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Bitcoin as Economic Insurance: Andrew Lokenauth’s Insightful Perspective

Published 17/07/2023, 14:03
© Reuters.  Bitcoin as Economic Insurance: Andrew Lokenauth’s Insightful Perspective

  • Andrew Lokenauth highlights Bitcoin’s role as insurance against potential financial crises and economic instability.
  • In response to Robert Kiyosaki’s cautionary message on a potential stock market crash, Lokenauth shares his perspective.
  • Lokenauth’s tweet sparks discussions about Bitcoin’s value as insurance.

In a recent Twitter exchange, Andrew Lokenauth, the founder of the Fluent Finance newsletter, shared his perspective on Bitcoin (BTC) as a form of insurance against potential financial crises. Lokenauth’s tweet came as a reply to a cautionary message by renowned author and entrepreneur Robert Kiyosaki, known for his book “Rich Dad, Poor Dad.”

I do not play the stock or bond markets. As an entrepreneur, I like my hands on control too much.

Kiyosaki had expressed his hesitance to engage in the stock and bond markets, emphasizing his preference for maintaining hands-on control as an entrepreneur. He further noted that various indicators were pointing towards a severe stock market crash and urged individuals whose future relied on stocks and bonds to exercise caution and consider seeking professional advice. He expressed concerns about an impending econ…

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