Robert Kiyosaki is back in the spotlight, reaffirming his support for Bitcoin while criticizing traditional currencies and gold.

The author of Rich Dad Poor Dad has consistently labeled fiat currency as fraudulent, now presenting Bitcoin as a modern alternative to gold—more agile and less reliant on untrustworthy governments.

Why Robert Kiyosaki Prefers Bitcoin

Kiyosaki’s primary focus is on Bitcoin’s scarcity. Gold can be mined endlessly, silver can be extracted, but Bitcoin is capped at 21 million.

“I own gold and silver mines,” he stated. “If the price rises, I’ll just dig more. You can’t do that with Bitcoin.” This limitation in supply, according to him, distinguishes Bitcoin from other inflationary assets.

Kiyosaki’s confidence in Bitcoin correlates with his skepticism towards the Federal Reserve and Treasury, branding fiat currency as “fake money”.

Peter Schiff’s Counterpoint

As Kiyosaki sees warning signs of an impending economic crisis, he anticipates that the Fed will default to irresponsible money printing, hence his investment in Bitcoin.

However, not all agree with Kiyosaki’s stance. Long-standing Bitcoin critic and proponent of gold, Peter Schiff, argues Bitcoin is merely a speculative bubble waiting to burst. He noted:

“Gold is up another $45, trading above $3,380…Silver is also starting to perk up.”

The Bitcoin vs. Gold Debate

Currently, gold might be ahead in traditional markets, but Bitcoin remains resilient, recently surpassing $98,000. As talks of a global economic downturn intensify, the clash between digital and physical stores of value takes center stage.

Will Bitcoin continue to gain traction under the narrative of ‘digital gold’?