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.
Economist Alex Krüger believes Bitcoin’s bull run still has room to grow, even as investors grow impatient with its slower pace compared to previous cycles.
Alphractal, a cryptocurrency analytics firm, has released a new analysis of Bitcoin, highlighting that despite recent price drops, the overall funding rate across major exchanges remains positive.
Investor attention is locked on upcoming U.S. inflation data, which could shape Federal Reserve policy and ripple through financial markets, including crypto.
Economist Henrik Zeberg believes the crypto market is on the verge of its final bullish surge, with Bitcoin and altcoins gearing up for another major rally.