I’d be honest right away. The markets seem to be painting quite a bleak picture for 2025. Many economic indicators seems to be pointing towards a coming big recession.
Among the indicators are in the cryptocurrency market. Price movements have been generally disappointing as Bitcoin has been mostly bearish since the last halving in April. There were some enthusiasm after the US election, but prices are beginning to slide again after a while. This seems to indicate that investor are selling-off their cryptocurrencies to take long awaited profits. This isn’t a good sign as we are about to enter into a new year 2025 that is filled with a rather dreary outlook.
Gold price has reached a historic high, which seems to indicate that governments and big investors are stocking up this precious metal. Could they be anticipating difficult times ahead or are governments preparing for wars?
The value of US dollar is weakening. Interestingly, this is one of the key factors behind Ringgit Malaysia (RM) currency significantly strengthening against the US Dollar. This is an abnormal feat for an Asian currency that has not been performing well against major currencies.
Looking at the East, China’s great economy seems to be declining as well. Consumer spending remain sluggish post Covid, and 2024 monthly growth in manufacturing added value is contracting.
“Most People Have No Idea What Is Coming” — Robert Kiyosaki’s Last WARNING
I’d like to be the optimist but sometimes, being an optimist means you need to be realistic too. That means preparing for a major recession to really come around in 2025.
On a brighter note though, similar to what we had witnessed during the recent Covid 19 pandemic, our economies should not come to a complete shut down (hopefully). So, I would like to inject some positive sentiment amidst the rather dark outlook.
In this article, I would like to make some predictions about tech sectors which I think could still be viable during an economic recession. Note that Robert Kiyosaki took advantage of the 2008 financial crisis to amass even more wealth. So hopefully things will not be all doom and gloom this time round too.
Another example of an entrepreneur who prospered during a recession is Satoshi Nakamoto, the creator of Bitcoin. Did you know that Bitcoin whitepaper was released in October 2008 at the height of the 2007-2008 financial crisis? This means Satoshi was definitely not just sitting around moaning when the crisis hit. Instead, he laid down the groundwork for Bitcoin, launched it in 2009 and never stop putting hope in his invention.
To be clear, I am not saying that everyone of us can be great entrepreneurs like Kiyosaki or Nakamoto. Obviously, we are all not gifted to be millionaires or billionaires. My point is simply not to sit around and moan yourself to death if the global economy really go south in 2025.
Advantage of Technology During Recession
Even in times of economic recession, certain ventures can still remain viable. While the big tech companies have already begun layoffs, technology itself will not disappear. This means we can certainly utilize digital tools as a leverage to address emerging needs and trends.
Let’s take the recent Covid-19 pandemic as an example. Industries such as e-commerce, healthcare and delivery services mostly prosper when the economy went down the slump. This was possible because we kept the economy going with lots of online activities. Interestingly, it looks like our obsession with social media and online shopping over the last two decades had played a vital role in keeping us going during the pandemic.
The pandemic proved that technologies like e-commerce and social media are not inherently evil. It is the people who decide what they do with the technology that matters. We can use technology to serve people or make use of it to steal, spread dissensions and create chaos.
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