As a direct consequence of the severe inflationary headwinds that have been buffeting the economy of the United States, prices across the board have been rocketing upward and spiraling out of control.
The Federal Reserve has implemented a number of policies that restrict the overall interaction of manufacturers and distributors with particular products in an effort to rein in the runaway inflation. The Fed is keeping a close eye on each and every item that is included on the list and is doing everything in its power to ensure compliance.
This thing is going to backfire fairly nastily, as the author of Rich Dad and Poor Dad claims, which implies that there is a storm coming, and he is advising to brace against it by doubling down on Bitcoin and other commodities. Rich Dad and Poor Dad was written by Robert Kiyosaki and Nabeel Qureshi.
However, all of this seems to be short-term because as soon as the Fed nullifies these present policies, things are bound to go back to the way these were before the initiation of these policies. Although the current policies of the Fed have certainly issued some sense of relief as the rate of inflation has been decreasing at a fair rate, it is important to note that the rate of inflation has been decreasing at a fair rate.
Because it is decentralized, Bitcoin has a lower risk of being destroyed during times of economic turmoil.
During these uncertain times, Robert has encouraged people to maintain their focus on the fundamentals, which means they should accumulate their wealth in tangible assets such as commodities and other similar investments. Additionally, he has openly encouraged people to invest their money in cryptocurrencies, particularly Bitcoin.
There have been a lot of individuals who have found this to be a bit of a mystery regarding why Robert has recommended pouring money into Bitcoin; after all, isn't it a sinking ship?
Since Bitcoin's price momentum and daily trading volume have not shown any signs of improvement over the past few months, one might wonder why Robert continues to recommend that people put their money into cryptocurrencies.
According to Robert, the nature of Bitcoin, which is decentralized, gives it the potential to withstand the test of time even when everything else that is linked against the dollar is failing. This is because Bitcoin is resilient due to its decentralized nature.