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Robert Kiyosaki named the main cause of the plummet of the bitcoin
American entrepreneur Robert Kiyosaki explained his vision of the recent bitcoin plummet below 80,000.00$BTC.
He thinks the reason is not the plummet of the main cryptocurrency, but the general financial instability in the world. Despite the exchange rate of $BTC falling below $80,000.00, Kiyosaki does not change his position and continues to buy #BTC.
According to the entrepreneur, the main threat to the American financial system lies in the enormous public debt, which, along with social programs and commitments, exceeds 230 trillion dollars. If countries like Japan and China stop buying American bonds, inflation will soar, which could lead to the plummet of the dollar.
Kiyosaki directly accuses the American financial system of the crisis, calling banks "criminals" and US bonds a "joke". He considers bitcoin to be "honest money", so he takes advantage of every price drop to increase his reserves of BTC, gold, and silver.
Previously, Kiyosaki had already warned of an imminent global economic crisis, which, according to him, will inevitably hit all markets, including bitcoin. However, he is convinced that the first cryptocurrency will recover more quickly than other assets, which is why he remains its supporter even in the face of significant price fluctuations.