Robert Kiyosaki, author of the bestselling "Rich Dad Poor Dad" who recently revealed he sold some of his bitcoin holdings, said he would choose bitcoin "if I had to pick just one asset."
"I often get asked which is the better investment, gold or bitcoin," Kiyosaki wrote on X on the 9th.
"I would say both for asset diversification and add silver too," he said, "but if I had to pick just one, I would choose bitcoin." He cited limited supply as the reason.
"Bitcoin is limited to 21 million coins by design, and we're getting close to that limit now," Kiyosaki explained. "After 21 million are mined, no new bitcoin can be added, so bitcoin's price will inevitably rise." He added, "I'm glad I bought bitcoin early," noting that "gold mining and oil drilling are still actively ongoing."
On the 6th, Kiyosaki had said he "sold some bitcoin and gold," adding that he is "patiently waiting for new floor prices for gold and bitcoin, and may buy again when that happens." At the time, he said "the real problem is the Fed, incompetent leaders, and criminal financiers who deceive us with fake dollars," warning that "rough times lie ahead."
Bitcoin prices have been struggling recently, falling below the $70,000 level considered a key psychological resistance. As of 10:45 p.m. Korean time on the 9th, bitcoin was trading at $69,075 on Coinbase, down 3.08% from 24 hours earlier. James Butterfill, head of research at CoinShares, warned on CNBC that "$70,000 is a key psychological resistance level," adding that "if it fails to hold, there's a high probability of a drop to the $60,000-$65,000 range."