Robert Kiyosaki Defends Bitcoin (BTC) If US Debt Exceeds $34 Billion
“Rich Dad Poor Dad” Author Robert Kiyosaki shared an important Bitcoin (BTC) update to his more than 2.5 million followers on X amid the growing debt profile of the United States.
Robert Kiyosaki Says Buy Bitcoin
According to the Best Selling Author, there is no need to fear the current economic situation in the country. He argued that investors should be “PREPARED” after the country’s debt exceeded $34 trillion.
Market and financial experts are wary of the US Government’s increasing liabilities. On average, the national debt increases by an average of $1 trillion every 90 days, making the country one of the most indebted countries in the world.
The consequences of this huge debt profile are huge, it can be any kind of debt. economic growth measures It is being implemented by the Biden Administration. Although there is a positive rise in key economic indicators such as the decline in inflation and employment growth, the prediction of a longer-term recession is high.
Considering this possibility, Robert Kiyosaki said “America is Sick” and said: whoHe needs to escape financial collapse to “buy more gold, silver, Bitcoin.” He always held these three picks as escape assets to escape the rapid loss of the US Dollar and fiat currencies in general.
He believes in Bitcoin’s potential as a significant multiplier of capital, although he also occasionally considers real estate. Earlier in the week, he recommended investors invest as little as $500 to benefit from the asset’s recent rise and future growth.
Target of BTC Price
As justification for his call to buy more Bitcoin, Robert Kiyosaki said the digital currency Jump up to $300,000 At the end of this year.
His constant call This situation is similar to many other market experts who believe that the cryptocurrency could grow 10x from its current level. Towards the end of the week, Bitcoin price skyrocketed to an All Time High (ATH) above $70,000, setting a precedent that completed the digital currency’s heavy accumulation at the top. 4 spot BTC ETF issuers.
With the halving event just a few weeks away, the supply-demand shock is poised to tighten a bit further, further increasing scarcity that could help push the price of the cryptocurrency to valuation levels predicted by Robert Kiyosaki and other market experts.
While it is inevitable that the dollar will ultimately continue to fall, he believes Bitcoin’s deflationary design will ensure it continues to rise in value in the long run.
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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-life applications of blockchain technology and innovations to ensure mainstream acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based media and sites. Benjamin Godfrey is a lover of sports and agriculture. follow him excitementLinkedIn
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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