Financial Markets on Brink: Expert Warns of Imminent Crash and Potential Consequences
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“BUBBLES Are About to Start BUSTING”: Robert Kiyosaki Predicts Crash Across All Markets
As the crypto market continues its upward trend, with Bitcoin’s price reaching new highs above $118,000 and altcoins experiencing significant monthly gains, a prominent figure in the financial world is warning of an impending crash. Renowned author and investor Robert Kiyosaki has taken to social media to predict that all markets will be impacted by a catastrophic bubble burst.
Kiyosaki, best known for his self-help book “Rich Dad Poor Dad,” made a chilling tweet stating, “BUBBLES Are About to Start BUSTING. When bubbles bust, odds are gold, silver, and Bitcoin will bust too.” While he has expressed enthusiasm for the long-term potential of these assets in the past, Kiyosaki is now advocating for caution, suggesting that investors should not get caught up in the current rally.
The warning comes as the US national debt surpasses $34.9 trillion, with interest payments becoming a significant expense. The ballooning debt could amplify the impact of any market correction, creating a perfect storm for financial instability.
In his tweet, Kiyosaki also highlighted that even Bitcoin, often seen as a hedge against inflation, may not be immune to a sharp correction. However, he believes that a crash would provide an opportunity for investors to accumulate these assets at lower prices, potentially setting the stage for a strong recovery in the long run.
Marcus Corvinus, a crypto analyst, has also weighed in on the current market conditions, stating that Bitcoin is stuck in a triangle pattern and could be about to break out or breakdown. According to Corvinus, if Bitcoin stays above $116K support, it may surge to $125K, but if support fails, it might plummet to $111K.
This development has sparked debate among investors, with some calling for caution while others continue to ride the wave of optimism. As always, time will tell which side is correct.
Source: coinpedia.org
