American entrepreneur Robert Kiyosaki explained his view on the recent drop of Bitcoin below $80,000.00
He believes that the reason is not the volatility of the main cryptocurrency, but the overall financial instability in the world. Despite the drop in price beyond $80,000.00, Kiyosaki does not change his position and continues to buy #BTC .
According to the entrepreneur, the main threat to the US financial system lies in the enormous national debt, which, along with social programs and obligations, has exceeded $230 trillion. If countries like Japan and China stop buying US bonds, inflation will rise sharply, which could lead to the collapse of the dollar.
Kiyosaki directly blames the US financial system for the crisis, calling banks 'criminals' and US bonds a 'joke'. He believes that Bitcoin is 'honest money', so he uses every price drop to increase his holdings of BTC, gold, and silver.
Previously, Kiyosaki had already warned about a global economic crisis, which he believes will inevitably impact all markets, including Bitcoin. However, he is convinced that the first cryptocurrency will recover faster than other assets, so he remains its supporter even during sharp price fluctuations.
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