Bitcoin

Amid growing fears, <a href="https://finbold.com/guide/who-is-robert-kiyosaki/" rel="noopener noreferrer nofollow">Robert Kiyosaki</a> has repeated his warnings about a possible massive <a href="https://finbold.com/guide/recession/" rel="noopener noreferrer nofollow">recession</a> looming in the United States, as well as rising corruption, while urging his followers to <a href="https://finbold.com/guide/how-to-invest-in-gold-uk/" rel="noopener noreferrer nofollow">invest in gold</a>, silver, and Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) as the optimum insurance policy against these problems.Specifically, the author of the best-selling <a href="https://finbold.com/guide/investment-books/" rel="noopener noreferrer nofollow">personal finance book</a>‘Rich Dad, Poor Dad’ believes that the country is in for a ‘crash landing’ amid high corruption and incompetence, hailing the above assets as the best hedge against it, as he explained in a <a href="https://twitter.com/theRealKiyosaki/status/1659309445766324224" rel="noopener noreferrer nofollow">tweet</a> shared on May 18.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/852507fd10a94dc5a5dab42f72a6b0bd.PNG"><h2 id="header-0">Numerous warnings</h2>Indeed, Kiyosaki had previously slammed the US government, as well as the United States dollar, calling it “<a href="https://finbold.com/rich-dad-r-kiyosaki-projects-the-downfall-of-us-dollar-labels-it-toilet-paper/" rel="noopener noreferrer nofollow">toilet paper</a>” and “<a href="https://finbold.com/robert-kiyosaki-urges-buying-bitcoin-as-more-fake-money-to-invade-sick-economy/" rel="noopener noreferrer nofollow">fake money</a>” that would come back as a <a href="https://finbold.com/robert-kiyosaki-warns-us-dollar-will-return-as-a-tidal-wave-of-toilet-paper-on-america/" rel="noopener noreferrer nofollow">tidal wave</a> and <a href="https://finbold.com/rich-dad-r-kiyosaki-sounds-the-alarm-an-economic-tsunami-is-coming/" rel="noopener noreferrer nofollow">economic tsunami</a> upon America and contribute to the <a href="https://finbold.com/r-kiyosaki-says-fake-dollar-is-pushing-the-american-empire-to-its-end/" rel="noopener noreferrer nofollow">end of the American Empire</a>, as it loses its role as the world’s reserve money.On top of that, he has long been warning about the <a href="https://finbold.com/robert-kiyosaki-says-inflation-is-going-through-the-roof-and-will-have-deadly-consequences/" rel="noopener noreferrer nofollow">devastating effects</a> of rising <a href="https://finbold.com/r-kiyosaki-warns-u-s-inflation-is-now-systemic/" rel="noopener noreferrer nofollow">systemic inflation</a>, increasing oil costs, and the government’s push toward greener energy policies on the American middle class, which he believes could potentially disappear, advocating for <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, gold, and <a href="https://finbold.com/guide/buy-silver-with-wise/" rel="noopener noreferrer nofollow">silver</a> as a cushion against the economic downturn.<h2 id="header-1">Bitcoin price analysis</h2>Meanwhile, the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset was at press time changing hands at the price of $26,877, representing a 1.77% decline in the last 24 hours but a 2.10% gain in the previous seven days, as per the latest data retrieved on May 19.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5341297405284bea8d1de5d95fbffaad.png">Bitcoin 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">Finbold</a>Earlier, <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> reported on Bitcoin’s failure to surpass the critical <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a> level at $28,000, which some analysts believe is the <a href="https://finbold.com/this-is-why-bitcoin-is-stuck-below-28k-resistance/" rel="noopener noreferrer nofollow">consequence</a> of profit-taking by <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> who had purchased the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> at the price of $28,600.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source=CMC&amp;utm_medium=social&amp;utm_campaign=CMC&amp;utm_content=long" rel="noopener noreferrer nofollow">Finbold.com</a>

‘Rich Dad’ R. Kiyosaki urges to buy Bitcoin as ‘insurance against corruption’

Table of Contents

Finbold

Other articles published on May 22, 2023

Bitcoin Price Analysis: 26523 Technical Support - 23 May 2023

3 Top Decentralized Exchanges on Kadena

Weekly Roundup

Malaysian Regulator Orders Huobi to Halt its ‘Illegal’ Operations in the Country (Report)

Unleashing the AI-Crypto Revolution: Pioneering a New Era of Intelligent Digital Assets…But What ...

Bitcoin Pizza Day: The Mouthwatering Legacy of a $600M Meal

Join our free newsletter for daily crypto updates!