Robert Kiyosaki Calls Bitcoin “Buying Opportunity” As The Value Of The US Dollar Rises

As the US currency strengthens and interest rates continue to rise, businessman and best-selling author Robert Kiyosaki has referred to Bitcoin (BTC), silver, and gold as a “buying opportunity.”

The author observed the prices of the three commodities, which are commonly referred to as “safe haven” assets, would continue declining as the US currency strengthened, confirming its value until the “FED pivots” and lowers interest rates in a tweet on October 2 to his 2.1 million followers.

The day before, Kiyosaki said in an article that this “flip” might occur as early as January 2023, causing the U.S. dollar to “fall” in a manner similar to the newly devalued British pound.

Will the American dollar adopt the British pound sterling? It will, I think. After the Fed pivots, the US currency will crash, in my opinion, by January 2023, Kiyosaki predicted, adding that he “will not be a victim of the F*CKed FED.”

Kiyosaki once urged investors to “Get Bitcoin and save yourselves”

A supporter of asset classes that the Fed cannot directly influence since May 2020, Kiyosaki once urged investors to “Get Bitcoin and save yourselves” in the wake of the Fed’s sudden, massive money creation activities in reaction to the COVID-19 outbreak.

Interestingly, Kiyosaki’s liking for Bitcoin stands despite not believing there’s any value to it, he said in a recent interview on Rich Dad. The author appears to be standing behind Bitcoin again in his most recent tweet, noting: 

“When FED pivots and drops interest rates as England just did you will smile while others cry.”

In a September letter to his mailed subscribers, Kiyosaki stressed the need to invest in digital assets now in order to score outsized returns over the long term:

“It’s not enough to WANT to get into crypto […] Now is the time you NEED to get into crypto, before the biggest economic crash in history.”

According to Trading Economics, the U.S. dollar has gradually gotten stronger relative to other important world currencies during the past year, with declines in the GBP/USD, euro/USD, and Japanese yen/USD of 18.24%, 15.54%, and 23.33%, respectively.

At the same time, a 55% decline in the market capitalization of cryptocurrencies over the past 12 months has corresponded with the Fed’s interest rate hike and a strengthening USD.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

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