The economy is progressing very well, with real GDP growth in the third quarter compared to the second quarter of 2024.
This is according to data from the US Bureau of Economic Analysis.
Kiyosaki warned on Sunday, however, that the economy could slip into a depression next year. “The global crash has begun. Europe, China. US going down. Depression ahead?” he wrote in a post on X. “Please be smarter with your money. Hold on to your job and your money.”
The global decline has begun. Europe, China. USA going down Depression ahead?
Please be smarter with your money. Hold on to your job and your money.
The biggest problem is our leaders and educators. As I have often asked “What did school teach you about money?”
Regardless of…
— Robert Kiyosaki (@theRealKiyosaki) December 23, 2024
And by money, the best-selling author of “Rich Dad, Poor Dad” means Bitcoin and gold. He is not the only one who is afraid of financial problems. Despite strong GDP numbers this year, some analysts fear that Trump’s aggressive trade policies could slow growth and lead to a recession.
Peter Berezin, the chief global strategist at BCA Research, warned in November that Trump’s proposed import tariffs would leave the economy with a 75% chance of recession.
Kiyosaki Boosts Bitcoin for Economic Crisis
Kiyosaki says all hope is not lost in a bad economy. “For many people, crashes are the best times to get rich,” he said. “I’m thinking of getting richer. I want you to be richer and smarter too. Take care.”
Earlier this month, the financial writer suggested that the price of Bitcoin could fall to $60,000 from its current levels of around $100,000.
Fundstrat’s Tom Lee is also worried about a massive pullback from these current highs. But Kiyosaki said he is not selling because he expects the cryptocurrency to reach $250,000 by 2025.
BITCOIN to CRASH
Bitcoin is stalled above $100,000. This means that BTC can crash to $60,000.
If that happens, I won’t sell. BTC will have a sell off. I will buy more.
I predict that Bitcoin will settle around $250 in 2025.
At this stage of the BTC process… the price is not…
— Robert Kiyosaki (@theRealKiyosaki) December 1, 2024
“At this stage of the BTC process… the price is not as important… as how many BTC you acquire,” he said.
A 2025 boom could wreck Fiats like USD
Despite some recession warnings, most economists expect business to grow in 2025. Apollo Global Management Chief Economist Torsten Sløk predicts a 0% recession for the US in 2025.
Either way, Bitcoin could be your most important savings vehicle. According to Kiyosaki, BTC maintains its value whether the economy is slowing or growing. This is because when the economy slows down, investors rush into Bitcoin as a macro hedge against future uncertainty. When the economy picks up, fiat inflation picks up, and as a result, so does the price of Bitcoin.
“No matter how the economy goes, gold, silver and Bitcoin hold their value,” Kiyosaki said.
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