John Deo

Robert Kiyosaki Warns of Financial System Collapse, Endorses Bitcoin Over ETFs

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    Posted by John Deo Mar 2 - Filed in General - #financialmodelingprep  - 21 views

    Kiyosaki’s Take: The ‘Real’ Scam is the U.S. Dollar

    \ud83d\udccc Key Points:

    • Robert Kiyosaki, author of Rich Dad Poor Dad, predicts a global financial system collapse.
    • He criticizes the U.S. banking system, calling it a "criminal enterprise" led by the Federal Reserve.
    • Kiyosaki refers to major bank bailouts in 2023, arguing that bank executives should have faced legal consequences.
    • He warns that the current monetary system cannot last much longer.

    Investors concerned about systemic risks can track key financial ratios using the Ratios (TTM) API to analyze banks' financial health and stability.

    Bitcoin vs. Bitcoin ETFs: Kiyosaki’s Stance

    \ud83d\udccc Key Takeaways:

    • Bitcoin is a hedge against financial collapse, according to Kiyosaki.
    • He rejects Bitcoin ETFs, insisting that only "real" Bitcoin is worth buying.
    • While he acknowledges that some consider Bitcoin a scam, he claims that the bigger scam is the U.S. dollar and banking system.

    Investors interested in crypto market trends can utilize the Crypto Currency Free API to track real-time Bitcoin prices and market capitalization.

    Market Implications: What to Watch Next?

    \ud83d\udd39 Institutional Bitcoin Adoption: Despite Kiyosaki’s skepticism of ETFs, their growth suggests rising mainstream acceptance.
    \ud83d\udd39 Banking System Stability: Continued scrutiny of central banks and monetary policy may fuel demand for alternative assets like Bitcoin and gold.
    \ud83d\udd39 Regulatory Risks: U.S. policymakers could tighten cryptocurrency regulations, impacting Bitcoin’s price and adoption.

    Kiyosaki’s predictions align with the broader debate on fiat currency stability, with Bitcoin continuing to be viewed as both a hedge and a speculative asset.