As a crypto investor with over two decades of experience under my belt, I’ve seen my fair share of economic booms and busts. Robert Kiyosaki’s words echo the sentiments I’ve held for years – education about money is paramount, especially when it comes to understanding its intrinsic value and the power of investing in assets that maintain their worth.
In the third quarter of 2024, the nation’s economic growth showed steady progress as real GDP increased compared to the previous quarter (Q2).
That’s according to data from the US Bureau of Economic Analysis.
On Sunday, Kiyosaki cautioned that the economy might experience a severe downturn next year. He posted, “The global economic crash has begun; Europe, China, and the USA are following suit. A depression is imminent?” His message emphasized the importance of being prudent with one’s finances and urged people to hold onto their jobs and savings.
Global crash has started. Europe, China. USA going down . Depression ahead?
Please be smarter with your money. Hang on to your job and your money.
“The main issue we face is the behavior of our politicians and teachers.” Or, “I frequently wonder, ‘Did school ever teach you about managing money?'” Both maintain the original meaning and are easier to read.
Regardless of…
— Robert Kiyosaki (@theRealKiyosaki) December 23, 2024
In simpler terms, when the writer “Rich Dad, Poor Dad” bestseller refers to money, he is actually talking about Bitcoin and gold. Many others also share his concerns about potential economic difficulties ahead. Even though this year has shown robust GDP figures, some experts are worried that President Trump’s assertive trade policies might hamper growth and possibly trigger a recession.
In November, Peter Berezin, who serves as the chief global strategist at BCA Research, cautioned about a potential 75% likelihood of economic recession due to President Trump’s proposed import tariffs.
Kiyosaki Boosts Bitcoin for Economic Meltdown
Robert Kiyosaki believes that even in challenging economic times, there’s still a chance for prosperity. As he puts it, “Crashes can be the perfect opportunities for people to amass wealth.” His ambition is to grow wealthier himself, and he encourages others to do the same. He wants not only for you to become wealthier but also wiser. Take care.
A few days ago, a writer on financial topics predicted that the value of Bitcoin might plummet to approximately $60,000, down from its present range near $100,000.
Tom Lee of Fundstrat expresses concern over a significant decline from the present levels, but Kiyosaki remains unfazed and doesn’t plan to sell, as he anticipates that the value of cryptocurrency could soar up to $250,000 by 2025.
BITCOIN to CRASH
As an analyst, I find myself currently observing a roadblock in Bitcoin’s progression towards the $100k mark. This potential stagnation might lead to a correction, possibly driving the price down to around $60k. In such a situation, I, for one, would refrain from selling. Instead, I would view this as an opportunity to purchase more BTC at a potentially lower cost, considering it as a sale rather than a decline.
I predict Bitcoin will settle around $250 in 2025.
At this stage of the BTC process… price is not…
— Robert Kiyosaki (@theRealKiyosaki) December 1, 2024
In the current phase of the Bitcoin transaction, what really matters isn’t the price but rather the number of Bitcoins you own, according to him.
A Booming 2025 Could Wreck Fiats Like USD
Although there have been cautious predictions of an economic downturn, many experts believe that businesses will thrive significantly in the year 2025. Apollo Global Management’s top economist, Torsten Sløk, has even forecasted a zero percent chance of recession for the United States in 2025.
Regardless of the economic climate, Bitcoin could prove to be your key savings asset. As Kiyosaki explains, the value of Bitcoin remains steady whether the economy is expanding or contracting. This is due to the fact that when the economy weakens, investors often flock to Bitcoin as a safeguard against future uncertainties. Conversely, when the economy is thriving, inflation of fiat currencies spikes, causing Bitcoin’s price to follow suit.
“Regardless of which way economy goes, gold, silver, and Bitcoin hold their value,” Kiyosaki said.
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2024-12-25 11:00