Robert Kiyosaki Believes Everything Is in Bubble, and Everything Will Crash as Bitcoin Reclaims $20,000

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Arman Shirinyan

Author of best­selling book believes wis­dom is most valu­able asset we’ll gain from this mar­ket crash

The author of extreme­ly pop­u­lar finan­cial self-edu­ca­tion book “Rich Dad, Poor Dad,” Robert Kiyosa­ki, expressed his neg­a­tive fore­cast on the cur­rent state of the mar­ket and the pos­si­bil­i­ty of a crash in the future.

Accord­ing to the promi­nent investor, the biggest crash has been build­ing since the 1990s, and instead of fix­ing the prob­lem at the begin­ning, the Fed decid­ed to increase the mon­e­tary sup­ply in the coun­try, which neg­a­tive­ly impact­ed the val­ue of the nation­al currency.

Apart from the crash on volatile mar­kets like stocks, tra­di­tion­al infla­tion safe havens like gold, sil­ver and oth­er pre­cious met­als are also crash­ing in the same man­ner as stocks, or even cryptocurrencies.

The only ulti­mate asset in a giant crash that investors gain is finan­cial wis­dom, says Kiyosa­ki. Accord­ing to var­i­ous on-chain indi­ca­tors, the prof­itabil­i­ty of most dig­i­tal assets is at an absolute low, show­ing that the major­i­ty of the mar­ket is in deep losses.

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Bitcoin is recovering

Despite the grim fore­cast described by Kiyosa­ki, the first cryp­tocur­ren­cy has not fol­lowed the stock mar­ket recent­ly and man­aged to climb back over the $20,000 thresh­old, which was an unex­pect­ed move by the first cryp­tocur­ren­cy con­sid­er­ing its poor price per­for­mance in the last few weeks.

The main rea­son behind the recov­ery could be tied to the cor­rec­tion of the U.S. Dol­lar against a brack­et of for­eign cur­ren­cies. Pre­vi­ous­ly, the British Pound almost reached par­i­ty with the USD, which shows how dev­as­tat­ing the effect of the ral­ly­ing U.S. cur­ren­cy is on assets like Bitcoin.

Despite all of the bear­ish fac­tors, BTC still has the sup­port of a small part of mar­ket par­tic­i­pants and will most like­ly enter a pro­longed con­sol­i­da­tion from there.



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