Major US Stock Markets have already wiped Billions of Dollars from the US economy, analysts suggest Bitcoin (BTC) could be a major factor in reviving the US economy.
Just a few days before, when the US CPI (Consumer Price Index) came out, it shooked the Major US Stock Market as the overall financial market followed the S&P 500 dropped by 210 points (5.15%). The crypto market also faced liquidations and high volatility. The price of Bitcoin fell straightway from $22,500 to $19,400. A major selloff in the cryptocurrency market happened due to this.
The report by the US government shows that inflation increased from 8.1% to 8.3% in the month of August. Due to this, the US Federal Reserve is now expected to hike interest rates up to 100 basis points, which was expected to be 75 basis points before the data came out. The US Federal Reserve is continuously hiking interest rates to low down inflation.
SAVERS ARE LOSERS. 25 years ago, in RICH DAD POOR DAD I stated savers are losers. Today, US debt in 100s of trillions. REAL INFLATION is 16% not 7%. Fed raising interest rates will destroy US economy. Savers will be biggest losers. Invest in REAL MONEY. Gold, silver & Bitcoin.
— therealkiyosaki (@theRealKiyosaki) September 16, 2022
Recently, The famous book author Robert Kiyosaki (Rich Dad, Poor Dad) said "Invest in REAL MONEY. Gold, Silver & Bitcoin". There have been quite positive developments in the crypto industry. But to make rebound again, Bitcoin is needed to get constant resistance support from the bulls.
At the time of writing this article, Bitcoin is trading at $19,980 with a market cap of $382.21B, while the global crypto market is $968.81B.
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