The increase in bankruptcy filings in the United States worries analysts at the financial newsletter The Kobeissi.
According to revealed data by Kobeissi, the 12-week moving average of bankruptcy filings is now at 17the highest level in two years.
This increase coincides with the levels seen during the 2020 pandemic and the 2008 financial crisis. According to analysts, Bankruptcies are often an early indicator of widening high-yield bond spreads.
As companies face greater difficulty repaying their debts, credit spreads are likely to begin to widen.
Besides, bulletin anticipates increase in bankruptcies by 2025 if economic policies tighten further. This could unleash a spiral of pressure in financial markets, with effects that would spread globally.
Kiyosaki and his warning about a major crisis
Robert Kiyosaki, best-selling author Rich dad, poor dadshares a pessimistic view of the economic outlook, as reported by CriptoNoticias.
Earlier this month, he indicated that the Federal Reserve, the Treasury and Wall Street have made mistakes that could precipitate a global economic crisis.
Kiyosaki urges to protect assets such as gold, silver and bitcoin (BTC). In his words, These assets can offer refuge in a chaotic scenario, due to its decentralized nature and its independence from government policies.
Bitcoin and its role as a decentralized currency
Bitcoin could play a central role in this economic situation. As a decentralized monetary system, It is considered a viable alternative to traditional currencies subject to government decisions.
Bitcoin’s ability to operate without counterparty risk positions it as a strategic option for companies, banks and governments seeking to diversify their reserves.
With a fiscal deficit of 35 billion dollars and rising debt, the United States faces the risk of triggering severe inflationary pressures. In this context, bitcoin could establish itself as an innovative solution in the evolution of the concept of money.
The rise in bankruptcy filings is a reflection of deep economic tensions that could mark a turning point in the markets. As signs of crisis intensify, bitcoin and other alternative assets are gaining prominence as refuges in an environment of uncertainty. Although the immediate future looks challenging, these changes could redefine the foundations of the global financial system.