Reserve

2024

Bitcoin

<p>Renowned author and financial educator <a href="https://www.cryptopolitan.com/kiyosaki-advocates-watch-on-bitcoin-halving/" rel="noopener noreferrer nofollow">Robert Kiyosaki</a> has taken to social media to advocate for Bitcoin investments as he expresses concerns about the increasing U.S. national debt.&nbsp;</p>
<p>Kiyosaki, best known for his book “Rich Dad Poor Dad,” recently made headlines when he revealed his purchase of more Bitcoins following the U.S. regulatory approval of a spot-based Bitcoin ETF.</p>
<h2 class="wp-block-heading" id="growing-national-debt-raises-concerns">Growing national debt raises concerns</h2>
<p>Kiyosaki’s call to <a href="https://twitter.com/theRealKiyosaki/status/1746011184690606241" rel="noopener noreferrer nofollow" target="_blank">action</a> comes in response to the alarming increase in the U.S. national debt over the past five months. Since the start of the latest NFL season in early September, the national debt has surged by an astonishing $1 trillion.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Since the start of the latest NFL football season the national debt has gone up another $ trillion. WTF. Please buy more gold, silver, and Bitcoin. Take care. Protect your self from our financially corrupt and incompetent leaders.</p>— Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1746011184690606241?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">January 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In light of this worrisome trend, Kiyosaki tweeted, “Please buy more gold, silver, and Bitcoin.” He has been vocal in his criticism of the Federal Reserve and the U.S. Treasury, expressing his belief that the worst-case scenario of hyperinflation may be imminent, causing the U.S. dollar to depreciate significantly.</p>
<p>Last year, concerns arose as the U.S. government eliminated the “ceiling” on the national debt, allowing it to surpass $31.4 trillion. Since then, the debt has grown rapidly, reaching a staggering $34 trillion.</p>
<h2 class="wp-block-heading" id="kiyosaki-s-bitcoin-acquisition-amidst-inflation-fears">Kiyosaki’s Bitcoin acquisition amidst inflation fears</h2>
<p>Earlier this week, Robert Kiyosaki disclosed his acquisition of an additional five Bitcoins, citing concerns about the looming threat of hyperinflation. His move aligns with the recent approval by the U.S. Securities and Exchange Commission (SEC) of spot Bitcoin exchange-traded funds (ETFs) filed by a dozen Wall Street companies, including BlackRock, Ark Invest, and Grayscale.&nbsp;</p>
<p>Despite the anticipation surrounding these ETFs, they garnered a relatively modest $400 million in total investments on their debut trading day.</p>
<p>As for the price of Bitcoin, it has experienced some fluctuations in recent days. Following analysts’ predictions, Bitcoin retraced from its high above $49,000, registering a 15.15% drop to $41,590.&nbsp;</p>
<p>However, the cryptocurrency subsequently recovered slightly, currently trading at $43,043. Reports suggest that some traders have been selling portions of their Bitcoin holdings to secure profits and raise capital for investing in the newly launched spot-based Bitcoin ETFs.</p>
<p>Bitcoin’s status as a potential hedge against inflation has been debated among financial experts. Some argue that Bitcoin’s limited supply and decentralized nature make it an attractive option during economic uncertainty and currency devaluation. Others remain skeptical, citing the cryptocurrency’s volatility and speculative nature as drawbacks.</p>

Robert Kiyosaki urges community to invest in Bitcoin amidst rising U.S. national debt

Table of Contents

Cryptopolitan_News

Other articles published on Jan 13, 2024

Bitcoin: A Superior Luxury Investment? Gala and InQubeta on the Verge of Major Surge

Will the SEC Approve a Spot Ethereum ETF?

How To Identify New Cryptocurrencies For Investment In 2024?

Shiba Inu’s Burning Mechanism Sparks Investor Interest Amid Price Fluctuations

Global Concerns: AI-Generated Misinformation and Cyberattacks Take Center Stage

U.S. Regulators Approve Anticipated Spot Bitcoin ETF: Ethereum Next?

Join our free newsletter for daily crypto updates!