Mike McGlone from Bloomberg and Robert Kiyosaki have shared their views on Bitcoin's future and the global economy, highlighting their differing perspectives.
McGlone's Bearish Bitcoin Forecast
Mike McGlone, Bloomberg's senior commodity strategist, has issued a bearish forecast for Bitcoin. In the current situation, Bitcoin has been correlated with the Asian stock market. McGlone shared a chart illustrating that Bitcoin is moving in tandem with the Hang Seng Index. He believes the bottoms of this index and Bitcoin may be found lower than current levels, forecasting continued downside before they reach their nadirs.
Robert Kiyosaki Advocates for Bitcoin Investment
Prominent financial expert and author of 'Rich Dad Poor Dad,' Robert Kiyosaki, endorsed Bitcoin in a recent tweet. Kiyosaki stressed the continuous increase of the U.S. national debt, which has been growing by $1 trillion every 100 days. He also pointed out that the interest on this debt is currently the country's biggest expense — over $1 trillion per year. 'The dollar is trash,' Kiyosaki tweeted, 'stop saving dollars... start saving Bitcoin... real money.' He also believes that alongside Bitcoin, it is worth adding gold and silver to one's portfolio, as all three are safe haven assets that can help survive hyperinflation.
Conclusion
The perspectives of Mike McGlone and Robert Kiyosaki highlight different aspects of the economic situation and Bitcoin's future. While McGlone predicts a decline, Kiyosaki sees Bitcoin and other assets as a refuge from economic turmoil. Both experts offer important insights for analyzing the cryptocurrency market and the global economy.
The views of Mike McGlone and Robert Kiyosaki on Bitcoin underscore the diversity of expert opinions. Monitoring their perspectives can provide a better understanding of market processes.
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