The US economy and its future are the subject of heated debate among financial experts, with some recommending Bitcoin as a safe haven. One person who continues to tout BTC as the answer is Robert Kiyosaki, a prominent financial author who has made pessimistic predictions about the US economy.
economy is in decline
Robert Kiyosaki, widely known for his best-selling financial book “Rich Dad Poor Dad,” warned investors of an impending crash in a post on X (formerly Twitter). Kiyosaki said many investors don’t know what to do with their money and end up losing money.
He compared the current situation to U.S. Navy flight students being taught how to fly and crash. However, given his insistence on a “bailout,” there appear to be no easy options for investors going forward.
“We are not going to have a soft landing,” financial experts warned, warning that not only banks but also the US economy would collapse. With this in mind, he is steering investors towards other forms of asset preservation such as gold, silver and Bitcoin.
While financial authors expect the crash to be severe, investors in the three assets listed above will have a “parachute for a personal soft landing.” I believe we can.
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Strong advocate of Bitcoin
This is not the first time Kiyosaki has promoted Bitcoin as an alternative to traditional cash and investment vehicles. The financial expert warned last year that the U.S. economy was headed for disaster, and as usual, he promoted gold, silver, Bitcoin, etc. as the answer to the “inevitable crash.”
The author also makes an incredibly bullish prediction for future BTC prices, predicting an increase of over 300% from here. According to Kiyosaki, Bitcoin will rise to $150,000 after the Spot Bitcoin ETF is approved, but with the price already inching toward $50,000, Kiyosaki’s prediction is He says it might be a hit.
Kiyosaki also presented Bitcoin as a safe haven amid widespread political discontent. He has also made no secret of his dislike of current President Joe Biden, whom he believes is a weak and terrible president.
To counter this, financial authors suggest that investors move their assets into gold, silver, and Bitcoin, which are less easily controlled by governments. He also believes that BTC is the “best protection” against hyperinflation, which he predicts will happen soon.