In today’s tweet, Kiyosaki revealed a feature that sort of makes silver similar to Bitcoin: low supply.
The financial guru expects the silver price to surge, as he tweeted: “Silver is going to take off. Supply low…demand up.” He urged his followers to start purchasing it before the price goes through the roof: “Buy now before the price of silver goes up.”
However, the similarity to Bitcoin regarding its supply is arguable since Bitcoin can only exist in the form of 21 million coins, while silver can be mined any time once new deposits are found in the ground. Kiyosaki has tweeted many times about silver in the past, saying that it is widely used in various strategic industries, and the demand for it is unlikely to fall in the near future.
He has also, many times, urged his followers on the X platform to start buying silver coins, which are affordable to many people, and thus store physical silver, which one can also use as currency in case the world faces a collapse in the future.
This price prediction was slightly lower than the ones voiced by Kiyosaki at the end of last year. In December, the author of books on finance and investment tweeted that he expected Bitcoin to hit $350,000 this year, while he believes that the lowest it can reach is $175,000 per coin.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
