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Global Economy in Crisis, Robert Kiyosaki Calls for Investment in Bitcoin and Gold

CryptonewslandCryptonewsland2024/09/10 07:33
By:Cryptonewsland
  • 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.

The bond market is crashing. Do you realize the world economy is based on debt? A bond is debt, and the whole world is floating on it, and this collapse signals deeper economic troubles. While market crashes are visible, banking crashes are hidden and much more dangerous. It’s…

— Robert Kiyosaki (@theRealKiyosaki) September 9, 2024

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.

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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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Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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