Robert Kiyosaki Says Bitcoin Beats Gold and Silver for One Simple Reason

Financial educator and author Robert Kiyosaki reiterated his bullish stance on Bitcoin in a post on May 7, calling it a superior asset compared to gold and silver.

Financial educator and author Robert Kiyosaki continued his bullish stance on Bitcoin (BTC) in a post on May 7, positioning it as a superior asset compared to gold and silver.

What Happened: Kiyosaki’s argument pivots around Bitcoin’s hard cap of 21 million coins, which he sees as an unmatched form of scarcity.

“I Can’t Expand Bitcoin’s Supply—That’s the Point”

The author, who owns gold and silver mines as well as oil wells, noted that rising commodity prices allow producers to increase supply by mining or drilling more. But that’s not possible with Bitcoin.

“If the price of gold, silver, or oil goes up, I will simply mine or drill for more,” he said. “I cannot do that with Bitcoin.”

He added that Bitcoin’s fixed supply gives it long-term value integrity, unlike commodities which can be expanded when prices rise.

“21 million is 21 million,” he wrote.

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Kiyosaki’s Essence: A main argument for Bitcoin is that its total supply will never exceed 21 million coins. This built-in scarcity, he suggests, makes Bitcoin immune to the inflationary pressures that can affect other assets.

"I can't expand Bitcoin's supply. That's the point. 21 million is 21 million," Kiyosaki stated.

The real estate mogul has been a supporter of Bitcoin for a while now, urging followers to diversify away from fiat currencies and to consider hard assets.

This message comes as a growing number of influential voices are advocating Bitcoin as digital gold in an age of rising monetary uncertainty.

Read More: Ben Armstrong, A Prolific Crypto Influencer, Is Launching His Own Token This May

On the other hand, a report by K33 analysts revealed the best strategy for Bitcoin in May. The analysts noted that BTC has been trading in a limited range since the beginning of the year, despite strong macroeconomic data and a favorable market.

"Bitcoin price has been trading in a limited range since the beginning of the year, despite the strong macroeconomic data and the favorable market," the analysts said.

The crypto market is known for its volatility, which can be influenced by various factors, such as macroeconomic trends, government regulations, and market speculation.

"The crypto market is known for its volatility, which can be influenced by various factors, such as macroeconomic trends, government regulations, and market speculation."

The analysts also noted that the current market conditions suggest that Bitcoin may be forming a large triangle pattern, which could lead to a significant price move in the coming months.

"The current market conditions suggest that Bitcoin may be forming a large triangle pattern, which could lead to a significant price move in the coming months."

The analysts believe that if Bitcoin breaks out of the triangle pattern to the upside, it could rally towards the $80,000 level, which is the Fibonacci extension of the 2021 bull market.

"If Bitcoin breaks out of the triangle pattern to the upside, it could rally towards the $80,000 level, which is the Fibonacci extension of the 2021 bull market."

However, if Bitcoin breaks down from the triangle pattern, it could fall towards the $20,000 level, which is the neckline of the large head-and-shoulders pattern that formed in 2022.

"But if Bitcoin breaks down from the triangle pattern, it could fall towards the $20,000 level, which is the neckline of the large head-and-shoulders pattern that formed in 2022."

Overall, the analysts believe that Bitcoin is well-positioned for further gains in the coming months, especially if the macroeconomic environment remains supportive.

"Overall, Bitcoin is well-positioned for further gains in the coming months, especially if the macroeconomic environment remains supportive."

"Bitcoin has been trading in a limited range since the beginning of the year, despite the strong macroeconomic data and the favorable market. The crypto market is known for its volatility, which can be influenced by various factors, such as macroeconomic trends, government regulations, and market speculation.

The current market conditions suggest that Bitcoin may be forming a large triangle pattern, which could lead to a significant price move in the coming months. If Bitcoin breaks out of the triangle pattern to the upside, it could rally towards the $80,000 level, which is the Fibonacci extension of the 2021 bull market. However, if Bitcoin breaks down from the triangle pattern, it could fall towards the $20,000 level, which is the neckline of the large head-and-shoulders pattern that formed in 2022.

Overall, Bitcoin is well-positioned for further gains in the coming months, especially if the macroeconomic environment remains supportive."