Robert Kiyosaki, the author of international bestseller Rich Dad Poor Dad, has said he prefers holding Bitcoin and precious metals such as silver and gold over government-issued fiat cash.

Speaking during an interview with Kitco News, Kiyosaki noted that Bitcoin would survive the current regulatory headwinds. He went on to reveal that he had bought 60 bitcoins back in 2019 after witnessing the asset’s price go to $20,000 and then drop to around $3,200 before roaring back.

Kiyosaki further noted that his motivation behind Bitcoin came from the realization that the more he was in it, the more he realized it has sustainability. “So, the reason people buy bitcoin is the same reason I buy this (gold coin) and buy this (silver coin) because I don’t trust this (fiat cash)”, he said, holding up the said coins and a $1 bill respectively.

(by Newton Gitonga)

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