Outstanding investor believes world is heading into world recession, so Bitcoin turns into priceless
Robert Kiyosaki, a well-known investor and writer of nonfiction books on monetary self-literacy — “Wealthy Dad, Poor Dad” is probably the most well-known one — took to Twitter to share his tackle the present state of the worldwide financial system and the doable position of Bitcoin in it.
“We’re in a world recession,” “Bitcoin is priceless”
Kiyosaki believes that the present state of the worldwide financial system is worse than the Nice Melancholy that hit the U.S. within the early thirties of the final century. The investor reckons that the world has entered the state of a world recession, and a “tough touchdown for the world” is coming now.
He talked about a wave of bankruptcies, corporations shedding their workers, together with these within the crypto house, a surge within the variety of homeless folks and “retirements [being] toast.” That was what Kiyosaki known as the unhealthy information. Nevertheless, he identified that there’s nonetheless excellent news too: “bargains in every single place,” silver and gold getting cheaper and “Bitcoin is priceless” now, he careworn in his tweet.
Q: WHATIS WORSE THAN A GREAT DEPRESSION? A: a world recession. UNFORTUNATELY we’re in GLOBAL RECESSION. Cling on. Tough touchdown for world. BAD NEWS Chapter, Unemployment, Homelessness soar. Retirements toast. GOOD NEWS. Bargains in every single place. Gold, Silver, BC PRICELESS.
— Robert Kiyosaki (@theRealKiyosaki) January 28, 2023
Kiyosaki retains shopping for Bitcoin
On the final day of 2022, the vocal Bitcoin investor said that he was optimistic in regards to the flagship digital forex BTC and kept buying it. The principle cause for this was that BTC was labeled by U.S. regulators as a commodity, much like gold and silver (which he invests in as effectively, believing them not solely to be shops of worth but additionally silver to be helpful in varied industries sooner or later).
As for altcoins, the “Wealthy Dad, Poor Dad” writer reckons that almost all of them are labeled as securities and “SEC regulation will crush all of them.” Due to this fact, Bitcoin is the one crypto he goes for.
Total, Kiyosaki said earlier that he’s ready to purchase BTC regardless of how low its worth goes. The decrease, the higher, in response to considered one of his tweets, by which he mentioned he was ready for Bitcoin to check the $1,100 stage.
At present, the main digital forex by market cap is buying and selling at $23,180, in response to information shared by CoinMarketCap analytics web site.