Robert Kiyosaki, author of “Rich Dad Poor Dad,” says that investing in real estate and gold may not be the future of finance as cryptocurrency is concentrated.
In an July 8 interview with Bitcoin bull Anthony Pompliano, AKA Pomp, on the Kiyosaki radio show, the author said that traditional investments like gold and real estate would come second after crypto.
“As an old man, it took me a while to [cryptocurrency], but now I’m buying it, “said Kiyosaki. The author predicted that the price of Bitcoin (BTC) would reach $ 75,000 within three years.
“I think it is important, especially for old people like me, to understand the world of cryptography because it is the world looming right now and that we guys in real estate and ‘Now, we are disappearing. “
Push gold on Bitcoin
Kiyosaki’s prediction comes as gold hit its highest price in nearly a decade on July 9, breaking $ 1,800. Economic fears about the pandemic and concerns about possible inflation while the Fed continues to print money have led many investors to seek alternatives.
Cointelegraph reported that major Bitcoin bulls like Michael Novogratz have recommended against putting the majority of its funds in crypto:
“My feeling is that Bitcoin outperforms gold, but I would tell people to have a lot less Bitcoin than gold, just because of the volatility. “
At the time of this writing, gold is trading at $ 1,799, down about 0.23% in the past 24 hours. The price of BTC is $ 9,223, down 0.53% over the same period.