The well-known proponent of financial education, Robert Kiyosaki, recently announced on Twitter that a massive market meltdown is imminent. Robert thinks that a market depression is also conceivable.
The entrepreneur grounds his claim that the Fed is being obliged to produce enormous amounts of fake money because of the market concerns that have been observed. The belief in the US dollar and its counterfeit money will then be destroyed. The US dollar may be the largest loser due to these and many other uncertainties facing the global economy.
Anticipated economic crises may lower the US dollar value
People with knowledge of the situation say that the anticipated economic crisis might result in a decline in the value of the US dollar, which would subsequently impact the prices of Bitcoin and other cryptocurrencies.
The value of the enormous assets that could be subject to severe volatility in the next two years is another area in which Robert makes a forecast. He predicted that gold, presently worth $1,875, would rise to $5,000 and silver, currently about $21.970, would soar to $500.
Bitcoin, the largest cryptocurrency, would surge to $500,000
On the other hand, Bitcoin, the largest cryptocurrency, would surge to $500,000, according to Robert Kiyosaki. It is crucial to note that Bitcoin is exchanging hands at $21,830 at press time according to the cryptocurrency prices tracking platform Trading View. According to Kiyosaki, this would also result from losing faith in the US dollar and fake money.
Robert adds,
“Gold & Silver Gods money. Bitcoin people’s $. Take care.”
In related news, a new study suggests that Bitcoin, the cryptocurrency with the largest market value, may already be in the transition stage.
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