Renowned author Robert Kiyosaki, best known for his influential book "Rich Dad Poor Dad," has once again voiced his concerns about the state of the American economy. He firmly rejects the notion of a soft economic landing and instead emphasizes the growing likelihood of a crash that could potentially spiral into a full-fledged depression.
In his 2012 book "Rich Dad’s Prophecy," Kiyosaki had issued a cautionary warning about a major market crash. Now, he's indicating that the looming economic downturn might escalate into a severe depression. Kiyosaki reaffirms his long-standing advice to consider investing in assets like gold, silver, and Bitcoin as a hedge during tumultuous economic times. He points to global geopolitical tensions, such as the Israel-Hamas conflict, as a driving force behind considering alternative energy sources, like electric cars, due to concerns about rising oil prices and their adverse impact on the economy.
This updated economic alert from Kiyosaki sheds light on the growing interest in Bitcoin as a safe-haven investment amid rising economic uncertainties. However, it's worth noting that despite this warning, Bitcoin prices have not seen a significant positive trend today, with many investors choosing to cash in on their profits instead.
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