- According to Robert Kiyosaki, if the FED continues to raise interest rates, the dollar will rise, leading cryptocurrencies to fall.
- The author believes that people should start investing in “real money”.
- Bitcoin is down more than 71% from its all-time high of $69,000 it achieved in November 2021.
The renowned author of Rich Dad Poor Dad, Robert Kiyosaki, has stated his position regarding the current macroeconomic conditions in the United States and how these are opening up a new opportunity to acquire Bitcoin.
Knotted to this, Kiyosaki believes that the dollar will fall in January 2023, after the Fed takes action against its current strategy and lowers interest rates.
“If [the] Fed continues to raise interest rates, [the] US dollar will strengthen causing gold, silver and Bitcoin prices to decline. BUY more. When [the] FED pivots and lowers interest rates like England just did, you will smile while others cry.”
Said Kiyosaki
The US economy would be destroyed if the Fed raises interest rates, according to Kiyosaki, who advises people to invest in “real money” and specifically mentions bitcoin as one of the assets. He also urged people to invest in cryptocurrencies immediately, before the biggest global economic collapse in history occurs.
Kiyosaki has told his 2.1 million Twitter followers that he has been buying US Silver Buffalo Rounds. This move by the author was in anticipation of possible FED strategy changes. The author has been using Twitter to capture his predictions about the dollar, there he commented that:
“I think the US dollar will crash in January 2023 after the Fed pivot. Buying opportunity: If the Fed keeps raising interest rates, the dollar will get stronger and the prices of gold, silver and bitcoin they will go down Buy more.”
Mentioned on Twitter Kiyosaki
At the time of writing, Bitcoin is trading at $20,257 up 0.83% today according to data from CoinMarketCap. The flagship coin is down more than 71% from its all-time high of over $69,000, which it hit in November 2021.
As far as the author is concerned, he has had a somewhat controversial life. In 2012, the Florida Attorney General charged his company with paid seminars for deceptive business practices. The company did not admit responsibility for him, but reportedly paid the attorney general $500,000, as well as nearly $200,000 in restitution to people who attended the seminars.
