In recent months, the price of Bitcoin has been on a roller coaster, first rushing to $100,000, then falling below $80,000. Robert Kiyosaki, author of Rich Dad Poor Dad, said that this is actually because the economy is facing big problems, which is why the price of Bitcoin fluctuates so much.
Bitcoin was very popular in December and January last year, with its price breaking $100,000, setting a new record. But the good times did not last long. In the past month, it has been fluctuating between $91,000 and $101,000. Last week, it fell below $80,000.
In the last week of February, Bitcoin giants were selling off, and network activity and hash rate also fell sharply. However, the global stock market economy is falling, and cryptocurrencies are not the only phenomenon.
Since Trump took office, the economy has adjusted, the stock market and gold have experienced a certain degree of correction, and US consumer spending has also fallen for the first time in two years. Therefore, the difficulties of cryptocurrencies seem to be caused by the shift in macro trends.
However, Robert Kiyosaki recently shared his views on Bitcoin and the current economic system. He pointed out that the decline in Bitcoin prices is not a problem with Bitcoin itself, but because there is something wrong with our monetary system and some dishonest bankers.
He also mentioned that the United States' debt has piled up, including social programs such as Medicare and Social Security, with a national debt of up to 36 trillion US dollars, making the total US debt far exceed 230 trillion US dollars.
Kiyosaki said that U.S. bonds have become a joke in the international market. He predicted that when countries such as Japan and China stop buying U.S. bonds, inflation will soar rapidly, eventually leading to the collapse of the U.S. economy and the dollar.
In this context, Kiyosaki believes that Bitcoin is an honest currency, and that those worthless currencies (here called "fake money") are the problem. He plans to buy more Bitcoin when the price falls because he believes in the value of Bitcoin.
Kiyosaki also said that once the worthless currencies in his hands are exchanged, he will use the money to buy gold, silver and Bitcoin.
In summary, Robert Kiyosaki is optimistic about the future of Bitcoin and believes that it is a reliable means of storing value, while he is critical of the current monetary and banking systems. His view is that investing in Bitcoin is a wise choice during economic turmoil.
💬What do you think? Do you agree with Kiyosaki's "Dollar Crisis Theory"? In the economic turmoil, when the price of Bitcoin plummets, will you choose to buy at the bottom or wait and see? See you in the comments!
