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There are many investors that are still hesitant to get involved with\u00a0Bitcoin. They make comments like cryptocurrencies are hard to own, BTC is for criminals, and other sentiments along those lines. Yet a prominent financial educator and entrepreneur says that owning Bitcoin, silver, and gold is a wise decision. Here\u2019s why he thinks so. ROBERT KIYOSAKI: GOT GOLD, SILVER, AND BITCOIN? According to Robert \u201cRich Dad\u201d Kiyosaki, an American entrepreneur and author,\u00a0the \u201cFederal Reserve is dead.\u201d He cited the increase in so-called \u201czombie companies\u201d and their respective debts, purportedly at $900 billion. Kiyosaki writes that the debt \u201czombies\u201d have will pass $1.6 trillion next year, putting risk on the Federal Reserve. To combat this trend, alongside a potential debt crisis and money printing, Kiyosaki has\u00a0effectively prescribed Bitcoin, silver, and gold. He has mentioned those assets to his over one million followers\u00a0ad nauseam\u00a0over recent months. The \u201cRich Dad Poor Dad\u201d author says that those assets are \u201creal money\u201d while the fiat money printed by Federal Reserve is \u201cfake.\u201d Kiyosaki isn\u2019t only bullish on Bitcoin in spirit \u2014 he has a price target for the cryptocurrency. He\u00a0wrote\u00a0in May that BTC could hit $75,000 in the next three years while the two precious metals also perform well. GOLD\u2019S BOOMING \u2014 BITCOIN MAY FOLLOW Kiyosaki\u2019s poignant comments on the economy and its relation to gold and Bitcoin comes as the precious metal has rallied. As of the time of this article\u2019s writing, gold trades for $1,770 \u2014 15% higher than its price at the start of 2020. That\u2019s also close to a new all-time high against the U.S. dollar, with the last one set after the 2018 recession. Analysts expect this trend to continue moving forward. CitiGroup\u00a0was reported by Bloomberg\u00a0to have raised its spot market forecast for gold prices, maintaining its \u201clongstanding bullish bias.\u201d Analysts at firms cited the \u201cmacro backdrop\u201d of low-interest rates and \u201cuniversal anxiety\u201d about the pandemic. Bitcoin has the chance to follow gold higher, especially in this macro environment. That\u2019s according to some prominent analysts. Paul Tudor Jones said in a research note titled \u201cThe Great Monetary Inflation\u201d that\u00a0Bitcoin is the \u201cfastest horse in the race.\u201d\u00a0This was made in reference to the asset\u2019s 21 million coin supply cap while other asset classes don\u2019t have that benefit, even gold. Jones is a billionaire hedge fund manager largely regarded to be one of the world\u2019s best macro analysts. Source:\u00a0https:\/\/bitcoinist.com\/rich-dad-poor-dad-author-continues-promote-bitcoin\/ 00<\/p>\n","protected":false},"author":1,"featured_media":6344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65,64,23],"tags":[],"class_list":["post-6342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-bitcoin","category-multimedia"],"yoast_head":"\n
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