Speaking to Kitco News, Kiyosaki, however, said that despite investing in bitcoin and predicting a bullish future, he still prefers precious metals like gold and silver. According to the author, bitcoin remains untested when compared to the precious metals. Kiyosaki’s projection comes after he successfully predicted that bitcoin would surpass the $50,000 mark in 2021. He noted that his prediction was not mainly based on bitcoin’s strength but the weakness of the U.S. economy. By press time, the asset was trading at $58,968, according to data provided by CoinMarketCap.
Stimulus packages giving bitcoin and gold appeal
Kiyosaki further warned that the United States is highly devaluing the dollar by printing excess money in stimulus packages. He said that the devaluation is giving bitcoin and gold more appeal. According to Kiyosaki, the current economic status of the United States presents the perfect ground to invest in other assets like cryptocurrencies. He termed the stimulus packages as free money that impoverishes the poor and middle class. The author, therefore, recommends investing in bitcoin and gold. Watch the video: Robert Kiyosaki: Bitcoin will be over $1 million in 5 years but I still prefer gold and silver
