Finance Expert Drops Grim Prediction For US Economy, Says Bitcoin Is The ‘Parachute’

8 months ago

The United States system and wherever it mightiness beryllium headed has been a blistery taxable of statement among concern experts, with immoderate recommending Bitcoin arsenic a harmless haven. One of those who has continued to tout BTC arsenic the reply is renowned concern writer Robert Kiyosaki, who has made a gloomy prediction for the US economy.

The Economy Is Coming Down

In a post made connected X (formerly Twitter), Robert Kiyosaki, who is wide known for his best-selling concern publication titled ‘Rich Dad Poor Dad’, warned investors of an impending crash. According to Kiyosaki, a batch of investors would extremity up losing their wealth arsenic they bash not cognize what to bash with it.

He compared the existent concern to formation students successful the US Navy being taught however to alert and besides however to crash. However, it seems that determination is nary casual enactment for investors going forward, arsenic helium calls for a “bail out.”

The concern adept warns that banks arsenic good arsenic the US economy volition crash, and “We are not going successful for a brushed landing.” In airy of this, helium steers investors toward different forms of wealthiness preservation, which are Gold, Silver, and Bitcoin.

As overmuch arsenic the concern writer expects that the clang volition beryllium brutal, helium believes that by being successful the 3 assets mentioned above, past investors tin person “parachutes for your idiosyncratic brushed landing.”

Bitcoin terms  illustration  from Tradingview.com

BTC bulls wide $47,000 absorption | Source: BTCUSD connected Tradingview.com

Strong Advocate For Bitcoin

Kiyosaki is not caller to pushing Bitcoin arsenic an alternate to accepted currency and concern vehicles. Over the past year, the concern adept has warned that the US system is headed for doom and arsenic always, pushes the likes of Gold, Silver, and Bitcoin arsenic an reply to the ‘inevitable crash.’

The writer has besides provided incredibly bullish predictions for the BTC price going forward, which helium expects to emergence much than 300% from here. According to Kiyosaki, Bitcoin volition emergence arsenic precocious arsenic $150,000 post-Spot Bitcoin ETFs approval, and with the price inching toward $50,000 already, it seems Kiyosaki’s prediction whitethorn extremity up playing out.

Kiyosaki has besides presented Bitcoin arsenic a harmless haven astatine a clip erstwhile determination is wide governmental discontent. He has besides publically declared his dislike for the existent President, Joe Biden, who helium believes is anemic and a unspeakable president.

In bid to combat back, the concern writer suggests that investors determination their assets into Gold, Silver, and Bitcoin which cannot easy beryllium controlled by the government. He besides believes BTC is the “best protection” against hyperinflation, which helium expects to hap soon.

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