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.
Michael Saylor, the founder of Strategy, has put forward an ambitious plan for the U.S. government to secure up to 25% of Bitcoin’s total supply over the next decade.
Timothy Peterson, a prominent analyst, has warned that the cryptocurrency market might soon face a downturn.
Billionaire investor and Bitcoin advocate Tim Draper recently expressed his enthusiasm for the newly established U.S. Strategic Bitcoin Reserve, calling it an exciting development.
Crypto strategist Benjamin Cowen, known for his accurate prediction of Bitcoin’s correction in January, believes BTC still has room for growth this year.