Renowned author and entrepreneur Robert Kiyosaki has expressed his continued support for bitcoin, gold, and silver as he warns of the consequences of the US government’s policies. In a recent tweet, Kiyosaki praised these three assets while highlighting the fact that the wealthy will continue to accumulate wealth. The US stock market indexes have seen some gains over the week, with the Dow increasing by over 3% and the S&P 500 close behind. Kiyosaki believes that these gains are a result of the removal of the US debt ceiling. Earlier this year, President Biden signed a bill that suspended the country’s $31.4 trillion debt ceiling, preventing a potential default. However, Kiyosaki argues that this decision will ultimately harm America, as it will increase the US national debt and subsequently impact the stock market. In light of this, he reaffirms his support for “real assets” such as bitcoin, silver, and gold.
Performance of Bitcoin, Gold, and Silver in 2023
While Kiyosaki continues to praise bitcoin, gold, and silver, it is important to assess their performance so far this year. Silver began the year at $23.75 per ounce and experienced a peak of over $26 before retracing to $22. However, it has since rebounded to $24.9, resulting in a modest 4.84% year-to-date increase. Gold has had a similar trajectory, starting the year at $1,827 and reaching a yearly high of $2,080 on May 4. However, it has since declined to $1,955. Despite this setback, gold has still seen a 7% increase in value this year. Bitcoin, on the other hand, started the year positively after a challenging 2022 bear market. It quickly rose from $16,700 to over $20,000 and recently reached a 13-month peak of $31,850. Although it has experienced some fluctuations and is currently trading at $30,300, bitcoin has gained over 80% year-to-date, making it the top-performing asset of the year.
The Future of Bitcoin, Gold, and Silver
As the US government’s policies continue to shape the economic landscape, the future of bitcoin, gold, and silver remains uncertain. While Kiyosaki emphasizes their value as reliable assets, their performance is subject to various factors such as market conditions, investor sentiment, and global economic trends. The rich may indeed continue to accumulate wealth, but the potential benefits and risks associated with these assets should be carefully considered by investors. As the year progresses, it will be fascinating to observe how bitcoin, gold, and silver navigate the complexities of the financial landscape and whether they will maintain their status as preferred investments.