The concern that the global financial ecosystem is under a major strain has once again being highlighted by Robert Kiyosaki. Known as a popular financial advisor, the investor has reiterated how the over-stretched the bond market is. The Bitcoin advocate said the world economy is currently based on debt, a trend that is not sustainable.
Robert Kiyosaki: The Crash and The Solution
The financial educator gave an expose on X that though governments sustains the world economy through bonds, in reality, these are debts.
“A bond is debt, and the whole world is floating on it, and this collapse signals deeper economic troubles,” he said.
He said in general, market crashes are very visible. This gives everyone an ample time to prepare for the strain ahead. In a twist, he said banking crashes are “hidden,” and are more dangerous than economic crashes. In the US, fears of recession abounds as many experts have been reiterating over the past year.
Robert Kiyosaki is one of the major proponents who believes this crash is inevitable. The hidden nature of economic crash marks one of the reasons he claimed he is investing in physical assets. His top picks in this regard include Gold, Silver and Bitcoin.
The financial expert said he is an hardcore believer in real money that assets like Bitcoin represents. Many other experts and market leaders like Michael Saylor also hold this believe. As the Chairman of MicroStrategy, Michael Saylor predicts Bitcoin will hit $13 million in the coming decade.
He holds this position because he considers the role of the coin as a hard asset for institutional investors.
The Bitcoin Projected Renaissance
The positive disposition of Robert Kiyosaki and Michael Saylor toward the coin is not helping its valuation. Over the past month, Bitcoin price has dropped by 6.30% as it touched a low of $52,598.70.
However, the coin has the tendency to capitalize on the current economic uncertainty to plot new highs. In a recent Bitcoin price analysis, there are speculations that BTC might have hit its bearish bottom, with a likely rebound ahead.
As of writing, the rebound is already showing forth, with the coin up 4.76% to $56,871.55. If this positive sentiment is sustained, the coin may breach the $60,000 resistance in the coming weeks.
The post Robert Kiyosaki Warns Of ‘Hidden’ Banking Crisis, Bitcoin Rally Ahead? appeared first on CoinGape.
