Leading Bitcoin investor and author of the classic “Rich Dad Poor Dad,” entrepreneur Robert Kiyosaki, shared his views on the current state of the US economy from X. Kiyosaki emphasized that he does not expect a soft landing for the American economy. Interestingly, the crypto community reacted to these words.
American Economy in Depression
Famous finance expert Kiyosaki tweeted his belief that the US economy is currently in a depression. He then defined depression as “an economy showing below-average growth.”
This statement implies that the US economy may still be growing, albeit below its true potential. Kiyosaki reminded his readers on X that the economy grew by 3.4% in the last quarter of the previous year. In the first quarter of this year, however, the American economy grew by less than half that rate, at 1.6%.
Kiyosaki believes there will not be a soft landing for the US economy. Yet, he seems to remain optimistic as the economy continues to grow regardless of circumstances. He also urged his readers not to believe in fake news. According to previous tweets, the finance expert has made and continues to make significant financial investments in the world’s leading cryptocurrency, Bitcoin.
Crypto Community Responds to Kiyosaki’s Statement
Members of various crypto communities responded to Kiyosaki’s message in the comments. One account themed around XRP suggested that the definition of depression should be adjusted to align with what Kiyosaki stated in his tweet.
Some began to criticize the author, while others reminded him of one of his favorite assets, Bitcoin. The majority left positive comments, praising Bitcoin and thanking Kiyosaki for his useful and inspiring tweets.
Kiyosaki Predicts Bitcoin Will Reach $100,000 This Year
Earlier this year, Kiyosaki stated he expects Bitcoin to soar to $100,000 by September. He noted that one of the most important factors would be the halving of the supply of BTC, the flagship cryptocurrency, which occurred last week.
The “Rich Dad Poor Dad” author also mentioned that he planned to buy ten more Bitcoins before the halving because he expected a significant price increase.
