The best bet in a Boom or Bust Economy is Bitcoin.



The economy is moving along nicely, with real GDP growing in the third quarter in the second quarter of 2024.

That's according to data from the US Bureau of Economic Analysis.

Kiyosaki warned on Sunday, however, that the economy could slip into a depression next year. “A global recession has begun. Europe, China. America is going downhill. Depression ahead?” In a post on X, he wrote, “Please be smarter with your money. Protect your job and your money.

And by money, the “Rich Dad, Poor Dad” author means bitcoin and gold. He is not alone in fearing a future economic crisis. Despite strong GDP numbers this year, some analysts fear Trump's aggressive trade policies could slow growth and lead to a recession.

Peter Berezin, chief global strategist at BCA Research, warned in November that Trump's proposed tariffs would shrink the economy by 75%.

Binance

Kiyosaki promoted Bitcoin for economic efficiency

Kiyosaki says all hope is not lost in a bad economy. “For a lot of people, the best times to be prosperous are crashes,” he said. “I plan to be rich. I want you to be richer and smarter too. Be careful.”

Earlier this month, the financial writer suggested that the price of Bitcoin could fall to $60,000 from its current level of around $100,000.

Fundstrat's Tom Lee is also worried about the big returns coming from these highs. But Kiyosaki said he won't sell because he expects the cryptocurrency to reach $250,000 by 2025.

“At this stage of the BTC process… price doesn't matter how much BTC you get,” he said.

By 2025, the rising fiat could destroy the dollar.

Despite some recessionary warnings, most economists expect business to grow in 2025. Thorsten Slock, chief economist at Apollo Global Management, projects a 0% recession for the US by 2025.

Either way, Bitcoin can be your most important savings vehicle. According to Kiyosaki, BTC will hold its value regardless of whether the economy is growing or shrinking. This is because when the economy slows, investors rush into Bitcoin as a macro hedge against future uncertainty. As the economy grows, fiat inflation rises, and so does the value of Bitcoin.

“No matter which way the economy goes, gold, silver and bitcoin will hold their value,” Kiyosaki said.

Special Offer (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive a $600 exclusive welcome bonus at Binance (full details).

Limited Offer for CryptoPotato Readers at Bybit: Use this link to register and unlock a $500 free position with any coin.

Pin It on Pinterest