Gold vs Bitcoin, Feb. 9 -- Author and investor Robert Kiyosaki weighed in on the long-running debate between gold and Bitcoin, arguing that while both have a place in a diversified portfolio, Bitcoin is the superior long-term investment.

Responding to a common question on asset allocation in a social media post on X on Monday, February 9, the Rich Dad Poor Dad author said he personally owns gold, silver and Bitcoin, but if forced to choose between gold and Bitcoin, his preference would be digital gold. The reason? He said it comes down to supply dynamics.

Kiyosaki's comments come on the backdrop of the sharp plunge in Bitcoin prices. The prices of Bitcoin have steadied at $70,000 but are down 44% from their record high of above $126,000...