Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Kiyosaki urges Bitcoin investment as US economy declines

Kiyosaki urges Bitcoin investment as US economy declines

GrafaGrafa2024/10/09 04:05
By:Mahathir Bayena

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!