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Rich Dad Poor Dad Author Finds This Asset More Valuable Than Bitcoin and Gold
Robert Kiyosaki, the author of Rich Dad Poor Dad, has been a vocal proponent of silver, now stating that it holds more value than both gold and Bitcoin.According to Kiyosaki, silver's demand is rising due to its extensive use in various industries. He pointed out that while gold and Bitcoin supplies remain relatively stable, the supply of silver is decreasing, which could lead to a significant price surge.https://twitter.com/theRealKiyosaki/status/1907469594186629141According to Kiyosaki, Silver's role in modern industries continues to expand, driving its demand higher. He highlighted areas where silver is essential, such as in solar panels, electric vehicles, and electronics.These industries rely heavily on the previous metal for its unique properties, especially its high conductivity. Additionally, silver is crucial in sectors like medicine, water purification, and even military technology. Silver's Price Suppression and Future PredictionsNotably, Kiyosaki believes silver's price has been artificially suppressed for decades to maintain affordability for industrial use. Despite the rising demand, price has not reflected its true potential, as it remains significantly lower than gold. For instance, while gold has reached all-time highs, silver's price is still about 60% lower than its peak. Kiyosaki anticipates that silver's price will break through these barriers, potentially reaching $70 an ounce in 2025, with the possibility of hitting $200 in the next couple of years.The Debate Between Silver, Gold, and BitcoinWhile Kiyosaki emphasizes silver, other market experts take different views. Peter Schiff, a well-known economist and gold advocate, continues to recommend gold as the ultimate safe haven asset. Schiff pointed out that while risk assets are faltering, gold is experiencing significant price increases. Recently, gold has reached new record highs, with some experts predicting it could hit $3,500 per ounce soon. Bitcoin Maxis Are Still OptimisticMeanwhile, an analyst on X, Jelle, noted that Bitcoin is holding for a higher low following the announcement of tariffs by Trump. https://twitter.com/CryptoJelleNL/status/1907696036530778340Jelle mentioned that if the market was bearish, he would have expected the price to sweep past previous highs, but this did not happen. He expects the higher low to hold and Bitcoin's price to reclaim $84,000, with an initial target of $90,000. Meanwhile, Michaël van de Poppe observed that Bitcoin has returned to its range after an attempted breakout during a recent event. He pointed out that such breakouts are often not genuine and that $87,000 remains the key level to break. Van de Poppe added that as long as Bitcoin stays above $80,000, there is a strong likelihood of a rally.
