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Bitcoin analyst and avid BTC proponent, Will Clemente, recently shed light on an attractive macroeconomic landscape that is unfolding, potentially favoring the world’s leading cryptocurrency.
suggests Clemente that the United States currently faces an unavoidable situation where it must significantly increase its money supply to manage its rising debt burden. This, he argues, sets the stage for a substantial devaluation of the currency in the near future.
Clemente’s analysis is based on the growing likelihood that the United States will continue to expand its money supply in the coming years. With the ruthless trend of printing money quickly, he asks a critical question: Which assets will be 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 almost 70% from 2021 highs, there is still a good chance that Bitcoin will succeed.
With the market moving sideways, Bitcoin volatility nearing an all-time low, and me losing my mind, I decided to put together a few thoughts on why:
It is common knowledge that Bitcoin… pic.twitter.com/kNo9RBvyiR
— Will Clemente (@WClementeIII) September 19, 2023
Bitcoin: the digital safe haven
As Clemente delves into his rationale, he emphasizes the unique features that make Bitcoin stand out in this tumultuous economic climate. He emphasizes that while gold has long been considered the main asset during periods of currency decline, Bitcoin’s upcoming halving will significantly strengthen its stock-to-flow ratio, even surpassing 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. Bestselling author of “Rich Dad Poor Dad,” Robert Kiyosaki, has echoed similar sentiments. Kiyosaki emphasizes the urgency of action in the current economic climate.
He dismisses questions about future price predictions for Bitcoin, gold and silver in 2025 as ‘foolish’. Instead, he urges individuals to focus on their current assets, stressing that time is running out to take advantage of the opportunities these assets present.
Act now before prices rise
Kiyosaki claims that Bitcoin, gold and silver remain relatively affordable investments at the moment, but warns that this opportunity will close quickly. He predicts that as more people recognize the potential of these assets and rush to acquire them, prices will inevitably rise.
I am constantly asked: “What price will gold, silver or Bitcoin be in 2025. My answer is that this is a stupid question. A more important question is: how much gold, silver and Bitcoins do you have TODAY? Gold, silver and Bitcoin are bargains today, but not tomorrow. America is bankrupt. Buy GSBC…
— Robert Kiyosaki (@theRealKiyosaki) September 19, 2023
If The current price of Bitcoin hovering around $27,028.81, the recent 2.8% increase in seven days underlines the growing interest in these digital and precious metals assets.
The macroeconomic stage appears to have been reached where Bitcoin will shine amid concerns about the US 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