- Robert Kiyosaki warns of a U.S. banking collapse and urges investors to hold Bitcoin, gold, and silver over bank-controlled ETFs.
- Kiyosaki sees Bitcoin’s volatility as a buying opportunity, arguing that excessive U.S. debt makes fiat currency the real risk.
- Analyst Javon Marks predicts Bitcoin could hit $165K, citing bullish divergences and sustained momentum despite short-term dips.
Despite its volatility, Bitcoin is more honest than the US currency, according to author Robert Kiyosaki on X. He thinks that unmanageable debt and careless financial practices are threatening to bring down the American banking sector. He advises investors to save their capital in tangible gold, silver, and Bitcoin instead of depending on exchange-traded funds (ETFs), which he believes are influenced by banks.
Bitcoin has recently faced a sharp price correction. However, Kiyosaki views this as a buying opportunity rather than a cause for concern. He stresses that Bitcoin’s price action is not the problem; instead, the flawed monetary system and excessive government debt are the real threats to economic stability.
With US debt more than $36 trillion and unfunded liabilities more than $230 trillion, he says dollar collapse is imminent. Therefore, he remains bullish on Bitcoin and sees every downturn as a chance to purchase more.
Technical Analysis: Bitcoin’s Bullish Trajectory
Besides Kiyosaki’s perspective, analyst Javon Marks supports a long-term bullish outlook for Bitcoin. Previous price action has had strong bullish divergences that have broken out. Bitcoin created a bullish divergence in December 2022, driving prices to $67,559. The trend has been sustained since August 2023, confirming hidden bullish signals that provided momentum to the market.
Source: Javon Marks
Moreover, Bitcoin maintained a solid bullish structure throughout 2024. By August, the data suggested a return to all-time highs near $73,700. He forecasts that Bitcoin can reach $165,000 if the bullish momentum is not weakened. Additionally, short-term corrections aside, the strength of Bitcoin suggests that institutional and retail investors continue to have confidence in its long-term value.
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