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Showing posts with the label recession

Rich Dad Poor Dad Author Robert Kiyosaki Says Buy Bitcoin, Gold, Silver As ”Biggest Market Crash In History” Begins

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Rich Dad Poor Dad Author Robert Kiyosaki has told his millions of followers to buy Bitcoin, gold and silver, arguing that the stock market meltdown he predicted years ago is underway “I warned the biggest stock market crash in history was going to wipe out the financial security of millions of investors,” he said in a post  on X. “That stock market crash arrived today.” Robert Kiyosaki Suggests Investors Turn To “Non-Wall Street” Assets Analysts and experts have speculated that a recession might be looming. Prediction platforms such as Kalshi and Polymarket both put the odds of a 2025 recession at over 60%.  While many experts believe a recession is coming, Kiyosaki is confident the recession has already started. He warned that this recession will “more than likely” also lead to a depression soon. Kiyosaki warned that older investors, considered “baby boomers,” are most at risk because they no longer have time...

Germany’s recession triggers responses from the crypto community

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One community member thinks that, in this case, all speculative markets, including crypto, will lose ground. After contracting in the first quarter of 2023, the German economy has officially entered into recession , according to data from the country’s statistics office. A recession is generally identified when there is a decline in the gross domestic product (GDP) in two successive quarters. In Germany’s case, the country’s GDP reportedly fell by 0.3% for the quarter, following a decline of 0.5% in the fourth quarter of 2022. Members of the crypto community were split on the potential effects of the recession on the crypto economy. While some believe it’s a bullish signal for crypto , others think it might not have that much-desired effect on the space. On Twitter, some were saddened by the news but believed that the event was still a bullish sign for crypto. Community members believe that it’s a bullish sign. Source: Twitter On Reddit, a community member argued that it’s possi...