This is why Robert Kiyosaki is sticking to real assets like bitcoin and gold

Robert Kiyosaki, author of several best-seller books, continues to demonstrate his support for bitcoin, gold and silver above all other assets.

In his latest tweet on the matter, he praised the above three assets and warned that Americans will get richer and richer in the wake of government policies.

stick to btc

The broadest US stock market indexes posted some gains during the week, with the Dow jumping more than 3% and the S&P 500 just short of that percentage. The renowned author, businessman and entrepreneur commented on the matter as he believes that these hikes are only due to the removal of the US debt ceiling.

Recall that the world’s largest economy faced a major crisis until June when President Biden Put signature on A bill that suspended the country’s $31.4 trillion debt ceiling, thus avoiding the country’s first default.

However, Kiyosaki, who recently predicted that BTC will soon regain $120,000, believes that the government’s decision will only benefit the rich and harm the US as the US national debt, just like the stock market, will. will also increase. Thus, he doubled down on his support for bitcoin, silver and gold, referring to them as “real assets”.

Why is the stock market booming? Because the “debt limit” was removed. Means increase of national debt with stock market. As America gets poorer, the rich get richer. Downhearted. Stick to real money and real assets: gold, silver, bitcoin.

— Robert Kiyosaqi (@theRealKiyosaqi) 14 July 2023

BTC Vs. gold vs. Silver YTD

While Kiyosaki continues to sing praises of the two precious metals as well as BTC, it is worth exploring their recent performance, especially on a year-to-date basis.

Silver entered the new year at $23.75 an ounce and at one point jumped to more than $26. However, it recovered to $22 before climbing back to $24.9 on Friday, giving it a modest 4.84% YTD increase.

Gold has performed roughly the same since it started 2023 at $1,827, but hit a yearly high of $2,080 on May 4. However, it could not maintain its momentum and fell back to $1,955 by Friday’s close. Thus far this year, the yellow metal has gained 7%.

Bitcoin, on the other hand, started the year on a positive note following the disastrous 2022 bear market. Its price rose sharply from $16,700 on January 1 to more than $20,000 and hit a 13-month high of $31,850 this week.

Despite losing some ground and currently trading at $30,300, the cryptocurrency has posted YTD gains of just over 80%, making it the best performing asset so far this year.