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Kiyosaki urges Bitcoin investment as US economy declines

Kiyosaki urges Bitcoin investment as US economy declines

Grafa2024/10/09 04:05
By: Mahathir Bayena
BTC-0.21%

Robert Kiyosaki, author of Rich Dad Poor Dad, has voiced his concerns about the current state of the U.S. economy. 

Despite the nation’s global economic leadership, with a GDP of around $29 trillion, Kiyosaki believes the U.S. is in decline. 

In a recent post, he expressed his worries about the growing national debt and the policies of the Biden-Harris administration, which he argues are contributing to the country's problems.

Kiyosaki has long spoken about achieving financial independence, and he continues to criticise traditional institutions like the government and banks. 

He blames the current administration for exacerbating the nation’s issues, citing policies such as reducing police budgets and downgrading theft penalties as harmful. 

"Lying, cheating, and stealing… it is a sin against the human spirit," Kiyosaki remarked, underscoring his frustration with leadership decisions.

Kiyosaki advocates for investments in scarce assets like Bitcoin (CRYPTO:BTC), gold, and silver to hedge against economic instability. 

He warns that the U.S. national debt poses a significant threat to citizens’ savings and believes that paper money is rapidly losing value. 

For Kiyosaki, Bitcoin serves as a long-term store of value that can protect individuals from the financial risks associated with traditional, bank-controlled investments.

Bitcoin’s price has struggled to surpass its previous all-time high of $73,000. 

However, proponents like Michael Saylor, CEO of MicroStrategy, predict that Bitcoin could account for 7% of global capital by 2045. 

Kiyosaki views Bitcoin’s potential for continued growth as an opportunity for individuals to safeguard their financial futures.

At the time of writing, the Bitcoin price was $62,246.16.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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