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Robert Kiyosaki, the celebrated author of Rich Dad Poor Dad, has issued a stark warning about an impending economic depression. In a recent post on X (formerly Twitter), Kiyosaki claimed that the global market crash has already begun, with regions such as Europe, China, and the United States experiencing significant economic declines.
Global crash has started. Europe, China. USA going down . Depression ahead?
— Robert Kiyosaki (@theRealKiyosaki) December 23, 2024
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…
His cautionary message comes amid heightened financial volatility and uncertainty, sparking widespread concern across markets, including the cryptocurrency sector. Kiyosaki suggested that a "depression" phase could be on the horizon for the global financial system, urging individuals to safeguard their finances and secure their jobs.
As markets falter, Kiyosaki emphasized the enduring value of tangible and digital assets like gold, silver, and Bitcoin. "Global crash has started. Europe, China, USA going down. Depression ahead?" he wrote, underscoring the potential of these assets to retain value during turbulent times.
Kiyosaki also pointed out that financial downturns often present lucrative opportunities for investors, stating, "For many people, crashes are the best times to get rich." This perspective resonates strongly within the crypto community, particularly among Bitcoin enthusiasts looking to capitalize on market dips.
Bitcoin, the leading cryptocurrency, has seen notable volatility, reflecting the broader uncertainty in global markets. Over the last 24 hours, Bitcoin’s price dipped by approximately 1.5%, trading between highs of $97,260 and lows of $93,690, before settling at around $95,323. This price movement underscores the unpredictable nature of the crypto market, particularly during times of financial upheaval.
Adding to the uncertainty, the U.S. Spot Bitcoin ETF market has recorded significant outflows. BlackRock's Bitcoin ETF, in particular, experienced its largest withdrawal since its inception, dampening investor sentiment and raising concerns about waning institutional interest.
Despite the current challenges, many market participants remain confident in Bitcoin’s long-term prospects. Veteran trader Peter Brandt recently shared an optimistic price target for Bitcoin in a post on X, reinforcing his belief in the asset’s upward trajectory.
Institutional players like Metaplanet have also increased their Bitcoin holdings, signaling confidence in the cryptocurrency's future. These moves highlight a broader sentiment among investors and institutions who view Bitcoin’s current dip as a strategic buying opportunity, aligning with Kiyosaki’s assertion that downturns can lead to wealth creation.
The combination of long-term optimism from industry experts and increased institutional activity could pave the way for Bitcoin to reach new all-time highs. As market participants navigate the volatility, many see the current dip as an entry point for further investment.
Kiyosaki’s warning, while cautionary, serves as a reminder of the importance of strategic financial planning and the potential for opportunity amidst market chaos. Whether Bitcoin’s trajectory aligns with these optimistic predictions remains to be seen, but for now, the crypto market continues to capture attention as a haven for growth and innovation during uncertain times.
editor
A web 3 girl living in a web 2 world.
