Robert Kiyosaki has raised fresh concerns about the global financial system, emphasizing the overburdened state of the bond market.
The well-known financial advisor and Bitcoin proponent argues that the world economy is overly reliant on debt, a situation he finds unsustainable.
Kiyosaki pointed out on X that while bonds are presented as a cornerstone of economic stability, they essentially represent debt. He warned that the collapse of this debt-based system signals deeper economic issues.
According to Kiyosaki, while market crashes are typically evident and offer time to prepare, banking crashes are more insidious and pose greater risks. This aligns with ongoing recession fears in the US.
Kiyosaki, who views an economic downturn as inevitable, has turned to physical assets like Gold, Silver, and Bitcoin as safer investments. He, along with other influential figures like Michael Saylor of MicroStrategy, believes in Bitcoin’s potential as a solid asset, with Saylor predicting a future value of $13 million per Bitcoin.
Despite this optimistic outlook, Bitcoin has seen a 6.30% decline over the past month, hitting a low of $52,598.70. However, recent analysis suggests that Bitcoin may be at its lowest point and could soon rebound. As of now, Bitcoin has increased by 4.76% to $56,871.55, and if this positive trend continues, it might surpass the $60,000 mark in the near future.
On September 18, the US Federal Reserve made a notable move by cutting interest rates by 50 basis points, marking the start of a new easing cycle.
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.
For the first time in 4 years, Fed cut the rates for the first time in 4 years, which lead to a notable surge in cryptocurrency prices.
Donald Trump, the Republican presidential nominee, made headlines by becoming the first former U.S. president to make a Bitcoin transaction.