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Robert Kiyosaki, bestselling author of Rich Dad Poor Dad, recently revealed that he has sold most of his gold and silver to allocate funds into Bitcoin. He made this statement through his YouTube account, The Rich Dad Channel. Kiyosaki even predicts that the price of Bitcoin will reach US$250,000 by 2025.
This step is not surprising, considering that Kiyosaki often supports Bitcoin on various platforms, including his personal X account. In November 2024, he even expressed his willingness to support Bitcoin at any price, with a target of reaching 100 BTC.
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Switching from Precious Metals to Digital Assets
Kiyosaki, a staunch supporter of precious metals such as gold and silver, now sees Bitcoin as a more promising asset in the modern era. He revealed that he has been storing silver since 1964 when the price was only about 10 cents per ounce.
Although the price of silver has now reached US$30 per ounce, Kiyosaki believes that Bitcoin has much greater growth potential, especially as a hedge against inflation and the decline in the value of fiat currencies.
According to him, the shift from physical assets to digital assets like Bitcoin reflects a major change in the global financial system. Bitcoin offers a number of advantages over precious metals, such as lower storage costs, higher security thanks to blockchain technology, and ease of cross-border transfers.
Bitcoin is Better as a Hedge against Inflation
One of the main reasons Kiyosaki chose Bitcoin was his concern over inflation fueled by government debt and massive money printing. He highlighted how the US government prints trillions of dollars every 90 days, significantly reducing the purchasing power of fiat currencies.
On the other hand, Bitcoin has a limited supply of 21 million coins, making it an inflation-proof asset.
“After years of storing gold and silver, I decided to exchange them for Bitcoin. I believe the price of Bitcoin will reach US$250,000 by 2025,” Kiyosaki said in the video.
Support from Large Financial Institutions
Kiyosaki’s decision was also driven by the widespread adoption of Bitcoin by large financial institutions.
He cited the example of MicroStrategy, a company led by Michael Saylor, which has invested billions of dollars into Bitcoin as a backup asset. According to Kiyosaki, this shows that Bitcoin has shifted from a speculative asset to a major globally recognized financial instrument.
Generations and Paradigm Shifts
Kiyosaki notes that many people from his generation, especially Baby Boomers, are still reluctant to switch to digital assets. They tend to stick to gold, silver, or bonds, even though the value of these assets continues to be eroded by inflation.
On the other hand, younger generations are more open to innovations like inflation, which continues to erode their value.
For Kiyosaki, Bitcoin is not just an investment but an important part of a long-term financial strategy to protect wealth from systemic risk. He believes that Bitcoin represents a new paradigm that overcomes the weaknesses of the traditional financial system.
Conclusion
By selling gold and silver to buy Bitcoin, Robert Kiyosaki is sending a clear message about his belief in the future of digital assets.
He sees Bitcoin as a wealth protection tool and an unparalleled growth opportunity in an ever-changing global economic landscape. This move reflects his foresight and willingness to adapt to changing times.