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Sunday, February 25, 2024
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    bitcoin
    Bitcoin (BTC) $ 51,607.83
    ethereum
    Ethereum (ETH) $ 3,034.18
    tether
    Tether (USDT) $ 1.00
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    BNB (BNB) $ 385.22
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    USDC (USDC) $ 1.00
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    XRP (XRP) $ 0.544136
    binance-usd
    BUSD (BUSD) $ 1.00
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    Cardano (ADA) $ 0.587643
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    ‘Wealthy Dad Poor Dad’ Creator Sees Main Inflation Coming, Says Bitcoin Is Protected Haven

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    Vocal Bitcoin advocate Robert Kiyosaki, podcast host and investor well-known for his traditional e-book on managing private funds “Wealthy Dad Poor Dad,” has taken to the X social media app to share his impressions on rising inflation within the U.S.

    He stated he’s shocked at how shortly and the way excessive the costs are rising as inflation has struck. He feels secure since he has loads of cash to assist himself and his enterprise, and he says he feels for individuals who don’t and due to this fact who can’t afford to comply with his suggestion to purchase Bitcoin.

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    Kiyosaki endorses Bitcoin as inflation unrolls

    The writer of the “Wealthy Dad Poor Dad” e-book stated that, to him, the tempo at which inflation is unrolling is nothing however surprising. He says he feels for these individuals who have issue paying for meals, hire and gas now and who can’t put money into Bitcoin, gold and silver on his suggestion both.

    He blames the U.S. authorities, Federal Reserve and Treasury for the present state of affairs with the financial system. Over the previous few years, Kiyosaki has been always critiquing the Fed for printing trillions of U.S. {dollars}, calling them pretend cash and referring to Bitcoin because the “Individuals’s cash” (BTC can’t be printed like USD since its mysterious creator, Satoshi Nakamoto, programmed solely 21 million BTC to be minted ceaselessly).

    This yr, the monetary guru additionally started criticizing monetary authorities for the rise of the U.S. nationwide debt, which occurred at a placing tempo. In June, the U.S. president eliminated the “ceiling” for the U.S. debt, which already surpassed the $31 trillion mark and “let it go.” Following this, the U.S. borrowed one other $1.5 trillion and deliberate so as to add one other trillion U.S. {dollars} to that quantity.

    See also  Trezor lowers value of the primary {hardware} pockets in historical past

    Hyperinflation seemingly, Kiyosaki believes

    In his current tweets, Kiyosaki recalled the inflation in Germany that occurred 100 years in the past and the way it all ended dramatically for the entire world. He additionally urged the neighborhood to have a look at hyperinflation in Zimbabwe and put together for the same factor to strike the US since he believes the nation’s leaders to not be competent in working the financial system.

    As for the present U.S. inflation, the official prediction firstly of the yr was that it might fall to three.7% after peaking at 6.2% final yr. In October 2023, the inflation charge slowed down to three.3% from the three.7% that the nation noticed each in August and September.

    No matter occurs and nonetheless dangerous the state of affairs will get, Kiyosaki believes that Bitcoin, gold and silver stay the very best belongings to put money into. On the time of writing this text, the world’s flagship cryptocurrency, Bitcoin, is altering arms at $37,490.

    After one other scheduled Bitcoin halving happens in April-Could subsequent yr, many specialists anticipate BTC to surge. Some suppose the rise will represent a minimum of 6x, that’s, BTC might attain $220,000, per their forecasts.

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