{"id":574259,"date":"2024-02-09T23:00:36","date_gmt":"2024-02-09T23:00:36","guid":{"rendered":"https:\/\/wncen.com\/?p=574259"},"modified":"2024-06-11T08:34:25","modified_gmt":"2024-06-11T08:34:25","slug":"finance-expert-bitcoin-parachute","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/finance-expert-bitcoin-parachute\/","title":{"rendered":"Finance Expert Drops Grim Prediction For US Economy, Says Bitcoin Is The \u2018Parachute\u2019"},"content":{"rendered":"

The United States economy and where it might be headed has been a hot topic of debate among finance experts, with some recommending Bitcoin as a safe haven. One of those who has continued to tout BTC<\/a> as the answer is renowned finance author Robert Kiyosaki, who has made a gloomy prediction for the US economy.<\/p>\n

The Economy Is Coming Down<\/h2>\n

In a post<\/a> made on X (formerly Twitter), Robert Kiyosaki, who is widely known for his best-selling finance book titled \u2018Rich Dad Poor Dad\u2019, warned investors of an impending crash. According to Kiyosaki, a lot of investors would end up losing their money as they do not know what to do with it.<\/p>\n

Related Reading: Dogecoin Adoption Explodes In Stunning Move, Can DOGE Chart A Path To $0.2?<\/a><\/div>\n

He compared the current situation to flight students in the US Navy being taught how to fly and also how to crash. However, it seems that there is no easy option for investors going forward, as he calls for a \u201cbail out.\u201d<\/p>\n

The finance expert warns that banks as well as the US economy<\/a> will crash, and \u201cWe are not going in for a soft landing.\u201d In light of this, he steers investors toward other forms of wealth preservation, which are Gold, Silver, and Bitcoin.<\/p>\n

As much as the finance author expects that the crash will be brutal, he believes that by being in the three assets mentioned above, then investors can have \u201cparachutes for your personal soft landing.\u201d<\/p>\n

\"Bitcoin<\/p>\n

BTC bulls clear $47,000 resistance | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Strong Advocate For Bitcoin<\/h2>\n
Kiyosaki is not new to pushing Bitcoin as an alternative to traditional cash and investment vehicles. Over the last year, the finance expert has warned that the US economy is headed for doom and as always, pushes the likes of Gold, Silver, and Bitcoin as an answer to the \u2018inevitable crash.\u2019<\/p>\n
The author has also provided incredibly bullish predictions for the BTC price<\/a> going forward, which he expects to rise more than 300% from here. According to Kiyosaki, Bitcoin will rise as high as $150,000 post-Spot Bitcoin ETFs approval, and with the price<\/a> inching toward $50,000 already, it seems Kiyosaki\u2019s prediction may end up playing out.<\/p>\n
Related Reading: Here\u2019s Why A Bitcoin Bull Run In 2024 Is Inevitable<\/a><\/div>\n
Kiyosaki has also presented Bitcoin as a safe haven at a time when there is widespread political discontent. He has also publicly declared his dislike for the current President, Joe Biden, who he believes is weak and a terrible president.<\/p>\n
In order to fight back, the finance author suggests<\/a> that investors move their assets into Gold, Silver, and Bitcoin which cannot easily be controlled by the government. He also believes BTC<\/a> is the \u201cbest protection\u201d against hyperinflation, which he expects to happen soon.<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Dall.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The United States economy and where it might be headed has been a hot topic of debate among finance experts, with some recommending Bitcoin as a safe haven. One of those who has continued to tout BTC as the answer is renowned finance author Robert Kiyosaki, who has made a gloomy prediction for the US economy. The Economy Is Coming Down In a post made on X (formerly Twitter), Robert Kiyosaki, who is widely known for his best-selling finance book titled \u2018Rich Dad Poor Dad\u2019, warned investors of an impending crash. According to Kiyosaki, a lot of investors would end up losing their money as they do not know what to do with it. Related Reading: Dogecoin Adoption Explodes In Stunning Move, Can DOGE Chart A Path To $0.2? He compared the current situation to flight students in the US Navy being taught how to fly and also how to crash. However, it seems that there is no easy option for investors going forward, as he calls for a \u201cbail out.\u201d The finance expert warns that banks as well as the US economy will crash, and \u201cWe are not going in for a soft landing.\u201d In light of this, he steers investors toward other forms of wealth preservation, which are Gold, Silver, and Bitcoin. As much as the finance author expects that the crash will be brutal, he believes that by being in the three assets mentioned above, then investors can have \u201cparachutes for your personal soft landing.\u201d BTC bulls clear $47,000 resistance | Source: BTCUSD on Tradingview.com Strong Advocate For Bitcoin Kiyosaki is not new to pushing Bitcoin as an alternative to traditional cash and investment vehicles. Over the last year, the finance expert has warned that the US economy is headed for doom and as always, pushes the likes of Gold, Silver, and Bitcoin as an answer to the \u2018inevitable crash.\u2019 The author has also provided incredibly bullish predictions for the BTC price going forward, which he expects to rise more than 300% from here. According to Kiyosaki, Bitcoin will rise as high as $150,000 post-Spot Bitcoin ETFs approval, and with the price inching toward $50,000 already, it seems Kiyosaki\u2019s prediction may end up playing out. Related Reading: Here\u2019s Why A Bitcoin Bull Run In 2024 Is Inevitable Kiyosaki has also presented Bitcoin as a safe haven at a time when there is widespread political discontent. He has also publicly declared his dislike for the current President, Joe Biden, who he believes is weak and a terrible president. In order to fight back, the finance author suggests that investors move their assets into Gold, Silver, and Bitcoin which cannot easily be controlled by the government. He also believes BTC is the \u201cbest protection\u201d against hyperinflation, which he expects to happen soon. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Dall.E, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":574262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,6848,1119,89185,1144,78790],"class_list":["post-574259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nFinance Expert Drops Grim Prediction For US Economy, Says Bitcoin Is The \u2018Parachute\u2019<\/title>\n<meta name=\"description\" content=\"The United States\u2019 economy and where it might be headed has been a hot topic, 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Finance Expert Drops Grim Prediction For US Economy, Says Bitcoin Is The \u2018Parachute\u2019","url":"http:\/\/wncen.com\/news\/finance-expert-bitcoin-parachute\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/finance-expert-bitcoin-parachute\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/DALL\u00b7E-2024-02-09-13.57.00-An-image-depicting-a-Bitcoin-coin-adorned-with-a-cartoonish-face-wearing-a-large-parachute.-The-Bitcoin-is-in-mid-air-suggesting-it-has-just-jumped-Small.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/DALL\u00b7E-2024-02-09-13.57.00-An-image-depicting-a-Bitcoin-coin-adorned-with-a-cartoonish-face-wearing-a-large-parachute.-The-Bitcoin-is-in-mid-air-suggesting-it-has-just-jumped-Small.jpeg?fit=320%2C320"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin price prediction","btc","btc news","btcusd","btcusdt"],"dateCreated":"2024-02-09T23:00:36Z","datePublished":"2024-02-09T23:00:36Z","dateModified":"2024-06-11T08:34:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Finance Expert Drops Grim Prediction For US Economy, Says Bitcoin Is The \\u2018Parachute\\u2019\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/finance-expert-bitcoin-parachute\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/finance-expert-bitcoin-parachute\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/DALL\\u00b7E-2024-02-09-13.57.00-An-image-depicting-a-Bitcoin-coin-adorned-with-a-cartoonish-face-wearing-a-large-parachute.-The-Bitcoin-is-in-mid-air-suggesting-it-has-just-jumped-Small.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/DALL\\u00b7E-2024-02-09-13.57.00-An-image-depicting-a-Bitcoin-coin-adorned-with-a-cartoonish-face-wearing-a-large-parachute.-The-Bitcoin-is-in-mid-air-suggesting-it-has-just-jumped-Small.jpeg?fit=320%2C320\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price prediction\",\"btc\",\"btc news\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-02-09T23:00:36Z\",\"datePublished\":\"2024-02-09T23:00:36Z\",\"dateModified\":\"2024-06-11T08:34:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/DALL\u00b7E-2024-02-09-13.57.00-An-image-depicting-a-Bitcoin-coin-adorned-with-a-cartoonish-face-wearing-a-large-parachute.-The-Bitcoin-is-in-mid-air-suggesting-it-has-just-jumped-Small.jpeg?fit=320%2C320","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/574259"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=574259"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/574259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/574262"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=574259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=574259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=574259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}