Famous investor Robert Kiyosaki’s statements on gold and Bitcoin (BTC) have had a great impact in the financial world. Kiyosaki openly expressed his thoughts on the gold or Bitcoin debate in a post he shared on the social media platform X (formerly Twitter) on September 13. The famous author and investor stated that he did not understand why this debate existed and drew attention to an important point about the essence of the debate.
The origins of the gold and Bitcoin debate
Kiyosaki is known for his book on personal finance called “Rich Dad Poor Dad” and is a figure who has helped millions of readers around the world achieve financial freedom. Considering his extensive experience in the field of financial education, he argued in his statement that the debates should not focus on whether gold or Bitcoin perform better in the markets or which asset offers superior technological innovation. According to him, what really matters is how many gold coins or Bitcoins individuals own.
The debate between gold and Bitcoin stems from different views on the roles of the two assets in financial markets. Bitcoin is often referred to as “digital gold” due to its scarcity and has seen rapid growth in a short period of time. However, some critics point to Bitcoin’s historically high volatility, which has made the cryptocurrency a risky store of value. It is thought that it cannot be a reliable haven for investors, especially during economic crises.
Gold is seen as a ‘store of value’
Gold, on the other hand, has been known as a stable store of value for decades. However, gold does not have the disruptive potential and rapid growth curve that Bitcoin offers. In other words, while gold is a safe haven, it is not seen as a rapidly growing and technologically innovative asset like Bitcoin.
Comparisons between these two assets have occasionally led to major debates among investors. Whether Bitcoin will replace gold in the future has become a frequently asked question in the financial world. However, names like Kiyosaki argue that these comparisons and discussions are actually meaningless, and point out that what really matters is how much of these assets individuals own.
Price relationship between Bitcoin and gold
According to data obtained from the crypto analysis platform CryptoQuant on September 13, there was a strong positive correlation between Bitcoin and gold prices. This data, shared by a crypto analyst using the nickname “TheDustyBC” on X, shows that the relationship between the two assets has historically been volatile. Although the correlation coefficient varies between positive and negative values from time to time, a positive harmony curve is observed as of 2024. Currently, the correlation coefficient is close to 0.6 levels.
This data examines the growth of Bitcoin from the early days to the present and the steady increase of gold together. This can be considered as a signal that Bitcoin is maturing into a store of value like gold over time. The fact that gold and Bitcoin show similar price movements is among the data supporting the idea that Bitcoin can one day be as reliable an investment tool as gold in the cryptocurrency markets.
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