The author of “Rich Dad, Poor Dad,” Robert Kiyosaki, stated that he paid $67,000 for an additional bitcoin, reinforcing his conviction that Bitcoin is, or will ultimately be, a more advantageous investment than gold.
Kiyosaki gave two primary justifications for the purchase in a post on X. First, if the Federal Reserve injects trillions of dollars in liquidity and U.S. debt undermines the dollar, he warned of an impending wave of massive money printing.
Second, he brought up the capped supply of bitcoin, pointing out that the network is getting closer to its ceiling of 21 million coins.
Bitcoin will become “better than gold” after the last bitcoin is mined, according to Kiyosaki. However, the issue of new Bitcoin slows down over time because of the cryptocurrency’s built-in halving mechanism, which reduces mining rewards about every four years. According to current projections, it will take until about 2140 to mine the final bitcoin.
Kiyosaki’s recent few remarks have come under fire for being inconsistent. Without bringing up the last mining milestone, he stated weeks ago that he would pick Bitcoin over gold due to its fixed quantity of 21 million.
Even while he had previously claimed to have accumulated additional Bitcoin at rates exceeding $100,000, he also said earlier this year that he had stopped buying it around $6,000.
The cryptocurrency community reacted negatively to the disparities, but the investor has not publicly responded to the criticism.
You need to login in order to Like
Leave a comment