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Best Bet in a Boom or Bust Economy Is Bitcoin
The post Best Bet in a Boom or Bust Economy Is Bitcoin appeared on BitcoinEthereumNews.com. The economy is chugging along nicely, with real GDP rising in the third quarter over the second quarter of 2024. That’s according to data from the US Bureau of Economic Analysis. Kiyosaki warned on Sunday, however, that the economy could plunge into a depression next year. “Global crash has started. Europe, China. USA going down. Depression ahead?” he wrote in a post on X. “Please be smarter with your money. Hang on to your job and your money.” Global crash has started. Europe, China. USA going down . Depression ahead? Please be smarter with your money. Hang on to your job and your money. Biggest problem are our leaders and educators. As I have often asked “What did school teach you about money?” Regardless of… — Robert Kiyosaki (@theRealKiyosaki) December 23, 2024 And by money, the bestselling “Rich Dad, Poor Dad” author means Bitcoin and gold. He’s not alone in fearing economic trouble ahead. Despite the strong GDP numbers this year, some analysts fear Trump’s aggressive trade policies could slow growth and lead to a recession. Peter Berezin, the chief global strategist for BCA Research, warned in November that Trump’s proposed import tariffs will leave the economy with a 75% chance of recession. Kiyosaki Boosts Bitcoin for Economic Meltdown Kiyosaki says all hope is not lost in a bad economy. “For many people, crashes are the best times to get rich,” he said. “I plan on getting richer. I want you to get richer and smarter, too. Take care.” Earlier this month, the financial author suggested that Bitcoin’s price could crash to $60,000 from its current levels of around $100,000. Fundstrat’s Tom Lee is also worried about a massive pullback from these current highs. But Kiyosaki said he’s not selling because he expects the cryptocurrency to reach $250,000 in 2025.…
The post Best Bet in a Boom or Bust Economy Is Bitcoin appeared on BitcoinEthereumNews.com.
The economy is chugging along nicely, with real GDP rising in the third quarter over the second quarter of 2024. That’s according to data from the US Bureau of Economic Analysis. Kiyosaki warned on Sunday, however, that the economy could plunge into a depression next year. “Global crash has started. Europe, China. USA going down. Depression ahead?” he wrote in a post on X. “Please be smarter with your money. Hang on to your job and your money.” Global crash has started. Europe, China. USA going down . Depression ahead? Please be smarter with your money. Hang on to your job and your money. Biggest problem are our leaders and educators. As I have often asked “What did school teach you about money?” Regardless of… — Robert Kiyosaki (@theRealKiyosaki) December 23, 2024 And by money, the bestselling “Rich Dad, Poor Dad” author means Bitcoin and gold. He’s not alone in fearing economic trouble ahead. Despite the strong GDP numbers this year, some analysts fear Trump’s aggressive trade policies could slow growth and lead to a recession. Peter Berezin, the chief global strategist for BCA Research, warned in November that Trump’s proposed import tariffs will leave the economy with a 75% chance of recession. Kiyosaki Boosts Bitcoin for Economic Meltdown Kiyosaki says all hope is not lost in a bad economy. “For many people, crashes are the best times to get rich,” he said. “I plan on getting richer. I want you to get richer and smarter, too. Take care.” Earlier this month, the financial author suggested that Bitcoin’s price could crash to $60,000 from its current levels of around $100,000. Fundstrat’s Tom Lee is also worried about a massive pullback from these current highs. But Kiyosaki said he’s not selling because he expects the cryptocurrency to reach $250,000 in 2025.…
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