Get the biggest stories of the week all in one place, including Kiyosaki’s advice for surviving inflation, AI forecasts for BTC’s price post U.S. election, and more.
Kiyosaki's Inflation Advice, AI Bitcoin Price Forecast, and More — Week in Review
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Top Stories This Week: Kiyosaki’s Survival Tips, AI Bitcoin Forecasts, and BRICS’ Dollar Dependence Dilemma
Robert Kiyosaki Reveals His Secret to Surviving Inflation — Urges You to Do What He Did
Rich Dad Poor Dad author Robert Kiyosaki has shared his secret to surviving inflation, advising: “If you are wondering how you will survive and thrive in today’s high inflation environment … you may want to do what I did.” He warned of the dangers of relying on U.S. dollars and urged people to seek new teachers to navigate the looming financial collapse. Read more.
Editor’s comment: Two of the saddest things about financial know-how is that primary school largely doesn’t teach it, and many (most?) people don’t even consider it a vital life skill.
9 AI Chatbots Forecast Bitcoin’s Price Under Trump vs. Harris—Here’s What They See
On Oct. 20, 2024, bitcoin’s price broke past the $69,000 mark, leaving many in the market eager to see what’s next. With the 2024 U.S. elections approaching, bitcoin ( BTC) prices could swing unpredictably, given the speculation surrounding the face-off between Donald Trump and Kamala Harris. Read more.
Editor’s comment: It’s amazing that these various AI models support their predictions with a lot of the same information humans are using.
Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence
Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank to support new members. Read more.
Editor’s comment: The BRICS group has been advocating moving away from a dollar-based system for nearly 20 years. Perhaps with crypto rails they can finally make meaningful progress.
Stanley Druckenmiller’s ‘Big Short’ Move: Betting on Future Disaster
Duquesne Family Office’s Stanley Druckenmiller has revealed his latest move in the U.S. bond market. The billionaire investor who won millions in the past for Duquesne Capital does not believe that inflation will keep cooling down, and is consequently betting that a bond bust will eventually happen. Read more.
Editor’s comment: Just remember that Druckenmiller is famous for changing to the other side of a bet overnight.
Central Banks Are Secretly Buying Bitcoin
Central banks are likely buying Bitcoin in secret as a hedge against inflation, economic instability, and to prepare for a future where digital assets may dominate global finance. Read more.
Editor’s comment: The fact that the U.S. Minneapolis Fed released a working paper blaming Bitcoin for stopping the government from forever getting deeper into debt, lends credence to this story.
