{"id":8626,"date":"2024-03-12T00:42:46","date_gmt":"2024-03-12T00:42:46","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/buy-bitcoin-financial-guru-predicts-gloomy-future-for-retirement-funds\/"},"modified":"2024-03-12T00:42:46","modified_gmt":"2024-03-12T00:42:46","slug":"buy-bitcoin-financial-guru-predicts-gloomy-future-for-retirement-funds","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/buy-bitcoin-financial-guru-predicts-gloomy-future-for-retirement-funds\/","title":{"rendered":"\u201cBuy Bitcoin\u201d: Financial Guru Predicts Gloomy Future For Retirement Funds"},"content":{"rendered":"<p style=\"font-weight: 400\">Financial Guru and Bitcoin (BTC) supporter Robert Kiyosaki shared a gloomy prediction about the future of the retiring generation. The author expressed his concerns and suggested that BTC and other assets are the best protection against a potential market crisis.<\/p>\n<h2 style=\"font-weight: 400\"><span class=\"ez-toc-section\" id=\"%E2%80%98Baby_Boomer_Bust_Alarm_On_Is_Bitcoin_The_Emergency_Exit\"><\/span>\u2018Baby Boomer Bust\u2019 Alarm On: Is Bitcoin The Emergency Exit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"font-weight: 400\">Robert Kiyosaki, the author of \u2018Rich Dad, Poor Dad,\u2019 has consistently forecasted an unhappy future for the US economy. On his X (formerly Twitter) account, the investor rang the alarms for Americans, especially those in retirement.<\/p>\n<p style=\"font-weight: 400\">The financial guru expressed concerns about the US financial system a month ago. At the time, Kiyosaki warned his 2.5 million followers to \u201cbail out\u201d and called BTC the \u201cparachute\u201d against the seemingly \u201cimpending crash\u201d of the banking system.<\/p>\n<p style=\"font-weight: 400\">Last Friday, Kiyosaki <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1766561540394606756\">reaffirmed<\/a> this concern after stating that \u201cAmerica is sick.\u201d His message contained both a warning and a reassurance, \u201cDon\u2019t be SCARED: Be PREPARED.\u201d<\/p>\n<p style=\"font-weight: 400\">The investor highlighted that the US\u2019s debt of $34 trillion has been increasing by $1 trillion every 90 days. As a result, he urged his followers to \u201cprepare now\u201d and take care of themselves by buying \u2018robust\u2019 assets.<\/p>\n<p style=\"font-weight: 400\">Early on Monday, the warnings continued as the author affirmed that the time to \u201cget real\u201d has come. \u201cReal assets\u201d are the key to protecting investments, he believes. Moreover, Kiyosaki listed the same recurring assets: Bitcoin, silver, and gold.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BABY BOOMERS BUST. Tragically biggest bubble in history will wipe out baby boomers because Boomers are the  first generation with flimsy 401ks.  Stock market set to crash.  Time to get real is now. Buy real assets: gold, silver, Bitcoin before the biggest bubble in history goes\u2026<\/p>\n<p>&mdash; Robert Kiyosaki (@theRealKiyosaki) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1767054547942580480?ref_src=twsrc%5Etfw\">March 11, 2024<\/a><\/p>\n<\/blockquote>\n<p style=\"font-weight: 400\">In the message to his followers, Kiyosaki foresees an incoming tragic future. \u201cStock market set to crash,\u201d the post reads.<\/p>\n<p style=\"font-weight: 400\">According to the investor, baby boomers will be the most affected by the crash: \u201cTragically biggest bubble in history will wipe out baby boomers because Boomers are the first generation with flimsy 401ks.\u201d<\/p>\n<h2 style=\"font-weight: 400\"><span class=\"ez-toc-section\" id=\"Retirement_Funds_Eyeing_Crypto_Assets\"><\/span>Retirement Funds Eyeing Crypto Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"font-weight: 400\">Kiyosaki is not the only one linking retirement funds and digital assets. Previously, Standard Chartered Analyst Geoff Kendrick suggested that a Bitcoin expansion to the 401k market might be around the corner through the newly launched spot Bitcoin ETFs (exchange-traded funds).<\/p>\n<p style=\"font-weight: 400\">Kendrick expects a shift from traditional funds to crypto-based ones, as he anticipates that retirement fund managers will allocate funds to the recently launched ETFs.<\/p>\n<p style=\"font-weight: 400\">Moreover, the Arizona State Senate recently took a crucial step toward expanding retirement portfolios. Arizona is considering including Bitcoin ETFs in its retirement portfolio. The resolution encourages lawmakers to explore the allocation of some of these funds into successful ETFs.<\/p>\n<p style=\"font-weight: 400\">Investment products based on BTC have proved successful among retail and institutional investors, which signals a change in sentiment among traditional investors regarding cryptocurrencies.<\/p>\n<p style=\"font-weight: 400\">The US Securities and Exchange Commission (SEC) &#8216;s approval of Bitcoin ETFs was a significant step for traditional market adoption. Since the launch of ETFs, giant traditional players have started to consider digital assets like Bitcoin reliable despite their volatility.<\/p>\n<p><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Guru and Bitcoin (BTC) supporter Robert Kiyosaki shared a gloomy prediction about the future of the retiring generation. The author expressed his concerns and suggested that BTC and other assets are the best protection against a potential market crisis. \u2018Baby Boomer Bust\u2019 Alarm On: Is Bitcoin The Emergency Exit? Robert Kiyosaki, the author of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8627,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"\u201cBuy Bitcoin\u201d: Financial Guru Predicts Gloomy Future For Retirement Funds - Bitrabo","description":"Financial Guru and Bitcoin (BTC) supporter Robert Kiyosaki shared a gloomy prediction about the future of the retiring generation. The author expressed his conc"},"footnotes":""},"categories":[316],"tags":[448,874,851,831,1095,2364,2363,911,2224],"class_list":["post-8626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-buy","tag-financial","tag-funds","tag-future","tag-gloomy","tag-guru","tag-predicts","tag-retirement"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/8626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=8626"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/8626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/8627"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=8626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=8626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=8626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}