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BiyaPay Analyst: 'Rich Dad, Poor Dad' Author Kiyosaki Says 'Gold and Bitcoin Will Both Collapse,' Issues Market Warning Again
BlockBeats News, July 23rd, according to BiyaPay analyst, Robert Kiyosaki, author of "Rich Dad Poor Dad," issued another warning, stating that the "main bubble" of the U.S. economy is about to burst, and major asset classes such as gold, silver, and Bitcoin may experience a significant decline. Although Kiyosaki's remarks have shaken the market, he also pointed out that if the prices of these assets plummet, he would see it as a buying opportunity and would not hesitate to enter the market.
Kiyosaki's viewpoint is not groundless. The U.S. outstanding national debt is approaching nearly $37 trillion, the ten-year bond yield continues to rise, and inflationary pressure remains significant, all of which seem to support his view of the economy's "fragility." By the end of 2023, he publicly stated that if Bitcoin falls below $20,000, he would consider it a buying opportunity. In fact, his prophecy did usher in a subsequent rally after Bitcoin, and some of his assets appreciated as a result.
However, Kiyosaki's predictions do not always come true smoothly. Many times, his statements seem more like emotional outbursts rather than clear market predictions. So, will his warning this time come true? If the U.S. economy does experience a deep correction, will it be an excellent buying opportunity for investors?
BiyaPay analysts stated that during market turmoil, BiyaPay provides you with flexible investment channels. The platform supports USDT trading of U.S. and Hong Kong stocks, allowing users to participate in global stock trading in real time without the need for an offshore account. Additionally, BiyaPay also supports spot and contract orders for more than 200 cryptocurrencies with zero transaction fees, helping you to invest at low cost and high efficiency.
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