'Rich Dad Poor Dad' Author Sees Big New Reason for Buying Bitcoin (BTC)
Robert Kiyosaki Endorses Bitcoin:
- Robert Kiyosaki, author of "Rich Dad Poor Dad," endorses Bitcoin as a protective asset against the potential crash of the US dollar.
- He believes Bitcoin is a good option to safeguard against upcoming global developments.
BRICS Gold-Backed Crypto Rumors:
- Kiyosaki mentions rumors about BRICS nations planning to launch a gold-backed cryptocurrency.
- The potential launch could lead to a significant flow of US dollars back into the USA.
US Dollar Hyperinflation Concerns:
- Kiyosaki predicts hyperinflation in America due to the influx of US dollars if the BRICS gold-backed crypto is introduced.
- He criticizes the US dollar as "fake money" and advocates for investing in Bitcoin, gold, and silver as protection.
Kiyosaki's Advocacy for Bitcoin and Precious Metals:
- Kiyosaki has been promoting Bitcoin, gold, and silver as safe havens since the start of the pandemic.
- He condemns the US government's quantitative easing policies and the printing of additional US dollars.
Global Economic Impact:
- The article highlights the expansion of BRICS membership to include countries like the UAE, Egypt, Iran, and Ethiopia.
- It emphasizes the potential repercussions of a BRICS gold-backed crypto launch on the global economy.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000591 | 0.00000889 | 0.0000115 | 0.0000144 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000889 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
About X
About the author
