Is the world on the verge of the biggest economic collapse in history?
These days, the market is crazy about the price of Bitcoin, the most famous digital currency, which has exceeded $98,400, which is a big number. But Kiyosaki has a different opinion; he thinks that this jump could be fake and a prelude to a major collapse.
Robert Kiyosaki, author of the famous book "Rich Dad, Poor Dad", recently warned of an economic catastrophe that could hit the world very soon. Kiyosaki, who is known for his harsh criticism of paper currencies and governments' monetary policies, sees the current situation as a "time bomb" and that we could witness "the biggest collapse in history".
Bitcoin numbers
High price during the day: $98,709.
Low price of the day: $97,543.
Daily change: Up by $508 (0.52%).
Also, the price of Bitcoin last year was around $38,546, meaning there was a big increase during this year.
As for Ethereum, its price today is about $3,648, and last year it was about $2,151, which also means there is a noticeable increase.
Kiyosaki is always critical of paper currencies that lose their value over time because governments print huge amounts of money. For example:
America: National debt reaches more than 33 trillion dollars
The inflation rate in America in 2024 was about 3.7%, which puts pressure on people's pockets and investments.
Ok, what's the solution?
Kiyosaki advises people to focus on “real assets” that will retain their value even if there is an economic collapse, such as:
Gold: The price of an ounce has now reached about $1,980 and is increasing with time.
Silver: Its price is around $25 per ounce, and there are expectations that it will rise more.
Bitcoin: Although it is volatile, Kiyosaki sees it as an investment that protects you from the loss of the value of paper currencies.
What is the status of stocks and real estate?
Stocks: Global stock markets are unstable, especially in the US. The S&P 500 index has been moving erratically due to fears of an economic recession and rising interest rates.
Kiyosaki warns that real estate could enter a crisis like 2008 if interest rates continue to rise.
Kiyosaki's advice
Diversify your investments: Don't put all your money in one basket.
Focus on real assets: gold, silver, and bitcoin.
Stay away from relying on paper currencies: because their value can collapse at any time.
Is this warning exaggerated?
Although some may see Kiyosaki's warnings as gloomy, the current economic reality confirms that his words are not far from the truth. Inflation is high, debt is increasing, and markets are unstable, all of which increases the possibility of a crisis.
The economic situation in the world is very sensitive now. Whether you are an optimist or a pessimist, you must prepare yourself and plan properly. Smart investment is what will make you overcome crises, even if the whole world falls around you$ETH
