TL;DR
- Movability and Flexibility: Robert Kiyosaki believes Bitcoin is a better investment than real estate due to its ease of distribution and flexibility, allowing for quick trades compared to the more static nature of real estate.
- Established Network: Bitcoin’s long history and status as an established crypto asset make it a preferred choice for Kiyosaki, though he remains open to switching if a new cryptocurrency outperforms it.
- Current Market Performance: As of August 23, Bitcoin was trading at around $61,000, with a recent decline but potential for a substantial rally in Q4 2024, according to crypto trading expert Yoddha.
Amid his continuous recommendations for investing in gold, silver, and Bitcoin (BTC), Robert Kiyosaki, a renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ recently shared why he believed Bitcoin is a better investment than real estate.
Specifically, Kiyosaki explained that the main reason why investing in the maiden cryptocurrency might be better than investing in real estate is its movability and flexibility or the ease of distributing it when needed. He discussed this in an episode of his The Rich Dad Channel podcast streamed on August 22.
Bitcoin is Easier to Trade
According to the famous finance educator and entrepreneur, who has also engaged in trading real estate among his other investments, commodities like gold, silver, and Bitcoin are better investments. Kiyosaki stated:
“I love Bitcoin because if I realize there’s a hot new coin coming along, I can get out, but in real estate, I’m stuck in it. (…) I can distribute my Bitcoin, gold, and silver quickly. I cannot distribute my real estate that quickly or my businesses.”
Earlier this year, he predicted that “gold, silver, & Bitcoin will be hotter than Technology or real estate from 2024 on” while announcing his attendance at the Vancouver Resources Investor Conference (VRIC), as reported on January 22.
BTC’s Established Network
Furthermore, Kiyosaki highlighted Bitcoin’s long history and status as an established crypto asset and blockchain network as another factor contributing to his preference. However, he also acknowledged that it might not last in the increasingly competitive crypto industry:
“I don’t doubt one of those 10,000 new cryptos may blow Bitcoin and Ethereum (ETH) out of the water, and if that happens, I’ll make my switch, but until then, I’m like I was with gold and silver – I’m in acquisition, I’ve taken a position.”
Current Market Performance
At press time, the flagship decentralized finance (DeFi) asset was trading at around $61,000, recording a 1% decline in the last 24 hours, advancing 3.94% over the previous seven days, and losing 8.50% on its monthly chart, according to the most recent data retrieved on August 23.
A pseudonymous crypto trading expert, Yoddha, has recently observed that Bitcoin has been forming a substantial bull flag pattern over the past several months within the ‘hold’ zone spanning between $35,000 and $70,000, suggesting that a substantial rally could follow in Q4 2024.
Taking everything into account, Robert Kiyosaki is a seasoned trader with extensive knowledge of different markets and a clear understanding of the risks associated with cryptocurrency trading. As such, it’s essential for anyone looking to emulate his approach to conduct their own research and grasp these risks thoroughly.
