The United States economy and where it might be heading has been a hot topic of discussion among financial experts, with some recommending Bitcoin as a safe haven. One of those who continues to tout BTC as the answer is renowned financial author Robert Kiyosaki, who has made a dire prediction for the US economy.
The economy is deteriorating
In a after On According to Kiyosaki, many investors would end up losing their money because they don’t know what to do with it.
He compared the current situation to flight students in the US Navy who learned to fly and also how to crash. However, it appears there may not be an easy option for investors going forward as he calls for a ‘bail out’.
The financial expert warns that both banks and the US economy will collapse, and “We are not heading for a soft landing.” In light of this, he is steering investors towards other forms of wealth preservation, namely gold, silver and Bitcoin.
As much as the financial writer expects the crash to be brutal, he believes that by being in the three assets mentioned above, investors can have “parachutes for your personal soft landing.”
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Strong advocate for Bitcoin
Kiyosaki is not new to pushing Bitcoin as an alternative to traditional cash and investment vehicles. Over the past year, the financial expert has warned that the US economy is headed for ruin, pushing gold, silver and Bitcoin as always in response to the ‘inevitable crash’.
The author has also provided incredibly bullish predictions for the BTC price in the future, which he expects to increase by more than 300% from now. According to Kiyosaki, Bitcoin will reach as high as $150,000 after the approval of the Spot Bitcoin ETFs, and with the price already heading towards $50,000, it appears that Kiyosaki’s prediction may eventually become a reality.
Kiyosaki has also presented Bitcoin as a safe haven at a time of widespread political discontent. He has also publicly expressed his distaste for the current president, Joe Biden, who he believes is weak and a terrible president.
To fight back, the financial author suggests that investors are moving their assets into gold, silver and Bitcoin, which cannot easily be controlled by the government. He also believes that BTC is the “best protection” against hyperinflation, which he expects to happen soon.
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