US Economy In Depression, Bitcoin To Skyrocket: Robert Kiyosaki

According to U.Today, renowned financial expert and Bitcoin investor, Robert Kiyosaki, has expressed his views on the current state of the U.S. economy. Kiyosaki, the author of the classic finance management book 'Rich Dad Poor Dad', stated that the U.S. economy is in a state of depression, defined as an economy experiencing subpar growth. He pointed out that while the economy may be growing, it is doing so below its potential. Kiyosaki highlighted that the economy grew by 3.4% in the last quarter of 2023, but in the first quarter of 2024, it grew by less than half of that, at 1.6%. He believes that there will not be a soft landing for the U.S. economy, but remains optimistic as the economy continues to grow. He also urged his followers to disregard fake news. In response to Kiyosaki's statement, members of various cryptocurrency communities shared their thoughts. Some suggested that the definition of a depression should be revised based on Kiyosaki's explanation, while others criticized the author. A majority of the comments were positive, with many praising Bitcoin and expressing gratitude for Kiyosaki's insights. In addition to his views on the economy, Kiyosaki has also made predictions about Bitcoin. Earlier this year, he stated that he expected Bitcoin to reach $100,000 by September. He cited the Bitcoin halving event, which occurred in April, as a major driver for this anticipated price increase. Kiyosaki also revealed plans to purchase an additional 10 Bitcoins before the halving, in anticipation of a significant price rise.