Robert Kiyosaki Warns of U.S. Financial Peril, Advocates Bitcoin
- The national debt has grown from $403 billion in 1923 to $33.17 trillion in 2023.
- Kiyosaki said you should look at alternative assets like Bitcoin, silver, and gold.
Robert Kiyosaki, a famous author and financial expert, has delivered a dire warning about the current status of the United States empire. He brought attention to the mounting national debt and said that Bitcoin (BTC), together with gold and silver, may be the solution. The investor went on to say that the United States was in danger because it was strangely comparable to the Roman Empire.
According to Kiyosaki, next weeks Super Bowl game is anticipated to attract a stunning $68 billion in wagers. He went on to say that the nations record-high debt levels are unsustainable and that these massive bets are happening at the same time.
Dollar Vulnerable to Depreciation
U.S. debt has been there from the start, and it ballooned during times of crisis like the Revolutionary War, reaching $75 million by 1791. Wars in Afghanistan and Iraq, the Great Recession of 2008, and the COVID-19 epidemic are recent significant rises.
Expenditure increased by over 50% from FY 2019 to FY 2021, mostly as a result of COVID-19. The United States governments fiscal statistics shows that the national debt has grown exponentially over the last century, going from $403 billion in 1923 to $33.17 trillion in 2023.
Instead of putting your money into the stock market, Kiyosaki said you should look at alternative assets like Bitcoin, silver, and gold. While predicting a potential steep decline in the stock and bond markets, Kiyosaki pushed for Bitcoin adoption. Also, since fiat currencies like the dollar are vulnerable to depreciation, he said, people should have less faith in them.
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Read more: https://thenewscrypto.com/robert-kiyosaki-warns-of-u-s-financial-peril-advocates-bitcoin/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
