Amid continuing warnings of finance experts and outstanding investors Whether it's about the bleak state of the U.S. economy or predictions of an even bleaker future, recent data has shown that bankruptcy filings in the country are reminiscent of previous crises.
As it happens, the number of bankruptcy protection filings in the United States has recently reached โdangerous levels,โ similar to those of the Great Recession in 2008 and the start of the COVID-19 pandemic in 2020, according to information shared per user whale wire in an X post on September 24.
According to the expert's conclusions, these levels usually indicate that a massive crisis is preparing, including a possible fall of the stock market, as similar situations have already occurred previously, both in 2008 and 2020. Specifically:
โThis indicator often suggests that the economy is not performing well and has historically always been followed by massive crises. stock Exchange crashes.โ
'End of the American Empire'?
Meanwhile, one of the prominent investors sounding the alarm about the US economy is Robert Kiyosakiwho has warned of the imminent โend of the american empireโ through the disappearance of the US dollar, which, in his opinion, will no longer be the world's reserve currency.
As a way to protect himself against the impending economic crisis, the author of the best-selling personal finance book 'Rich dad poor dad' has long recommended invest in alternative assets such as CRYPTOCURRENCIESparticularly Bitcoin (btc), arguing that "crypto is the futureโ in the world where fiat money is โfake.โ
More recently, Kiyosaki advised his followers to buy bitcoins today, not tomorrow, as the flagship of decentralized finance (DeFi) active, along with gold and silverin his opinion, it is still a relatively cheap investment at the moment, since fine ball reported. In fact, at press time Bitcoin was trading at a price of $26,109, down 1.82% on the day and down 2.24% over the week.
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