Renowned financial guru, entrepreneur, and bestselling author of “Rich Dad Poor Dad,” Robert Kiyosaki, has once again made headlines with his
As the US economy continues to deteriorate and the country’s debt ceiling discussions take center stage, Kiyosaki emphasizes the urgency of securing one’s financial future by investing in alternative assets, including the top cryptocurrency
Robert Kiyosaki begins by shedding light on the deteriorating state of the
Drawing attention to the dire financial situation, he asserts that the US is already bankrupt, citing unfunded liabilities, such as Social Security, which surpass $250 trillion.
Furthermore, Kiyosaki highlights the size of the financial market’s “derivative assets,” amounting to thousands of trillions of dollars. Against this backdrop, he presents his solution: investing in tangible assets like gold, silver, and digital gold – Bitcoin.
The Bestselling author of “Rich Dad Poor Dad” noted:
Politicians debating raising $30 trillion US debt limit bad comedy, “kabuki theater.” Facts are: US [is] bankrupt. Unfunded liabilities [such] as Social Security are over $250 trillion. Financial market “derivative assets” [are] measured in quadrillions…thousands of trillions. WTF. Buy G,S, BC.
Robert Kiyosaki has since been a vocal advocate for Bitcoin, emphasizing the top
He famously referred to these newly printed dollars as “fake money,” warning of the consequences of such actions. With over $6 trillion already printed in 2020 alone, Kiyosaki anticipates that the ongoing printing spree will cause Bitcoin’s price to surge to approximately
Meanwhile, despite the buy signal from Kiyosaki, Bitcoin has shown no uptick but instead a continuous decline. Over the past 24 hours, Bitcoin has experienced a 1% decline, while the past seven days have seen a dip of 3.1%.
At the time of writing, the top crypto currently
Furthermore, over the past week, Bitcoin has recorded a loss of over $10 billion from its market capitalization down by nearly 4%. The asset’s market cap has plunged from a high of $528 billion last Thursday to a cap low of $511 billion as of today.
Featured image from Shutterstock, chart from TradingView.com