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Bitcoin Price Prediction: Kiyosaki Warns of a Great Depression – Will BTC’s Scarcity Drive Value?

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Robert Kiyosaki, the well-known creator of Rich Dad Poor Dad, has been warning for months that the United States might be heading towards what he calls a “Greater Depression.” At first, many dismissed this as overly pessimistic. But the most recent numbers are making his considerations tougher to disregard.

America’s nationwide debt has now climbed above $37 trillion, whereas family debt has reached a document $18.39 trillion. Credit card delinquencies are additionally rising, exhibiting that on a regular basis Americans are struggling to maintain up with greater borrowing prices.

On prime of that, the labor market, which has lengthy been one of the strongest elements of the U.S. financial system, is starting to weaken. In August, the financial system added simply 22,000 new jobs, and unemployment rose to 4.3%, the very best stage in 4 years.

Meanwhile, inflation is proving cussed, and the Federal Reserve is underneath stress. If it cuts rates of interest too slowly, development may stall additional. But if it cuts too aggressively, it may spark new issues of its personal. Rising bankruptcies, falling client confidence, and slower development are already feeding the sense of fragility.

Against this backdrop, Kiyosaki’s warning feels extra related than ever. And for a lot of buyers, Bitcoin’s built-in shortage is as soon as once more drawing consideration as a potential hedge in opposition to financial uncertainty.

Bitcoin’s Scarcity Advantage

Bitcoin’s construction affords what fiat currencies can’t: a fastened restrict on provide. With a onerous cap of 21 million cash, and greater than 19.9 million already mined, the remaining issuance is shrinking. The subsequent halving in 2028 will gradual new provide even additional, tightening availability at a time when conventional belongings threat dilution.

Unlike gold, Bitcoin is borderless, clear, and immediately transferable, making it an more and more enticing hedge throughout financial uncertainty. If fears of recession deepen, its restricted provide may amplify its function as a retailer of worth. For many, the very dangers Kiyosaki warns about might spotlight why Bitcoin’s shortage issues most.

Bitcoin Short-Term Technical Outlook

Bitcoin is consolidating close to $110,800 inside an ascending triangle, a sample that usually indicators upward continuation. Since late August, the chart has proven greater lows urgent in opposition to resistance at $113,400, reflecting regular accumulation. The 50-SMA at $110,209 is appearing as a ground, whereas the 200-SMA at $112,543 serves as a pivot.

Bitcoin 4-Hour Price Chart – Source: Tradingview

Momentum indicators lean constructive, with the RSI close to 51 and candlestick exercise, Doji and spinning tops, pointing to consumers absorbing stress. A breakout above $113,400 with quantity may open the door towards $115,400 and $117,150, confirming the bullish trajectory.

If $110,000 fails, help sits decrease at $108,450–$107,400, although the rising trendline suggests such pullbacks stay corrective relatively than a pattern reversal. For merchants, a tactical lengthy above $113,400, with stops underneath $110,200, affords a clear setup.

Bitcoin Long-Term Forecast: Higher Zones Ahead

Bitcoin’s broader pattern stays firmly bullish, anchored by its rising channel on the weekly chart. Price is consolidating above $110,000, with rapid resistance at $124,750 and a essential take a look at at $134,500. Clearing this zone would seemingly open the best way towards Fibonacci targets close to $171,000, with $231,000 as the subsequent long-term milestone.

Bitcoin Weekly Price Chart – Source: Tradingview

The 50-week SMA at $95,928 gives robust dynamic help, whereas the 200-week SMA round $42,869 marks the final word structural ground. The RSI at 62 indicators wholesome momentum with out being overbought, leaving area for continued growth. Candlestick motion exhibits no indicators of main reversals, reinforcing purchaser management.

For long-term buyers, dips towards $100,000–$104,000 might present accumulation alternatives relatively than dangers. With issuance slowing and demand rising, Bitcoin’s scarcity-driven attraction strengthens the case for six-figure ranges within the subsequent cycle.

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The put up Bitcoin Price Prediction: Kiyosaki Warns of a Great Depression – Will BTC’s Scarcity Drive Value? appeared first on Cryptonews.

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