Businessman and best-selling author Robert Kiyosaki described Bitcoin [BTC]silver and gold as a “buying opportunity” amid rising US dollar and interest rates.
The author shared a Tweeter for his 2.1 million Twitter followers stating his predictions on the aforementioned question. He predicted that the prices of the three commodities, which are generally referred to as “safe haven” assets, will continue to fall as the value of the US dollar rises.
BUY OPPORTUNITY: If the FED continues to raise interest rates, the US Dollar will become stronger, leading to lower prices for Gold, Silver and Bitcoin. Buy more. When the Fed pivots and lowers interest rates like England just did, you will smile while others will cry. Take care of yourself
— therealkiyosaki (@theRealKiyosaki) October 2, 2022
According to another recent tweet from Kiyosaki, there may be a historical connection between the United States and the United Kingdom which could have an impact on the financial markets. He further estimated,
“AMERICA’S BIRTHPLACE is NEW ENGLAND. Old ENGLAND died this week. The old English pound died this week, as did the old English pensions. Is America’s NEW ENGLAND next? Remember that crashes make the rich richer. Don’t be a victim like the old English of old England. Think and act with NEW vigor.
Kiyosaki and the asset class
Kiyosaki has always been a proponent of asset classes that the Fed cannot influence directly. He had also asked investors to “Get Bitcoin” and bail out following the Fed’s sudden and massive money creation activities in response to the COVID-19 outbreak.
Interestingly, Kiyosaki continues to love Bitcoin although he hasn’t thought about its current value. Additionally, in his most recent tweet, the author appeared to repeatedly support Bitcoin, writing,
“When the Fed pivots and lowers interest rates like England just did, you will smile while others will cry.”
The demise of US currency has been predicted by Kiyosaki in the past. He also warned that the USD was on the verge of crashing earlier this year and noted that the Fed and Treasury were destroying the dollar. He declared the end of counterfeit money last month.
Additionally, Kiyosaki advised investors to invest in “real money,” citing BTC as one of the assets. He also warned that the Fed’s interest rate hike would ruin the US economy. Additionally, the author urged people to invest in cryptocurrencies immediately, before the world’s biggest economic meltdown occurs.
Fed interest rate hike
Over the past year, the US dollar has gradually strengthened against other major global currencies, with GBP/USD, EUR/USD and JPY/USD declining by 18.24%, 15 .54% and 23.33%, respectively, by Trading Economy.
Meanwhile, a 55% drop in cryptocurrency market capitalization over the past 12 months has matched the Fed’s interest rate hike and a strengthening USD.