The crypto market looks pretty bloody today, with the most important coins trading in the red. At the moment of writing this article, BTC is also trading in the red, and the king coin is priced at $19,179.
Bitcoin’s ability to protect wealth
It’s been reported that the Rich Dad Poor Dad author Robert Kiyosaki is issuing a dire warning. He is currently saying investors must protect their wealth from an impending economic collapse.
Kiyosaki made sure to highlight the fact that investors can keep their capital intact amid an economic meltdown by loading up on gold, silver and Bitcoin (BTC).
He also dropped a piece of advice to his followers to create income streams through entrepreneurial endeavors.
“Gold, silver, Bitcoin may protect your WEALTH… but not your INCOME. As economy crashes, stock markets go bust, pensions crash and unemployment rises, a SIDE HUSTLE may provide you income. Who knows? Your side hustle may grow into the next Amazon or Bitcoin. Take care. Be aware.”
As the online publication the Daily Hodl notes, the popular author previously issued a similar warning and said people were not looking at the larger economic picture. He also pointed out the fact that silver is a solid investment in October, trading at below $20.
“WHY MILLIONS TO BE WIPED OUT: People CAN see microeconomics: food and fuel prices rising. CANNOT SEE macroeconomics. Macroeconomics INVISIBLE. Protect yourself from Macro. Buy gold, silver, Bitcoin. Silver best investment in Oct 2022. Everyone can afford $20 silver but are blind.”
Despite the massive market volatility, there are still all kinds of optimistic predictions about the price of the king coin that continue to pour into the crypto space.
Bitcoin miners get support from Binance
The other day, we revealed that the important crypto exchange Binance is making moves to support the BTC miners.
According to the latest reports, Binance has just launched a $500 million fund to provide loans to Bitcoin miners struggling to cope with difficult crypto-market conditions. Make sure to check out our previous article in order to learn more details about this.