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.
Philippe Laffont, the billionaire behind Coatue Management, is beginning to question his stance on Bitcoin.
Personal finance author Robert Kiyosaki is urging investors to rethink their approach to money as digital assets reshape the economic landscape.
Federal Reserve Chair Jerome Powell is once again under fire, this time facing renewed criticism from Donald Trump over the Fed’s decision to hold interest rates steady in June.
Crypto infrastructure firm Bit Digital is making a bold strategic pivot, abandoning Bitcoin mining entirely in favor of Ethereum staking and asset management.