- Robert Kiyosaki has said that Bitcoin is “about to become the fastest horse” after gold and silver’s recent rise
- Kiyosaki’s words echo those of Paul Tudor Jones who said the same in March
- Both investors are dismayed with the amount of money being printed by the world governments
Robert Kiyosaki, the property magnate and Bitcoin bull, has said that the cryptocurrency is “about to become the fastest horse” in the race between gold, silver, and digital assets. Echoing the phrase used by fellow Bitcoin bull Paul Tudor Jones earlier this year, Kiyosaki has echoed his belief that Bitcoin has the wherewithal to be a front runner in the race to alternative forms of investment as fiat currencies continue to get debased around the world.
Kiyosaki Reaffirms Bullish Bitcoin Stance
Kiyosaki made his pronouncement in a tweet on Friday, reiterating his positive stance on Bitcoin:
GOLD is up 35% in 2020. S&P only 3%. Silver is still the best, still 30% below all time high. Best because it is limited in quantity, used in industry and still affordable for those with tight budgets. The sleeper is Bitcoin. I suspect it is about to become the fastest horse.
— therealkiyosaki (@theRealKiyosaki) August 8, 2020
Kiyoski has made a career out of warning against the diminishing power of the dollar and the actions of the Federal Reserve, who he has in the past described as being “900 PhDs who have no idea what they’re talking about”. He admits to being skeptical on Bitcoin’s merits when he first heard about it in 2009, but since coming round to its benefits in 2014 he has been an advocate for it alongside silver and gold.
Paul Tudor Jones Also Riding the Hedges
Kiyosaki’s choice of words echoes those spoken by Paul Tudor Jones, CEO of the $39 billion Tudor Investment Corp, who said a very similar thing in March when he announced that his firm was taking a position in Bitcoin:
The best profit-maximizing strategy is to own the fastest horse. If I am forced to forecast, my bet is it will be Bitcoin.
Like Kiyosaki, Tudor Jones puts his positive stance in the cryptocurrency down to the actions of the U.S. government in printing their way out of the coronavirus crisis, which he said has left him “speechless”. If that weren’t enough bullishness, Goldman Sachs’ new head of digital assets, Mathew McDermott, said last week that, “We’ve definitely seen an uptick in interest across some of our institutional clients who are exploring how they can participate in this space.”
Full steam ahead.
