Robert Kiyosaki Predicts Bitcoin to reach $1.2M but still prefers gold.

Robert Kiyosaki is a name synonymous with personal finance, with his best-selling book "Rich Dad Poor Dad" that has helped many people achieve their financial goals.

He was drawn interest to Bitcoin recently due to the pandemic, excessive stimulus and devaluation of the dollar. He revealed that he has bought Bitcoin at $9,000 and he stated, " I wish I bought it at 10cents like everybody else did."

He predicted it is going to be 1.2Million in 5 years. Due to the excessive stimulus that is increasing the money supply and reducing the value of the dollar. While affirming that he still advocates for bitcoin, Kiyosaki admitted: “I prefer gold and silver because bitcoin is still untested.”

In my opinion, yes there is a tremendous market value for Bitcoin and maybe everyone who has bought Bitcoin has profited if they hold on it until now. But despite all that nobody knows when the next pandemic/recession will hit the value of bitcoin. In the long run, gold has been a store of value and it's even better if you can combine the store of value of gold and returns of utility coins into one hybrid cryptocurrency.

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