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Cryptocurrency News Articles
Robert Kiyosaki Continues to Support Bitcoin as a Hedge Against Economic Unpredictability
Jul 11, 2024 at 04:04 am
Robert Kiyosaki, famous for writing Rich Dad Poor Dad, continues to support Bitcoin as a hedge against economic unpredictability.
Robert Kiyosaki, renowned for his book Rich Dad Poor Dad, maintains his support for Bitcoin as a hedge against economic volatility. Recently, he urged his followers to acquire Bitcoin, gold, and silver to navigate an impending economic downturn.
In a recent Tweet on X, Kiyosaki stated, “BAD HAND Coming: In my previous tweet I stated success comes to those who know how to thrive when dealt a bad hand. The bad hand is being dealt now. Millions will lose. Please don’t be one of the losers.”
Emphasizing the worsening economic climate, Kiyosaki highlighted the importance of playing one's cards right to succeed. He maintained that those who fail to adapt will face significant losses.
Emphasizing the worsening economic climate, Kiyosaki highlighted the importance of playing one's cards right to succeed. He maintained that those who fail to adapt will face significant losses.
To counter a bad hand, Kiyosaki recommended purchasing Bitcoin, gold, and silver, suggesting that these assets could potentially transform a weak hand into a strong one. While Bitcoin has faced criticism, precious metals, such as gold and silver, have been used for centuries to store value.
Among Bitcoin proponents, the cryptocurrency is viewed as a valuable store of wealth, akin to gold. They maintain that it offers a secure way to store money for the long term, a concept that is gaining traction. This is due to the impressive rise in Bitcoin's value over the past decade, reaching a peak of $73,000.
However, unlike gold, which derives its value from its physical properties, Bitcoin's worth is determined by its limited supply and secure digital system. This digital nature makes it easier to store and transfer compared to gold. Despite the uncertainty surrounding Bitcoin's future as a safe investment, its rapid appreciation and unique characteristics continue to attract investors.
This year, digital assets prices have risen due to the entry of traditional investors into the market. This is because the introduction of Bitcoin ETFs has sparked interest in other products.
Following the Securities and Exchange Commission's (SEC) approval of Bitcoin ETFs in January, the market experienced massive inflows. As a result, the asset reached new all-time highs, with attention shifting to Solana ETFs and Ethereum. During the German Bitcoin sales last week, the asset hit record lows.
However, by midweek trade, the mood had changed, with cryptocurrencies rising. Also Read: Robert Kiyosaki Calls Bitcoin and Lithium High-Risk Investments
Disclaimer:info@kdj.com
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