Amid his continuous recommendations for investing in gold, silver, and Bitcoin (BTC), Robert Kiyosaki, a renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ recently shared why he believed Bitcoin is a better investment than real estate.
Specifically, Kiyosaki explained that the main reason why investing in the maiden cryptocurrency might be better than investing in real estate is its movability and flexibility or the ease of distributing it when needed in an episode of his The Rich Dad Channel podcast streamed on August 22.
Bitcoin is easier to trade
Indeed, according to the famous finance educator and entrepreneur who, among his other investments, also engaged in trading real estate, has long argued that commodities like gold, silver, and Bitcoin were better:
“I love Bitcoin because if I realize there’s a hot new coin coming along, I can get out, but in real estate, I’m stuck in it. (…) I can distribute my Bitcoin, gold, and silver quickly. I cannot distribute by real estate that quickly or my businesses.”
As a reminder, earlier this year, he predicted that “gold, silver, & Bitcoin will be hotter than Technology or real estate from 2024 on” while announcing his attendance at the Vancouver Resources Investor Conference (VRIC), as Finbold reported on January 22.
BTC has established network
Furthermore, Kiyosaki also highlighted Bitcoin’s long history and status as an established crypto asset and blockchain network as another factor contributing to his preference but also acknowledged that it might not last in the increasingly competitive crypto industry:
“I don’t doubt one of those 10,000 new cryptos may blow Bitcoin and Ethereum (ETH) out of the water, and if that happens, I’ll make my switch, but until then, I’m like I was with gold and silver – I’m in acquisition, I’ve taken a position.”
Meanwhile, the flagship decentralized finance (DeFi) asset was at press time changing hands at the price of $60,780, recording a 1.01% decline in the last 24 hours, advancing 3.94% across the previous seven days, and losing 8.50% on its monthly chart, according to the most recent data retrieved on August 23.
Bitcoin price 7-day chart. Source: Finbold
It is also worth noting that a pseudonymous crypto trading expert, Yoddha, has recently observed that Bitcoin has been forming a substantial bull flag pattern over the past several months within the ‘hold’ zone spanning between $35,000 and $70,000, suggesting that a substantial rally could follow in Q4 2024.
Bitcoin price performance analysis and prediction. Source: Yoddha
All things considered, Robert Kiyosaki is an experienced trader, well-versed in various markets and fully aware of the risks involved in trading cryptocurrencies, so doing one’s own research and understanding these risks is critical for anyone wanting to follow his example.
Watch the entire video below:
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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