Bitcoin price is over $69,000 at the time of writing and may reach new highs by the time this article is published. The appetite for risk in cryptocurrencies remains strong, and investors are very hopeful for even greater peaks weeks before the halving. A world-famous economic writer made an important announcement just hours ago.
Gold, Silver, and Bitcoin
All three have been rising for months and are racing to new highs. Like Bitcoin, Gold also reached its all-time high this month. The Fed’s interest rate cuts are expected to start in mid-2024, and if we don’t see a big surprise in inflation, we will witness a reversal of tight monetary policy. The excitement in risk markets and peaks in the stock market are fundamentally due to this.
The world-famous author Robert Kiyosaki frequently recommends Bitcoin, Gold, and Silver, which he describes as “real money,” to his readers. The unlimited supply of fiat currencies and the shaken reputation of the dollar along with external debt were on the famous author’s agenda.
Kiyosaki addressed hundreds of thousands of investors a few hours ago;
“DON’T BE AFRAID: BE PREPARED: The U.S. debt is $34 trillion. Debt increases by $1 trillion every 90 days. America is sick. Get ready now. Buy more gold, silver, Bitcoin.
Please be careful.”
Real Money and Bitcoin
Gold and Silver have always been used as assets with limited supply. Kiyosaki refers to them as “God’s money.” The dollar can be printed more with each increase in external debt and has been deriving its strength from America’s political and military authority for years. Although a few experts suggest that the dollar will become obsolete with endless external debts, it may still be too early to make such a claim.
What’s important here is the potential for assets like Gold and Silver, which truly have a limited supply and cannot be printed, to significantly increase in value in the future due to high fiat currency supply inflation. Kiyosaki believes that those who invest in “real money” including Bitcoin in the long term will not regret it.
Of course, it’s not possible to predict the future, and it’s a bold prediction to say today that the U.S. dollar will disappear, but it’s not impossible.
