- Andrew Lokenauth views Bitcoin as a safeguard against financial crises.
- Robert Kiyosaki advises caution in stock and bond markets, predicts economic depression.
- Bitcoin’s recent performance attracts attention as it surpasses $31,500 milestone.
In a recent Twitter conversation, Andrew Lokenauth, the esteemed founder of the Fluent Finance newsletter, expressed his viewpoint on Bitcoin (BTC) as a safeguard against potential financial crises. Lokenauth’s response was prompted by a prudent message shared by the well-known author and entrepreneur Robert Kiyosaki, renowned for his book “Rich Dad, Poor Dad.”
I do not play the stock or bond markets. As an entrepreneur, I like my hands on control too much.
Kiyosaki, a professional in the crypto industry, has conveyed his reluctance to participate in the stock and bond markets, highlighting his inclination towards retaining direct control as an entrepreneur. He highlighted several indicators indicating an imminent stock market crash and advised individuals whose financial future depended on stocks and bonds to be cautious and contemplate seeking expert guidance. He expressed apprehensions about an upcoming economic depression.
In response to Kiyosaki’s tweet, Lokenauth expressed his perspective on Bitcoin as a defensive strategy in the face of potential economic uncertainties. He emphasized the potential of Bitcoin to serve as a safeguard against financial crises, systemic collapses, or economic instability. By portraying Bitcoin as a type of insurance, Lokenauth insinuated that this decentralized digital currency could protect individuals and investors during periods of volatility.
Lokenauth’s viewpoint aligns with an increasing cohort of individuals who view Bitcoin as a safeguard against conventional financial systems. This assertion arrives amidst Bitcoin’s commendable performance over the recent weeks, which has garnered attention within the crypto industry.
Bitcoin (BTC) has experienced a remarkable upward trajectory, with a notable surge of 13.4% over the past 30 days and an impressive growth of over 41% in the last year. The recent milestone of Bitcoin surpassing $31,500 coincided with Ripple’s favorable outcome in the prolonged SEC lawsuit. However, in the past 24 hours, BTC has encountered a slight setback, experiencing a minor decline of 0.5%. As of the latest data from CoinGecko, Bitcoin is currently trading at $30,183.
