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CryptoXTimes > Article > News > Bitcoin And Gold Shield Against Economic Collapse
NewsBitcoin News

Bitcoin And Gold Shield Against Economic Collapse

Kiyosaki advises holding Bitcoin and gold for security.

Rubab Fatima
Last updated: September 14, 2024 2:10 pm
Rubab Fatima 9 months ago
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Bitcoin And Gold Shield Against Economic Collapse

Renowned for his best-selling book *Rich Dad Poor Dad*, Robert Kiyosaki has once again spoken to the worldwide financial community on his opinions on the continuous argument between gold and Bitcoin aficionados. 

“I don’t get it,” Kiyosaki said in a recent tweet, challenging the necessity of a debate on whether an asset is better. Why is there a constant debate about which asset is superior?

Kiyosaki says that keeping both assets is a better approach than setting gold against Bitcoin. His point of view, supported by years of investment knowledge, emphasizes that the number of Bitcoins and gold coins an investor owns is the only fact that counts.

I don’t get it. Why all the debate about what is better? Gold or Bitcoin? In my opinion the only facts that count are how many gold coins do you own and how many Bitcoin?
End of discussion.

— Robert Kiyosaki (@theRealKiyosaki) September 14, 2024

Bitcoin’s Debt Warning


Since 2020, when the worldwide epidemic resulted in hitherto unheard-of economic measures, Kiyosaki has been a vocal promoter of investing in Bitcoin, gold, and silver. 

Kiyosaki spoke of long-term inflation and currency devaluation as governments all around—including the U.S.—turned to quantitative easing, creating vast quantities of money to boost faltering economies.

His concerns have simply become more relevant in light of the current geopolitical tensions in Eastern Europe and the Middle East. Earlier this month, Kiyosaki tweeted that government overspending is causing the U.S. national debt to grow by $1 trillion per 100 days. 

This debt’s monthly interest is shockingly close to $1 trillion. Kiyosaki tweeted earlier this week, underscoring the ongoing collapse of the bond market and linking it to the growing national debt.

 “A bond is debt, and the whole world is floating on it,” he said, further noting that this collapse might cause more severe economic unrest. Kiyosaki claims that while market collapses are obvious, financial collapses go underappreciated and carry an even greater risk.

His response was to bet on tangible items such as bitcoin, gold, and silver. Kiyosaki counsels readers to cease saving fiat money, sometimes known as “fake money,” and concentrate on building “real” ooftish—in the form of gold, silver, and Bitcoin.

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