The United States is burdened with high debt, and the federal government’s debt has now reached $34 trillion. Robert Kiyosaki, the author of the popular finance book “Rich Dad, Poor Dad,” recently issued a warning that the United States is sick and reiterated the need to quickly buy gold, silver, and Bitcoin. He also predicted that Bitcoin will reach $300,000 this year.
In recent days, Robert Kiyosaki has continuously warned about the US economy, frequently targeting and criticizing the Federal Reserve. He criticizes the continuous printing of money, which has undermined the country’s financial foundation. He also points out that the rapid growth of US national debt will lead to severe inflation of the US dollar.
On the 10th, Robert Kiyosaki issued another warning. Meanwhile, Bitcoin prices surged past $70,000 last week, reaching a new all-time high. This prompted Robert Kiyosaki to once again advise investors to quickly purchase Bitcoin. He also made a new prediction about Bitcoin’s price.
Previously, in February, Robert Kiyosaki predicted that Bitcoin would rise to $100,000 by June this year. In late February, when asked what would happen if Bitcoin collapsed, he stated that he would be happy once the collapse stopped and he would buy more Bitcoin. He has been bullish on Bitcoin, gold, and silver.
In January, after the US Securities and Exchange Commission (SEC) approved the listing of Bitcoin ETFs, Robert Kiyosaki predicted that the price of Bitcoin would quickly rise to $150,000. He also revealed that he had purchased 5 Bitcoins and advised investors to pay attention to the Bitcoin halving in April.
US debt is soaring. The US federal government’s debt is rapidly growing and has now reached $34.46 trillion. According to CNBC, the US debt increases by about $1 trillion every 100 days. After briefly surpassing $34 trillion on December 29 last year, it permanently exceeded $34 trillion on January 4 this year.
The US debt was still at $32 trillion on June 15, 2023, but it had climbed to $33 trillion by September 15, 2023, indicating accelerated growth. Prior to this, it took about 8 months for the US debt to increase from $31 trillion to $32 trillion.
Due to the high US debt and rising fiscal risks, Moody’s downgraded the US government’s outlook from “stable” to “negative” in November last year. They warned that without effective fiscal policy measures to reduce government spending or increase revenue, the US fiscal deficit will remain significant and significantly weaken debt sustainability.