Robert Kiyosaki Urges Investors to Stock on Bitcoin as US Economy Stabilizes a Little – Coinpedia Fintech News

  • Robert Kiyosaki advocates for Bitcoin amid stable US economy.

  • The removal of the debt ceiling in the US leads to an unexpected upswing in the stock market.

  • Bitcoin maintains a steady value range of $29,000 to $31,000 despite market volatility.

Renowned financial guru Robert Kiyosaki, known for his best-selling book “Rich Dad, Poor Dad,” has once again caught the attention of investors with a recent Twitter post discussing Bitcoin. Formerly a prominent finance educator, Kiyosaki now encourages investors to keep a close eye on Bitcoin, even amidst a period of relative stability in the American economy.

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Often looked up to, the crypto community pays heed to his investment advice. Here’s what he has to say this time.

Rising Stocks, Rising Debt

In a surprising turn of events, the stock market has experienced an unexpected upswing, and Kiyosaki attributes this trend to the elimination of the debt ceiling. The debt ceiling is a limit set by Congress on the amount that the US government can borrow, and it has recently become a contentious issue.

Congress decided to completely suspend the ceiling until 2025 after failing to agree on a new limit. This suspension could see the national debt rise hand-in-hand with the stock market. Kiyosaki made it clear that he would stick to “real money and real assets: Gold, Silver, Bitcoin.”

“The wealthy become wealthier while America becomes poorer. Sad.”

Last month, Congress approved an agreement to raise the government’s borrowing limit, successfully averting a potentially catastrophic default on US debt repayments. Currently standing at an astonishing $31.4 trillion, the debt ceiling has been a subject of intense debate. In recent years, the difficulty of reaching consensus on raising or suspending the ceiling has only heightened.

Related: BTC Price is 100% Up This Year – Robert Kiyosaki Betting On Bitcoin Extended Rally

Bitcoin Stands Strong Amid the Chaos

Shifting gears to Bitcoin, its current value rests at $30,334. Despite the bullish momentum influenced by the SEC versus Ripple lawsuit, Bitcoin has maintained a steady range between $29,000 and $31,000.

Given its characteristic price fluctuations during the weekend and decreased trading volume, Bitcoin has the potential to surpass the $30,500 threshold if influential investors choose to buy during this period. In fact, it could even approach the $32,000 mark. Conversely, if investors opt to sell, Bitcoin may dip below the crucial $30,000 level, risking a potential decline into the $28,000 range.

Read More: Robert Kiyosaki, Author of ‘Rich Dad Poor Dad,’ Predicts Bitcoin to Reach 6-Figure Price Target

Attention, Bitcoin Holders!

For Bitcoin bulls, it is crucial to safeguard the digital currency’s value above the $30,000 level. Kiyosaki’s endorsement of Bitcoin comes at a pivotal moment, aligning with market uncertainties and the imminent volatile weekend.

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