- Japanese yen/USD, GBP/USD and Euro/USD have fallen to 23.33%, 18.24% and 15.54%.
- Robert Kiyosaki has tipped Bitcoin along with silver and gold.
- Kiyosaki foresees a U.S. dollar crash might happen by January 2023.
With the United States dollar going strong and interest rates rising, Robert Kiyosaki has termed Bitcoin, silver and gold as the best buying opportunities.
Robert Kiyosaki, who is a businessman as well as the best-selling author of Rich Dad Poor Dad, noted that prices of all three commodities will continuously decrease with increase in the United States dollar; thus, showing its potential after the FED pivots and reduces interest rates.
BUYING OPPORTUNITY: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. BUY more. When FED pivots and drops interest rates as England just did you will smile while others cry. Take care— therealkiyosaki (@theRealKiyosaki) October 2, 2022
A day earlier, Kiyosaki anticipated that the pivot could take place in January 2023, owing to which the U.S. dollar might crash just like the British pound collapsed recently.
Since May 2020, Kiyoski has been an advocate for asset classes that can’t be manipulated by the Fed.
Despite knowing that Bitcoin holds no value, Kiyosaki has a strong liking for it. He is still a supporter of Bitcoin, which is quite clear from his tweet that read:
When FED pivots and drops interest rates as England just did you will smile while others cry.
In September, Kiyosaki mailed his subscribers in which he emphasized on the need to make digital assets investment to have large returns in the long run.
As compared to other leading global currencies, the U.S. dollar is increasing strength during the last year.
The same time, a hike in the interest rate of the Fed and the strong USD have coincided with the crypto market’s cap drop by 55% during the past 12 months.
CK Zheng, hedge fund co-founder, said last month that he anticipated October as an extremely volatile month for Bitcoin, especially when merged with high inflation. Talking about the concern, if the Fed tightens, extreme recession will hit the U.S. economy.