As a seasoned researcher with over two decades of financial market analysis under my belt, I find myself nodding in agreement with Robert Kiyosaki’s latest warnings about the global financial ecosystem. His insights into the unsustainable nature of debt-based economies and the impending collapse are not new to me, but they are certainly a stark reminder of the cyclical nature of markets.
Once more, Robert Kiyosaki, a well-known financial expert and Bitcoin proponent, has brought attention to the fact that the global financial system is under significant pressure. He emphasized that the bond market, already overextended, is a key area of concern. Moreover, he highlighted his view that our current economic model, which relies heavily on debt, is not sustainable in its present form.
Robert Kiyosaki: The Crash and The Solution
The financial educator gave an expose on X that though governments sustains the world economy through bonds, in reality, these are debts.
He stated that a bond represents borrowed money, and the global economy is currently treading water on this debt. This impending crash suggests a more profound economic instability lies beneath.
He said in general, market crashes are very visible. This gives everyone an ample time to prepare for the strain ahead. In a twist, he said banking crashes are “hidden,” and are more dangerous than economic crashes. In the US, fears of recession abounds as many experts have been reiterating over the past year.
Robert Kiyosaki is one of the major proponents who believes this crash is inevitable. The hidden nature of economic crash marks one of the reasons he claimed he is investing in physical assets. His top picks in this regard include Gold, Silver and Bitcoin.
The financial expert said he is an hardcore believer in real money that assets like Bitcoin represents. Many other experts and market leaders like Michael Saylor also hold this believe. As the Chairman of MicroStrategy, Michael Saylor predicts Bitcoin will hit $13 million in the coming decade.
He maintains his position due to his belief that coins serve as a reliable investment asset for institutional investors, particularly in terms of their hard value.
The Bitcoin Projected Renaissance
Robert Kiyosaki and Michael Saylor’s optimism about Bitcoin isn’t boosting its value. On the contrary, over the last month, Bitcoin’s price has fallen by 6.30%, reaching a low of $52,598.70.
On the contrary, the currency often leverages prevailing economic instability to reach record peaks. In a recent Bitcoin price assessment, there’s talk of it potentially reaching its bear market minimum, suggesting an upcoming recovery may be imminent.
Currently, the coin has already started bouncing back, currently valued at $56,871.55, an increase of 4.76%. If this optimistic trend continues, it’s possible that the coin could surpass the $60,000 resistance level within the next few weeks.
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2024-09-09 23:34