Robert Kiyosaki Advocates for Bitcoin Over Gold

Robert Kiyosaki, a seasoned investor and author who once owned a gold mining company in the USA and a silver mine in Argentina, has recently shared his preference for Bitcoin over traditional precious metals like gold and silver. Kiyosaki's main argument for this shift lies in Bitcoin's ease of transport and cost-effectiveness. Unlike gold and silver, which require secure transport and storage, Bitcoin offers a seamless and free way to move wealth. 

Kiyosaki highlighted the significant savings he achieved by converting his assets to Bitcoin, pointing out the unnecessary expenses involved in the physical transport and security of precious metals. During a conversation with fellow investor Anthony Pompliano, Kiyosaki praised Bitcoin's intangible nature, which eliminates the need for physical transport, special vehicles, and security personnel.

In their discussion, Pompliano suggested that Bitcoin might eventually become more valuable than gold, given that digital versions of physical assets tend to surpass their tangible counterparts in value. Kiyosaki, owning 65 Bitcoins valued at $2.9 million, agrees with this perspective, demonstrating his commitment to investing in Bitcoin. However, he also acknowledges a significant drawback of Bitcoin compared to gold: its limited industrial use, which restricts demand for the digital currency. Despite this, both Kiyosaki and Pompliano recognize the finite supply of Bitcoin, similar to gold, with the last Bitcoin expected to be mined around the year 2140, underscoring its potential long-term value.