Bitcoin Enjoys Growing Favorable Conditions, Top Analyst Says
September 21 2023 - 8:00AM
NEWSBTC
Bitcoin analyst and fervent BTC advocate, Will Clemente, has
recently shed light on a compelling macroeconomic landscape
unfolding, potentially favoring the world’s leading
cryptocurrency. Clemente suggests that the United States is
currently facing an unavoidable predicament, where it must increase
its money supply significantly to manage its mounting debt burden.
This, he argues, sets the stage for substantial currency debasement
in the near future. Clemente’s analysis hinges on the growing
probability of the United States further expanding its money supply
over the coming years. With the relentless trend of rapid money
printing, he raises a critical question: Which assets will emerge
as the top performers in this volatile financial landscape? Among
the contenders, including the stock market, commodities, real
estate, and venture/angel investing, Clemente’s resounding answer
is Bitcoin. Despite being down nearly 70% from its 2021 highs,
there is still a high likelihood that Bitcoin succeeds. With the
market going sideways, Bitcoin volatility near all time lows, and
me losing my mind, decided to compile a few thoughts on why: It is
widely known that Bitcoin… pic.twitter.com/kNo9RBvyiR — Will
Clemente (@WClementeIII) September 19, 2023 Related Reading: How
Cross-Chain Bridges Facilitate Dirty Money For Crypto Criminals
Bitcoin: The Digital Safe Haven As Clemente delves into his
rationale, he highlights the unique attributes that make Bitcoin
stand out in this tumultuous economic climate. He emphasizes that
while gold has long been considered the go-to asset during periods
of currency debasement, Bitcoin’s upcoming halving event will
significantly bolster its stock-to-flow ratio, surpassing even that
of gold and silver. Furthermore, Bitcoin’s advantages of
being highly transportable, divisible, verifiable, and provably
scarce position it as a superior alternative to traditional
commodities. BTC market cap pegged at $521 billion today. Chart:
TradingView.com The sentiment surrounding Bitcoin’s potential is
not limited to crypto enthusiasts and analysts. Best-selling author
of “Rich Dad Poor Dad,” Robert Kiyosaki, has echoed similar
sentiments. Kiyosaki emphasizes the urgency of taking action in the
current economic climate. He dismisses questions about future
price predictions for Bitcoin, gold, and silver in 2025 as “silly.”
Instead, he urges individuals to focus on their present holdings,
emphasizing that time is running out to seize the opportunities
presented by these assets. Related Reading: TikTok Faces Challenge
As Elon Musk Crypto Scams Multiply Act Now Before Prices Surge
Kiyosaki contends that Bitcoin, gold, and silver remain relatively
affordable investments at present but warns that this window of
opportunity is closing fast. He predicts that as more people
recognize the potential of these assets and rush to acquire them,
prices will inevitably surge. I am constantly asked “What
price will gold, silver, or Bitcoin be in 2025. My reply is that is
a silly question. More important question is how many gold, silver,
Bitcoins do you have TODAY? Gold, silver, Bitcoin are bargains
today… but not tommow. America is broke. Buy GSBC… — Robert
Kiyosaki (@theRealKiyosaki) September 19, 2023 As Bitcoin’s current
price hovers around $27,028.81, the recent 2.8% seven-day increase
underscores the growing interest in these digital and precious
metal assets. The macroeconomic stage appears to be set for Bitcoin
to shine amidst concerns about the U.S. economy. Analysts like Will
Clemente and financial experts like Robert Kiyosaki are sending a
clear message: the time to act is now, as the future of Bitcoin and
precious metals becomes increasingly promising in an uncertain
financial world. Featured image from Inside Bitcoins
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