Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, has ignited a heated discussion regarding Bitcoin, gold, and silver. In a recent social media post, Kiyosaki invited his millions of followers to dive into the debate about these three key safe-haven assets, revealing his strong views on their value and the future of personal finance.

Kiyosaki’s View on Bitcoin, Gold, and Silver

When asked about the best “hard assets” for preserving wealth, Kiyosaki responded with a thought-provoking question: “Why do people spend so much time discussing stupid differences?” For him, the crucial factor isn’t comparing Bitcoin, gold, or silver, but rather focusing on how much of each asset a person holds. He emphasized that the only “correct answer” to investing in these assets is to consider “how many ounces of real gold, silver, or number of Bitcoins” you possess in your portfolio.

While Kiyosaki’s statement is simple, it speaks volumes about his broader philosophy. He seems to advocate for the tangible ownership of hard assets, rather than getting caught up in the debates about which one is superior. Kiyosaki took to quoting Albert Einstein in his post, referencing the famous line, “Two things are infinite. The universe and human stupidity.” It’s a remark that reflects his frustration with unnecessary arguments over assets that, in his eyes, all serve a similar purpose—protecting wealth in uncertain times.

The Debate: Bitcoin vs. Gold and Silver

In response to Kiyosaki’s remarks, many of his followers voiced their own opinions. Some strongly supported his view that Bitcoin is the most valuable of the three, with one user commenting, “If you understand what makes money money and you understand Bitcoin, the only answer is Bitcoin.” These supporters argue that Bitcoin is the future and represents the hardest asset due to its decentralized nature and limited supply, surpassing both gold and silver.

Others disagreed, advocating for gold as the true safe-haven asset. They emphasized that while Bitcoin might be gaining popularity, it is still too volatile and unproven compared to the centuries-old stability of gold. In contrast, some commentators argued that both gold and silver remain crucial in protecting against inflation and economic uncertainty, regardless of Bitcoin’s rise.

Kiyosaki’s View on Bitcoin’s Potential Scam

Kiyosaki’s views on Bitcoin have been somewhat contradictory in the past. Just days earlier, he stunned his followers with a tweet suggesting that “Bitcoin might be a scam.” He quickly followed up by acknowledging that many people indeed believe Bitcoin could be a scam, and it’s a possibility worth considering. However, he also made it clear that in his view, the Federal Reserve’s printing of money poses an even greater threat to the economy.

Kiyosaki harshly criticized the U.S. Federal Reserve and its role in printing money to bail out failing banks, an issue he believes poses a much larger scam to the American public. He called out the “criminals at the Fed” and referred to the banks as “banksters,” implying they are more dangerous than any potential Bitcoin scam. His recommendation was clear: invest in physical assets like gold, silver, and Bitcoin— but he urged his followers to avoid Bitcoin exchange-traded funds (ETFs), which he referred to as “bankster’s money.”

The Case for Physical Ownership

Kiyosaki has consistently emphasized the importance of holding tangible assets. His belief in the value of Bitcoin is rooted in owning it directly, rather than relying on third-party investment vehicles like ETFs. Similarly, he has been a staunch advocate for holding physical gold and silver as a hedge against inflation and the economic turmoil caused by central banks’ actions. Kiyosaki’s approach to investing in Bitcoin is all about maintaining direct control over your assets, something he believes will become increasingly important as global financial systems face ongoing challenges.

Final Thoughts

Robert Kiyosaki’s views on Bitcoin, gold, and silver continue to stir up controversy. While some consider his Bitcoin stance overly cautious, others appreciate his call for more financial independence and less reliance on traditional financial institutions. In the end, Kiyosaki’s message seems to be a reminder that regardless of the asset, true financial security comes from owning hard, tangible assets rather than speculating or trusting systems that may not always have your best interests at heart.

As always, Kiyosaki urges his followers to take action by investing in these hard assets and to steer clear of potential risks like ETFs. Whether you agree with his views or not, his thoughts on wealth preservation in uncertain times are thought-provoking and worth considering.