Robert Kiyosaki Warns of Global Market Crash, Says Buy More Bitcoins

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As a seasoned analyst with over two decades of experience in navigating financial markets, I find Robert Kiyosaki’s warnings about a potential global market crash and economic depression highly concerning. The fragility of the current global economy is palpable, and his advice to stack up real assets such as gold, silver, and Bitcoin is worth considering, especially given the volatility we see in traditional markets.

According to millionaire investor and Rich Dad Poor Dad author Robert Kiyosaki, a global market crash and severe economic downturn may be imminent. In light of this prediction, he advises his followers to accumulate tangible assets like Gold, Silver, and even Bitcoin.

According to Robert Kiyosaki, the worldwide economy appears precariously balanced, potentially heading towards a “depression” stage. Despite Bitcoin being a highly unpredictable financial asset, Kiyosaki remains optimistic about it. He further anticipates significant economic declines in regions such as Europe, China, and the U.S., encouraging people to exercise caution when managing their finances.

Kiyosaki highlighted that inadequate financial education is often a significant hurdle to wealth accumulation, questioning, “What did you learn about money management at school?” He suggested maintaining employment and savings while advocating for precious metals like gold, silver, and Bitcoin as dependable assets that retain their worth even during economic fluctuations. On the X platform, Kiyosaki conveyed this idea by asking: “What did they teach you about financial stability in school?

As an analyst, I find myself cautioning everyone about the current global economic downturn that seems to be sweeping across Europe, China, and the United States. This trend might potentially lead us into a period of depression. Therefore, I strongly advise you all to exercise prudence when managing your finances. Hang on tightly to both your jobs and your savings, as they remain crucial in these trying times.

Sings of Financial Crisis: Is Bitcoin a Safe Haven?

Complex financial products worldwide have reached an unprecedented total of $380 billion so far this year, a level not seen since 2007, just before the Financial Crisis began. This new figure exceeds the peak of around $370 billion in 2021, demonstrating a substantial uptick in market activity. The escalation is attributed to growing investor risk tolerance as markets reach new highs, according to The Kobeissi Letter’s latest report.

Courtesy: The Kobeissi Letter

For quite some time now, Bitcoin (BTC) has shown a significant similarity in movement with the S&P 500. Consequently, when the S&P 500 took a steep dive last week following the Fed’s warning about potential future rate increases, Bitcoin’s price dipped by over 10% from its record high of $108K as well.

Historically, Bitcoin’s price tends to follow global money supply growth with a delay of approximately 10 weeks. In October, when the world’s total money supply peaked at an unprecedented $108.5 trillion, Bitcoin prices soared to a record-breaking high of $108,000.

Source: Joe Consorti

Over the last two months, the world’s money supply has dropped by an astounding $4.1 trillion, leaving it at $104.4 trillion – its lowest point since August. If past trends hold true, this decrease could forecast a potential Bitcoin price fall of up to $20,000 in the upcoming weeks.

I’m curious to find out if Bitcoin will yield to the turbulence of the global market or if Robert Kiyosaki’s assertion that it will serve as a secure investment option will prove accurate.

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2024-12-23 16:12