8 interview with Bitcoin bull Anthony Pompliano, AKA Pomp, on Kiyosaki’s radio present, the creator stated conventional investments like gold and actual property would come second to crypto.

“As an old guy, it’s taken me a while to get onto [cryptocurrency], but now I’m buying it,” Kiyosaki stated. The creator has predicted that the worth of Bitcoin (BTC) will attain $75,000 inside three years.

“I think it’s important, especially for old guys like me, to understand the crypto world because that’s the world that’s coming into view right now and us real estate and gold guys are being phased out.”

Pushing gold over Bitcoin

Kiyosaki’s prediction comes as gold reached its highest worth in almost a decade on July 9, breaking $1,800. Economic fears over the pandemic and considerations about doable inflation because the Fed continues to print cash has led many buyers to search for alternate options.

Cointelegraph reported main Bitcoin bulls like Michael Novogratz have advisable towards placing the vast majority of one’s funds into crypto:

“My sense is that Bitcoin way outperforms gold, but I would tell people to have a lot less Bitcoin than they have gold, just because of the volatility.”

At the time of writing, gold trades at $1,799, down roughly 0.23% during the last 24 hours. The worth of BTC is $9,223, dropping 0.53% in the identical time interval.

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