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U.S. Economy Will Crash and Bitcoin Will be the Salvation – Robert Kiyosaki

U.S. Economy Will Crash and Bitcoin Will be the Salvation – Robert Kiyosaki

Cryptodnes2024/10/09 08:03
By: Cryptodnes
BTC-0.17%

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.

READ MORE:
Bitcoin Poised to Surge to $90,000 This Fall, Analyst Predicts

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.

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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