Robert Kiyosaki He just isn’t solely recognized for his profitable monetary books but additionally for making suggestions to buyers and warning of attainable calamities.
For a very long time, the creator of “Rich Dad, Poor Dad” has been claiming that the US greenback is “bathroom paper“ and {that a} disaster like no different on the planet is approaching.
That’s why he at all times stood out Bitcoinhe gold and the silver as a refuge of worth and as the most suitable choice when investing. The query is, Was your recommendation appropriate?
Kiyosaki and the costs of his favourite property
If we take as a reference the tip of the final bear market, in November 2022, there’s a clear correlation between the worth of BTC and the yellow steel.
Bitcoin started to rebound after plummeting to $15,500 following the FTX chapter ruling. The metals, for his or her half, had already begun the rise.
The fact is that BTC has not too long ago reached an all-time excessive by surpassing the barrier of 73,000 USD (its final ATH had been $69,000), due to the momentum of spot ETF launches.
At this time, the main cryptocurrency accumulates a 60% achieve up to now this yrbuying and selling simply above $67,000.
Silver, then again, did not set a brand new ATH however may be very near its highs of $28.3 per ounce, when it reached it in August 2020.
Since then, its worth has assorted however is at excessive levels, since at the moment is buying and selling at 26.9 USD per ounce.
And the gold, lastly, simply surpassed its all-time excessive by taking pictures above $2,300 an ozfor the primary time in its historical past, as demand accelerates and considerations about persistently excessive inflation stay.
Bitcoin, Gold and Silver Returns
Although there are different property resembling some shares which have skilled higher returns, it might be mentioned that Kiyosaki was not flawed when it got here to recommending betting on cryptocurrency and metals.
The factor is that, since October 2022, the gold has elevated by 40%, the silver 50% and Bitcoin a powerful 290%.
