Robert Kiyosaki warns that the global economy is unsustainable due to reliance on debt, with bonds representing this growing risk.
Kiyosaki claims banking crashes are hidden and more dangerous than visible market crashes, stressing the need for economic preparedness.
Bitcoin advocate Kiyosaki, along with Michael Saylor, urges investing in physical assets like Bitcoin, gold, and silver amid rising economic concerns.
Robert Kiyosaki has once more expressed concern regarding the condition of the worldwide financial system in a post shared recently on X. Pointing out the stress on the bond market, Kiyosaki warned about the possible risks that the global economy is facing due to its heavy reliance on debt.
https://twitter.com/theRealKiyosaki/status/1833201604918727118 Debt-Driven Economy at Risk
Kiyosaki, a strong supporter of Bitcoin, shared his thoughts, stating that governments rely on bonds to support their economies, which ultimately are forms of debt. He believes that the world's dependence on borrowing is not able to be maintained in the long-term.
He emphasized that the current state of the bond market indicates more severe economic difficulties. A bond represents a financial obligation, and the global economy relies heavily on it. Kiyosaki stated that this collapse indicates more serious economic issues.
Visible Market Crashes vs Hidden Bank Failures
In his analysis, Kiyosaki stressed that market downturns are usually noticeable, giving people the opportunity to get ready for the results. On the other hand, he emphasized the significant danger posed by hidden banking crashes.
He cautioned that concealed banking problems could have extensive repercussions, particularly in economies such as the United States, where concerns about a potential recession have been present for a while.
Kiyosaki has been cautioning about an upcoming crash for a while. He has argued that the current economic system, supported by debt, cannot continue in the long run. Responding to these worries, he has continuously supported investing in tangible assets such as gold, silver, and Bitcoin.
Bitcoin and the Case for Physical Assets
Kiyosaki believes assets such as Bitcoin are actual money, and he is not alone in the view. Michael Saylor, the Chairman of MicroStrategy, holds the same point of view. Saylor forecasted that Bitcoin may achieve a valuation of $13 million in the next ten years, attributing this to its appeal as a solid investment option for institutional investors.
Despite the price of Bitcoin recently fluctuating, Kiyosaki and Saylor maintain a positive outlook on the cryptocurrency's future. In the last month, the value of Bitcoin decreased by 6.30%, hitting a minimum of $52,598.70. However, market analysts propose that Bitcoin may have hit its lowest point and could be ready for a bull run soon.
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