Rich Dad Author Robert Kiyosaki Predicts Collapse of Stock and Bond Markets and Bitcoin’s Hedging Against Ram
Wall Street investors are in for a gala ride, with the S&P 500 up 4.5% since the beginning of 2024 and 20% over the past year. Tech giants like Meta announced strong results for 2023, which lifted the market on Friday, February 2. But market veterans like Robert Kiyosaki are sending a warning signal by backing Bitcoin while predicting doomsday for the stock and bond markets.
Robert Kiyosaki: Bitcoin Helps Preserve Wealth
Rich Dad author Robert Kiyosaki challenges perceptions of a strong economy by offering a cautious perspective on the current volatility in the stock market. He said the strong results from the “Magnificent 7” companies may be an illusion because they are backed by U.S. government funds. Kiyosaki is urging investors to be careful, signaling a possible downturn in both stock and bond markets.
its emphasis preference.preference For Bitcoin, Kiyosaki positions the cryptocurrency as a hedge against wealth erosion from monetary practices. He points out that figures like Federal Reserve Chair Powell, Treasury Secretary Yellin, and Wall Street bankers allege that inflation, taxation, and stock price manipulation are contributing to wealth theft.
Highlighting Bitcoin’s protective properties, Kiyosaki underlines his preference for saving and investing in cryptocurrency, staying away from traditional assets such as stocks, bonds and fiat currency.
BTC and Traditional Stock Markets
Last year in 2023, Bitcoin (BTC) and the broader cryptocurrency markets managed to break free from the traditional equity market, outperforming the latter by a large margin. However, the stock market is filling the gaps with a strong rise in the S&P 500 in January, and the Bitcoin price remains stable.
By design, Bitcoin aims to hedge against the traditional stock market while taking on the role of digital gold. With the launch of the Bitcoin ETF, the maturity of the asset class has improved amid strong institutional inflows.
With Bitcoin ETFs in the market, there is a good chance that institutions can move their funds there along with Gold to hedge against any stock market crashes. This will be the true test of Bitcoin’s ability to hedge against the traditional market.
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Bhushan is a FinTech enthusiast and has a good ability to understand financial markets. His interest in economics and finance draws his attention to the emerging Blockchain Technology and Cryptocurrency markets. He is in a constant learning process and motivates himself by sharing the knowledge he has acquired. In her spare time, she reads thriller novels and sometimes explores her culinary skills.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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