Financial educator and author Robert Kiyosaki has raised alarms about the state of the U.S. economy, warning that the nation, despite its status as the largest global economy with a GDP of around $29 trillion, is on a downward path.
He criticized government leaders, particularly President Biden and Vice President Harris, for their policies and perceived dishonesty, which he believes threaten the country’s stability.
With the presidential election approaching, Kiyosaki has called for leaders who embody integrity, contrasting the current administration with historical figures like Washington and Lincoln.
He is particularly concerned about the rising national debt, suggesting it could jeopardize the financial security of Americans.
Kiyosaki advocates for investing in hard assets, such as Bitcoin, as a hedge against economic turmoil. He references predictions from Michael Saylor, who anticipates that Bitcoin could significantly increase in value, potentially comprising 7% of global capital by 2045.
Currently, Bitcoin is priced at about $62,000, inching closer to its all-time high. Kiyosaki views Bitcoin as a safer investment compared to traditional currencies, which are susceptible to inflation and devaluation, and believes it could play a crucial role in securing investors’ wealth in the future.
Last week, Bitcoin (BTC) saw a sharp decline of nearly 10%, primarily driven by rising geopolitical tensions in the Middle East.
Bitcoin (BTC) has surged more than 40% this year, outperforming major stock indices, bonds, gold and even oil, which has been rising recently due to geopolitical tensions.
With the release of crucial Consumer Price Index (CPI) and Producer Price Index (PPI) data scheduled for this week, three cryptocurrencies are capturing significant market interest.
Last month, the SEC gave the green light for BlackRock’s Bitcoin ETF to offer options trading.