Should You Stick With Bitcoin During This Sad State Of The US?
Recent reports have revealed that the famous author of Rich Dad Poor Dad thinks that Bitcoin might be a better investment option during America’s current financial climate. Robert Kiyosaki, who has sold millions of copie...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Recent reports have revealed that the famous author of Rich Dad Poor Dad thinks that Bitcoin might be a better investment option during America’s current financial climate.
Robert Kiyosaki, who has sold millions of copies of his book, suggests that Bitcoin (BTC) and precious metals are the way to go amidst increasing national debt and financial inequality.
He expresses sadness about the current state of America and shares this sentiment with his 2.4 million Twitter followers.
Given his outlook on the US economy, he says he will continue to invest in “real assets” which include Bitcoin, silver and gold.
“WHY is [the] stock market taking off? Because the ‘debt ceiling’ was removed. This means national debt to rise with the stock market. Rich get richer as America gets poorer. Sad. Sticking with real money and real assets: gold, silver, Bitcoin.”
Kiyosaki has repeated his previous advice to invest in cryptocurrency. In June, he cautioned that several regional banks and mortgage companies were at risk of collapsing.
He also predicted a forthcoming real estate crash, which he believes will be more severe than the housing market crisis of 2008.
Kiyosaki advised Americans to protect themselves from financial disasters by acquiring precious metals and Bitcoin.
New Bitcoin price prediction is outIt has been just revealed that we have a new price prediciton for Bitcoin out. Check out the latest reports about this below.
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $30,311.
An analyst who accurately predicted the end of Bitcoin’s 2021 bull market is forecasting a significant rise for the cryptocurrency, but only after a dip in price.
This analyst, known as Pentoshi on Twitter and followed by over 697,700 people, predicts that Bitcoin may fall to $28,000 after failing to maintain a price above $31,000.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Binance Co-CEO Richard Teng Says 70% of EU Users Chose Self-Custody Over MiCA Platforms
Speaking at the Reuters NEXT Asia conference in Singapore, Teng said that roughly 70% of withdrawn customer assets were moved to s...
IEA reports first global oil demand decline since 2020, and crypto miners are paying attention
The decline in global oil demand could lower energy costs, potentially benefiting energy-intensive industries like cryptocurrency...
Bitcoin nearing late stages of bear market: Jamie Coutts, Real Vision
Real Vision chief crypto analyst Jamie Coutts said it's far too early to call $1 million by 2030, but he's confident Bitcoin could...
False reports of Jayden Adams’ death highlight how misinformation spreads, a familiar problem for crypto markets
Misinformation's rapid spread underscores the urgent need for improved verification processes, impacting trust across various sect...
FIFA eyes Qatar for 2029 Club World Cup winter edition, and sports tokenization could be the real winner
The potential shift to a winter Club World Cup in Qatar could drive European leagues to adapt schedules and spur mid-tier clubs to...
Marc Cucurella’s Real Madrid move highlights football’s growing intersection with crypto-sponsored clubs
Cucurella's transfer underscores the increasing influence of cryptocurrency in football, potentially reshaping club sponsorship dy...