Robert Kiyosaki Believes in Bitcoin, Peter Schiff Warns of Reversal

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Robert Kiyosaki Believes in Bitcoin, Peter Schiff Warns of Reversal
  • Kiyosaki supports Bitcoin's scarcity compared to gold in the context of inflation and economic instability.
  • Schiff criticizes Bitcoin as a scam, while gold outperforms BTC in 2025 profits.

In a recent post on X (formerly Twitter), "Rich Dad, Poor Dad" author Robert Kiyosaki expressed strong support for Bitcoin [BTC], calling it better than gold and silver.

Robert Kiyosaki Supports Bitcoin

Kiyosaki believes that Bitcoin has an advantage due to its fixed supply of only 21 million coins, making it naturally scarce and immune to inflationary pressures.

He said,

"One reason I trust Bitcoin is there will only be 21 million. I own gold mines, silver mines, and oil wells. If gold, silver, or oil prices rise, I can mine more, expand supply. I can't do that with Bitcoin. 21 million is 21 million. Stay healthy."

Unlike gold and silver, which can increase through mining, Bitcoin's supply is permanently limited.

Kiyosaki believes this creates a long-term advantage as a value store in an unstable economic environment.

He emphasized that Bitcoin's 21 million cap is not easily adjustable, as any changes would require overwhelming consensus from its decentralized community.

Peter Schiff Continues to Criticize Bitcoin

Kiyosaki's endorsement once again sparked controversy with long-time Bitcoin critic and economist Peter Schiff, who continues to dismiss the cryptocurrency as a "scam."

Schiff's skepticism follows Bitcoin's recent price surge, which he believes is preparing for a major collapse.

As gold outperforms Bitcoin in 2025 and approaches its All-Time-High, the Gold vs Bitcoin debate reignites.

In a recent post, he said,

"Gold added $45, trading over $3,380. With a $90 increase today, that's $135 in a 24-hour period. Silver is also starting to develop. It added $0.50 to today's increase, trading over $33.10. Pay attention to silver. A breakthrough is about to occur."

What is Bitcoin's Future?

Despite Schiff's continued attacks, Bitcoin has surpassed the important $95,000 mark, reflecting increasing investor confidence amid inflation concerns, tariffs, and recession risks.

Gold has clearly outperformed with a 25% increase since the beginning of the year compared to Bitcoin's modest 3%, but historical trends show Bitcoin tends to narrow the gap during financial stress periods.

In fact, analysis from TinTucBitcoin shows Bitcoin lost over 35% of its value this year, yet the narrative of it being a digital safe haven continues to attract attention.

Therefore, as uncertainty persists, Bitcoin may reaffirm itself against traditional rivals if market sentiment remains steady.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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