Robert Kiyosaki Says 'America Is Sick' As National Debt Soars, Advocates Bitcoin As Cure: 'Don't Be SCARED, Be PREPARED'
Portfolio Pulse from Benzinga Neuro
Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has expressed concern over the rising U.S. debt, now at $34 trillion, increasing by $1 trillion every 90 days. He advocates for investing in gold, silver, and Bitcoin (BTC) as a response. Kiyosaki's bullish stance on Bitcoin remains, despite its recent volatility, predicting it could reach $300,000 in 2024. The U.S. debt situation has led to Moody's downgrading its outlook to negative, though the Aaa rating is maintained. Bitcoin recently hit a new all-time high of $69,170.63 but faced a dip due to market volatility.
March 11, 2024 | 10:30 am
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Robert Kiyosaki's endorsement of Bitcoin amidst rising U.S. debt and his prediction of Bitcoin reaching $300,000 in 2024 could influence investor sentiment positively in the short term.
Kiyosaki's influence as a financial guru and his specific call to invest in Bitcoin in response to U.S. debt concerns, coupled with a bold price prediction, could drive positive sentiment among investors. This, along with the recent all-time high, suggests a potential short-term positive impact on Bitcoin's price, despite its inherent volatility.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90