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Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” raised a stark warning about the U.S. debt crisis, urging individuals to consider investing in gold, silver, and Bitcoin as a hedge against the looming economic uncertainty.
U.S. Debt Growing Immensely
In a recent tweet, Robert Kiyosaki highlighted the enormous scale of U.S. debt, comparing a trillion dollars to 31,688 years in seconds. He pointed out the alarming rate at which the U.S. is accumulating debt, adding a trillion dollars every 100 days, bringing the national debt close to $35 trillion.
Currently, America’s debt stands at nearly $35 trillion, meaning every citizen effectively owes $100,000.
The rapid increase in debt has raised concerns about the economy’s long-term stability. Kiyosaki also warned against relying solely on FDIC insurance and the banking system, urging people to invest in tangible assets like gold, silver, and Bitcoin to protect their financial futures.
Why Gold, Silver, and Bitcoin?
As U.S. debt continues to climb, Kiyosaki underscores the need to invest in tangible assets like gold and silver, along with digital assets like Bitcoin. He believes these investments can protect against the potential collapse of fiat currency, which may lose significant value if the debt crisis worsens.
Kiyosaki has long recommended gold, silver, and Bitcoin as safe havens. He recently predicted an imminent economic crash followed by a major bull market, with bitcoin potentially reaching $10 million per coin, gold $15,000 an ounce, and silver $110 an ounce. He attributes this forecast to declining trust in fiat currencies and historical trends.
Bitcoin – A Buying Opportunity
As of now, Bitcoin is trading at $60,805, showing a 2.3% increase in the last 24 hours with a market cap of $1.2 trillion. However, it continues to consolidate between $58,000 and $62,066.
To start a strong bull run, Bitcoin may need to break through the resistance at this level. This resistance aligns with the previously breached trendline and the 100-day Exponential Moving Average around $62,217, making it a crucial zone to watch.