Rich Dad Poor Dad author Robert Kiyosaki recently reiterated his support for Bitcoin, presenting a compelling argument in favor of the cryptocurrency over gold.

Bitcoin Preferred Over Gold

Kiyosaki argues that he considers Bitcoin a more favorable investment than gold due to its designed scarcity. He asserts that while gold theoretically can be mined infinitely, Bitcoin has a stringent maximum supply limit of 21 million coins.

In addition, Kiyosaki explains that as the value of gold rises, more gold miners may extract additional gold, potentially flooding the market. Conversely, Bitcoin’s predetermined cap ensures a long-term scarcity, making it a more appealing asset for those looking to diversify their portfolios. Currently, there are 19.98 million Bitcoins in circulation, with less than 2 million left before reaching the cap.

“Glad I bought my Bitcoin early. I am still actively mining for gold and drilling for oil,” the author remarked.

Trusting Kiyosaki’s Statements

Though his latest views on Bitcoin echo his previous advocacy, there have been some inconsistencies in Kiyosaki’s statements recently, leading to skepticism regarding his investment decisions. For instance, he claimed to have ceased purchasing Bitcoin at $6,000, despite making contradictory assertions about buying more as the price surged.

Kiyosaki has faced backlash for these mixed messages; however, he upholds his support for Bitcoin in his recent communications. This unpredictability raises doubts about the reliability of his investment strategies.