The US economy and its possible trajectory are a hot topic of discussion among financial experts, with some recommending Bitcoin as a safe haven. One of those who continue 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 collapsing
In a post on According to Kiyosaki, many investors end up losing their money because they don't know what to do with it.
He compared the current situation to US Navy student pilots who were taught how to fly and also how to crash. However, it appears there is no easy option for investors going forward as he calls for a “bailout”.
The financial expert warns that both the banks and the US economy will collapse, and “we are not facing a soft landing.” With this in mind, he directs investors to 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 investors can have “parachutes for their personal soft landing” by holding stakes in the three assets mentioned above.
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Strong supporter of Bitcoin
Kiyosaki is no newcomer to pushing Bitcoin as an alternative to traditional cash and investment instruments. Last year, the financial expert warned that the US economy was heading for ruin and, as always, pushed for gold, silver and Bitcoin as the answer to the “inevitable crash”.
The author has also made incredibly optimistic predictions for the future BTC price, which he expects to rise by more than 300% from now. According to Kiyosaki, Bitcoin will rise to $150,000 following the approval of the spot Bitcoin ETF, and with the price already moving towards $50,000, it seems like Kiyosaki's prediction may end up coming true.
Kiyosaki has also portrayed Bitcoin as a safe haven at a time of widespread political discontent. He has also publicly expressed his dislike of current President Joe Biden, whom he believes is weak and a terrible president.
To fight back, the financial author suggests that investors shift their assets into gold, silver and Bitcoin, which cannot be easily 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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