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.
Bitcoin may not have reached its peak in the current market cycle, according to a recent analysis by crypto analytics firm Alphractal.
BlackRock’s iShares Bitcoin Trust (IBIT) has officially crossed the 700,000 BTC mark, reinforcing its position as one of the fastest-growing exchange-traded funds in financial history.
Bitcoin may be gearing up for a significant move as its volatility continues to tighten, according to on-chain insights from crypto analyst Axel Adler.
Two major developments are converging in July that could shape the future of Bitcoin in the United States—both tied to President Trump’s administration and its expanding crypto agenda.