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Robert Kiyosaki Supports Bitcoin and Ethereum Amid Economic Uncertainty

Robert Kiyosaki Supports Bitcoin and Ethereum Amid Economic Uncertainty

Crypto News

Robert Kiyosaki Advocates for Bitcoin and Ethereum During Financial Unrest

Renowned author Robert Kiyosaki, known for 'Rich Dad Poor Dad,' has endorsed Bitcoin and Ethereum as protective assets amidst rising economic concerns. In a recent statement on X, he recommended these cryptocurrencies along with gold and silver to safeguard wealth as the global financial landscape faces increasing volatility.

Fears of Economic Collapse

Kiyosaki has warned of an impending economic collapse, describing it as the 'biggest crash in history.' He anticipates that this downturn will impact regions including the U.S., Europe, and Asia, and is driven by rising inflation and job losses due to artificial intelligence advancements.

Kiyosaki believes this economic decline will lead to higher poverty rates and recommends alternative assets for wealth preservation. 'Buy gold, silver, Bitcoin, and Ethereum,' he advised, emphasizing their role as financial safeguards.

Bitcoin and Ethereum: Safe Havens

Despite recent market fluctuations, Kiyosaki maintains confidence in Bitcoin and Ethereum's long-term value. While Bitcoin recently fell below $81,000 and Ethereum dipped under $3,000, he views them as crucial during economic downturns. Although he sold $2.25 million in Bitcoin for business ventures, he plans to reinvest in Bitcoin using future business income, citing Ethereum's similar value in unstable times.

Kiyosaki noted unusual market conditions where gold, silver, and stocks rise as Bitcoin lags, suggesting a potential bear phase in the crypto market.

Anticipating Global Crash and Job Losses

Kiyosaki forecasts a worldwide economic crash, impacting both residential and commercial real estate. He highlighted that artificial intelligence could exacerbate job losses, accelerating the downturn and affecting income and markets. He continues to advocate for Bitcoin and Ethereum as financial hedges.

His warnings coincide with declining Bitcoin and Ethereum prices, despite rising gold, silver, and stock markets.

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