Kiyosaki Explains Why He Bought More BTC and When Bitcoin Will Become Better Than Gold

The famed New York best-selling writer made the headlines on Friday once more as he outlined his newest bitcoin buy, and doubled down on his perception that BTC is (or will ultimately) be a greater funding choice than gold.

It’s price noting that a few of Kiyosaki’s latest statements have induced important backlash as a consequence of an absence of consistency, and some interpreted them as merely false.

Bought 1 More BTC

The writer of the Rich Dad, Poor Dad collection took it to X to spotlight his newest buy of a complete bitcoin for $67,000. He outlined two main causes for his choice now:

# 1: Because the Big Print will start when the US debt crashes the greenback and “The Marxist Fed” begins printing trillions in pretend {dollars}.

#2: The magical 21 millionth Bitcoin is getting near being mined.

Moreover, he famous that when the final BTC is mined, the cryptocurrency “turns into higher than gold.” Now, there are a few issues we have to handle for this assertion. First, sure, it would sound as if this second is shut, given the truth that almost 20 million bitcoins have already been mined.

However, as a result of distinctive method the Bitcoin community works, the final million would be the hardest to mine and will take a protracted, very long time. Probably so lengthy that the majority of us gained’t be right here for that pivotal second.

The incorporation of a halving occasion that cuts the mining velocity in half each roughly 4 years ensures that the mining of recent BTC will steadily decline over time. Consequently, present estimates point out that the final bitcoin will likely be mined round 2140. In different phrases, Kiyosaki will likely be nearly 200 years outdated on the time (he was born in 1947).

Second, he now says that BTC will turn into higher than gold as soon as the final bitcoin is mined. However, in a submit from simply a few weeks in the past, he said he would go for BTC each time if he had to decide on between the 2, as by design, there can solely be 21 million (no point out of the final bitcoin to be mined).

At What Price Did You Buy?

Again in February, one other of his statements led a number of individuals on X to scratch their heads. He said on the time that he stopped shopping for BTC at $6,000. However, in lots of, many different posts, he was bragging about buying extra bitcoins at costs of effectively over $100,000.

Naturally, the ever-vigilant crypto neighborhood picked up the inconsistency in his phrases, and the backlash was extreme. Nevertheless, there was no response from the famed investor.

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