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Kiyosaki Warns of the Threat to the US Economy and Reiterates Support for Bitcoin

  • Kiyosaki, in a recent tweet, reiterated his support for gold, silver, and Bitcoin (BTC), emphasizing that the stock market only rose because U.S. President Joe Biden “raised the debt ceiling.”
  • The famous investor referred to an article published on July 27 titled “U.S. Economic Growth Accelerates Against Expectations of Slowdown.”
  • Kiyosaki also expressed the view that the current government does not serve the interests of the people, referring to the Federal Reserve (FED) and other parts of the government as the “Adams family” and “cartoons that kill the economy.”

Writer and investor Robert Kiyosaki targeted and harshly criticized the Wall Street Journal’s article about the US economy.

Kiyosaki Targets WSJ’s Article

Bitcoin-BTC

Robert Kiyosaki, the author and investor of the best-selling personal finance book “Rich Dad Poor Dad,” targeted and criticized the article published by the American daily newspaper Wall Street Journal (WSJ) that claimed the strength of the U.S. economy.

Kiyosaki called the authors of the article “crazy” and said, “America is bankrupt.” He highlighted that the stock market only rose because U.S. President Joe Biden “raised the debt ceiling,” and reiterated his support for gold, silver, and Bitcoin (BTC) in a tweet.

The article that the famous investor referred to is titled “U.S. Economic Growth Accelerates Against Expectations of Slowdown,” published on July 27. The authors argue that the U.S. economy grew by 2.4% in the second quarter of 2023 and claim that the U.S. has “avoided entering a recession.” WSJ states:

“Robust growth, coupled with inflation coming off historic highs and a strong labor market, adds to the likelihood that inflation will return to the Federal Reserve’s 2% target, signaling a recession-free soft landing.”

WSJ also reports that the economy grew at “a better-than-2% pace last year following a mild contraction in early 2022” and that this growth is “almost in line” with the pace of the pre-pandemic decade.

Kiyosaki: “U.S. economy is in danger”

Meanwhile, the financial educator has long been warning of an impending catastrophe in the U.S. economy, particularly highlighting that BRICS (Brazil, Russia, India, China, and South Africa) and other countries are aligning against the U.S., and the U.S. dollar is losing its dominance as the world’s reserve currency and returning to America.

Previously, Kiyosaki also expressed the view that the current government does not serve the interests of the people and referred to the Federal Reserve (FED) and other parts of the government as the “Adams family” and “cartoons that kill the economy,” stating that the economy has “serious problems.”

As for Bitcoin, he has been advising his followers to invest in this leading decentralized finance (DeFi) asset and predicts that it will reach $120,000 in 2024 because the “U.S. dollar is dying,” and “trillions of U.S. dollars” will flow into America. This information was reported by COINOTAG on July 11.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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