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Cryptocurrency News Articles
Robert Kiyosaki Backs Bitcoin [BTC], Labeling It Superior to Gold and Silver
May 08, 2025 at 11:00 am
In a recent post on X (formerly Twitter), “Rich Dad Poor Dad” author Robert Kiyosaki voiced strong support for Bitcoin [BTC], labeling it superior to gold and silver.
"Rich Dad Poor Dad" author Robert Kiyosaki took to X (formerly Twitter) to voice his strong support for Bitcoin (BTC), labeling it superior to gold and silver.
Kiyoski’s Bitcoin preference stems from the cryptocurrency’s fixed supply, capped at 21 million coins, rendering it inherently scarce and immune to inflationary pressures.
“One reason why I trust Bitcoin is there are only to ever be 21 million. I own gold and silver mines and oil wells. If the price of gold, silver, or oil goes up, I will simply mine or drill for more, expanding supply. I cannot do that with Bitcoin. 21 million is 21 million. Take care.”
If anything, Kiyosaki’s post drew criticism from long-time Bitcoin critic and economist Peter Schiff, who continues to dismiss the cryptocurrency as a “scam.”
Schiff’s renewed skepticism follows Bitcoin’s recent price rally, which he believes is setting the stage for a major crash.
With gold outperforming Bitcoin so far in 2025 and inching closer to another all-time high, the age-old Gold vs. Bitcoin debate has flared up once more.
Remarking on the same, in his recent post, he added, “Gold is up another $45 so far tonight, trading above $3,380. With today’s $90 gain, that’s already $135 within one 24-hour period. Silver is also starting to perk up. It’s adding another 50 cents to today’s gains, trading above $33.10. Keep an eye on silver. A breakout is near.”
However, despite Schiff’s persistent attacks, Bitcoin has once again breached the crucial $95,000 mark, indicating growing investor confidence amid concerns over inflation, tariffs, and looming recession risks in the current macro environment.
While gold has outpaced Bitcoin in 2025 with a 25% YTD return compared to Bitcoin’s modest 3%, historical trends suggest that Bitcoin tends to close the gap during periods of financial stress.
In fact, AMBCrypto’s analysis further reveals that Bitcoin has lost over 35% of its value this year, yet the narrative of it being a digital safe haven continues to gain traction.
Hence, as uncertainty lingers, the stage may be set for Bitcoin to reassert itself against its traditional rival, if market sentiment holds.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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