The crypto market is facing intense turbulence as Bitcoin and altcoins slide under heavy selling pressure. In just 24 hours, nearly $1 billion in liquidations have shaken investor confidence, forcing many to exit their positions. The decline is fueled by economic concerns, including rising inflation and regulatory uncertainty.
Bitcoin’s latest drop followed the release of U.S. inflation data, showing a 3% year-over-year increase in the Consumer Price Index (CPI) for January. This pushed Bitcoin to retest the $94,200 support level, deepening fear in the market
The turmoil isn’t limited to crypto – global financial markets are also on edge. China’s rapid advancements in artificial intelligence are disrupting the tech sector, adding another layer of uncertainty. Some analysts believe these events could signal an even bigger financial crisis.
One expert, however, is convinced a major market crash is coming – and he has a strategy to prepare for it.
Financial expert and Rich Dad Poor Dad author Robert Kiyosaki
According to Kiyosaki, the next U.S. president plans to cut 65,000 jobs, while major oil companies are already downsizing due to slowing economic growth. Car manufacturers like Nissan in Japan and Volkswagen in Germany are also laying off workers at an alarming rate.
Recession or Worse? Kiyosaki’s Grim Outlook
Kiyosaki believes the economy is in far worse shape than officials admit. Despite government claims of a “soft landing,” he warns that a deep recession – or even a depression – could be ahead. He also predicts that this crash will be more severe than previous ones, with a longer recovery period and greater financial pain.
While Kiyosaki is bearish on the economy, he remains confident in Bitcoin and gold as the best assets to protect wealth. He recently increased his holdings, stating that these assets are “smarter and safer” than keeping cash.
A longtime critic of U.S. monetary policy, Kiyosaki has called the dollar “fake,” blaming excessive money printing since 2020 for fueling inflation and weakening the financial system.
Despite the grim outlook, Kiyosaki believes the crisis could be an opportunity for those who prepare wisely. He sees Bitcoin, gold, and silver as the only real assets in an unstable economy. If Bitcoin crashes further, he plans to buy more at lower prices, doubling down on his belief that hard assets are the best defense against economic collapse.
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