Surprising Bitcoin (BTC) and Gold Commentary from Financial Guru Kiyosaki!
Kiyosaki stated that Bitcoin's (BTC) limited supply of 21 million sets it apart from precious metals that can have their supply increased. While resources like gold and silver can be mined further and released into the market, Bitcoin's supply is fixed.
"Why is Bitcoin better than gold or silver? One of the reasons I trust Bitcoin is that there will only be 21 million of them. Let's say I have gold and silver mines or oil wells. If the prices of gold, silver, or oil rise, I can extract more or drill more. This way, I can increase the supply. But such a thing is not possible for Bitcoin. 21 million, only 21 million."
The famous author and investor argues that this scarcity feature of Bitcoin can protect investors' savings against inflation and the devaluation of fiat currencies.
The financial guru, known for his support of gold until now, surprised his supporters with this latest comment. Robert Kiyosaki now places Bitcoin ahead of gold.