Robert Kiyosaki: Bitcoin Is More Superior Than Gold And Silver

Robert Kiyosaki, author of the book Rich Dad Poor Dad. (Photo; Doc. Cryptovaloute)

JAKARTA - Robert Kiyosaki, a leading US financial entrepreneur and author, reiterated his support for Bitcoin (BTC). The author of Rich Dad Poor Dad thinks Bitcoin is superior to traditional assets such as gold, silver, and oil. In his view, Bitcoin offers significant advantages because of its limited supply, hence BTC is deflation.

Although Kiyosaki invests in gold and silver mines as well as oil wells, stressing that Bitcoin, with a maximum supply of 21 million coins, will not experience value inflation such as physical assets. His confidence in Bitcoin as a future asset is reflected in his prediction. He predicts the price of Bitcoin will potentially break through 300,000 (around IDR 4.6 billion) by the end of 2024.

Kiyosaki's view has received support from industry figures such as Michael Saylor, CEO of MicroStrategy, who recently stated that Bitcoin will beat gold in the near future. Saylor describes Bitcoin as digital gold, highlighting the ease of transfer and security it offers compared to gold.

As reported by Cryptopotato, Bloomberg ETF analyst Eric Balchunas, also predicts that the Bitcoin spot ETF has the potential to surpass gold ETF, showing a shift in preference among investors. Nate Geraci, founder of the ETF Store, added that the flow of funds to the ETF Bitcoin spot has exceeded the total flow of funds to all physical gold ETFs in the past five years.

Since the launch of the spot Bitcoin ETF in the United States, there has been a significant flow of incoming funds, with total assets under management reaching $55 billion and trading volume reaching $110 billion since January. This indicates an increase in investor confidence in Bitcoin as a long-term investment asset.