Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

This Is Why Robert Kiyosaki Sticks With Real Assets Like Bitcoin and Gold



Robert Kiyosaki, the author of several best-seller books, continues to display his support for bitcoin, gold, and silver above all other assets.

In his latest tweet on the matter, he praised the aforementioned three assets while warning that the rich will get richer in the wake of the US government’s policies.

Sticking With BTC

Recall that the world’s largest economy faced a major crisis until June when President Biden signed a bill that suspended the country’s $31.4 trillion debt ceiling, thus avoiding the nation’s first-ever default.

Kiyosaki, though, who recently predicted that BTC will tap $120,000 soon, believes the government’s decision will only benefit the rich and harm America because the US national debt will increase, just like the stock market. As such, he doubled down on his support for what he referred to as “real assets” – bitcoin, silver, and gold.

BTC Vs. Gold Vs. Silver YTD

Although Kiyosaki keeps praising the two precious metals as well as BTC, it’s worth exploring their performance as of late, especially on a year-to-date basis.

Silver entered the new year at $23,75 per ounce and jumped to over $26 at one point. However, it since retraced to $22 before climbing back to $24.9 to close on Friday, which gives it a modest 4.84% YTD increase.

Gold’s performance has been rather identical as it started 2023 at $1,827 before it shot up to a yearly peak at $2,080 on May 4. However, it couldn’t maintain its run and fell back down to $1,955 as of Friday’s closing hours. As such, the yellow metal is up by 7% so far this year.

Bitcoin, on the other hand, started the year on a positive note after the devastating 2022 bear market. It quickly surged from its January 1 price of $16,700 to over $20,000 and just this week tapped a 13-month peak at $31,850.

Despite losing some ground and currently trading at $30,300, the cryptocurrency’s YTD gains stand at just over 80%, making it the best-performing asset so far this year.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.



Source link

The post This Is Why Robert Kiyosaki Sticks With Real Assets Like Bitcoin and Gold appeared first on UpdatedCryptoWorld.



This post first appeared on My Personal, please read the originial post: here

Share the post

This Is Why Robert Kiyosaki Sticks With Real Assets Like Bitcoin and Gold

×

Subscribe to My Personal

Get updates delivered right to your inbox!

Thank you for your subscription

×