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.
Gold advocate Peter Schiff issued a stark warning on monetary policy and sparked fresh debate about Bitcoin’s perceived scarcity. In a pair of high-profile posts on July 12, Schiff criticized the current Fed rate stance and challenged the logic behind Bitcoin’s 21 million supply cap.
A sharp divergence has emerged between Bitcoin’s exchange balances and its surging market price—signaling renewed long-term accumulation and supply tightening.
The United States has rolled out a broad set of new import tariffs this week, targeting over 30 countries and economic blocs in a sharp escalation of its trade protection measures, according to list from WatcherGuru.
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