"Kiyosaki is really loud, but I don't know whether to believe it or not."
Against the view that the world's largest economy is strong, the author of the famous book "Rich Dad, Poor Dad" is reported to truly believe that the United States (US) has been destroyed immediately after the country's debt continues to rise.
Recently in his Twitter account, Kiyosaki called the Wall Street Journal (WSJ) media agency slow after they failed to interpret whether the stock market was positive due to President Joe Biden raising the US debt ceiling or not.
Kiyosaki's comments were made after the WSJ claimed that the US had avoided recession due to several factors such as economic growth of 2.4% in the second quarter and a similar increase in Gross Domestic Product (GDP).
This is because Kiyosaki thinks otherwise, where he believes the stock market has successfully seen a rise following the elimination of the US debt ceiling.
In June 2023, Biden signed a bill that suspended the US government debt ceiling of $31.4 trillion until January 2025, therefore the US stock market index such as the S&P 500, Dow Jones and Nasdaq recorded significant gains further causing the economy to be stronger.
Therefore, Kiyosaki said that the national debt is increasing in line with the financial market and this means that the WSJ's claim that the US economy is strong is wrong because the country is now in a state of disrepair.
There is no denying that the US economy is in decline, but Kiyosaki remains a strong supporter of Bitcoin (BTC), gold and silver following his frequent insistence that they are real assets and money.
In addition to believing that the US dollar will 'die' while cryptocurrencies and precious metals will thrive, he as a staunch supporter of BTC also predicts that its price will reach $120,000 in 2024 and $500,000 by 2025.
