Robert Kiyosaki, author of “Rich Dad, Poor Dad,” says investments in real estate and gold may not be the future of finance as the cryptocurrency becomes more focused.
In an July 8 interview with Bitcoin bull Anthony Pompliano, also known as Pomp, on the Kiyosaki radio show, the author said that traditional investments like gold and real estate would rank second in cryptocurrencies.
“As an old man, it took me a while to get to [cryptocurrency], but now I’m buying it, “Kiyosaki said. The author has predicted that the price of Bitcoin (BTC) will reach $ 75,000 in three years.
“I think it is important, especially for old people like me, to understand the world of cryptocurrencies because that is the world that is appearing right now and we, the real estate and gold ones, are being eliminated.”
Pushing gold over Bitcoin
Kiyosaki’s prediction comes when gold hit its highest price in nearly a decade on July 9, breaking $ 1,800. Economic fears about the pandemic and concerns about possible inflation as the Fed continues to print money has prompted many investors to look for alternatives.
Cointelegraph reported that major Bitcoin bulls like Michael Novogratz have recommended not to put most of the funds in cryptocurrency:
“I have a feeling that Bitcoin outperforms gold, but I would tell people to have a lot less Bitcoin than gold, just because of volatility.”
As of writing, gold is trading at $ 1,799, about 0.23% in the past 24 hours. BTC price is $ 9,223, falling 0.53% in the same time period.
