The US economy and where it could be headed has been a hot topic of debate among financial experts, with some recommending bitcoin as a safe haven. One of those who has continued to tout btc as the answer is renowned financial author Robert Kiyosaki, who has made a gloomy prediction for the US economy.
The economy is falling
in a bitcoin-is-your-shield/” rel=”nofollow”>mail On According to Kiyosaki, many investors would end up losing their money because they don't know what to do with it.
He compared the current situation to that of US Navy flight students who are taught how to fly and also how to crash. However, there appears to be no easy option for investors going forward as it calls for a “bailout.”
The financial expert warns that both banks and the US economy will collapse and “we are not going to achieve a soft landing.” In view of this, he guides investors towards other forms of wealth preservation, which are gold, silver and bitcoin.
As much as the financial author expects the decline to be brutal, he believes that by being in the three assets mentioned above, investors can have “parachutes for their personal soft landing.”
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Strong bitcoin advocate
Kiyosaki is not new to pushing bitcoin as an alternative to cash and traditional investment vehicles. Over the past year, the finance expert has warned that the US economy is headed for ruin and, as always, boosts ventures like gold, silver and bitcoin in response to the “inevitable crisis.”
The author has also provided bitcoin-spot-etf-approval/” rel=”nofollow”>incredibly bullish predictions for btc price in the future, which he expects to increase more than 300% from now on. According to Kiyosaki, bitcoin will rise to $150,000 after the approval of bitcoin Spot ETFs, and with the price inching closer to $50,000, it looks like Kiyosaki's prediction may end up coming true.
Kiyosaki has also presented bitcoin as a safe haven at a time when there is widespread political discontent. He has also publicly stated his dislike for the current president, Joe Biden, whom he considers weak and terrible.
To counterattack, the financial author bitcoin-investment/” rel=”nofollow”>suggests that investors move their assets into gold, silver and bitcoin, which the government cannot easily control. He also believes that btc is the “best protection” against hyperinflation, which he expects to happen soon.
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