Robert Kiyosaki, author of the popular Rich Dad, Poor Dad financial advice series, predicted that bitcoin would eventually outperform gold and silver.
According to a tweet made August 8, Kiyosaki called bitcoin the “sleeper” investment choice in a race against precious metals and the S&P 500. The financial author argued that while gold was up 35 percent compared to the S&P 500 at 3 percent, bitcoin was likely to become the “fastest horse” in the group.
Kiyosaki also pointed to silver as the best investment to watch, which he said was trading at 30 percent below its all-time high.
In a subsequent tweet Kiyosaki called financial savers the biggest losers in the current economic climate, in part due to the U.S. Federal Reserve’s trend towards negative interest rates. Kiyosaki argued that middle class retail investors had piled into gold and silver to drive the price up, while only the “rich” would be able to afford bitcoin.
Kiyosaki, who has been a vocal critic of the Federal Reserve’s money-printing policies, speculated whether bitcoin was a potential “bargain” at today’s prices in light of central banks printing trillions.
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