Bitcoin is real money, a “safe haven” asset according to this big name in finance
Businessman and best-selling author Robert Kiyosaki described Bitcoin [BTC]silver and gold as a “buying opportunity” amid the rise of the US dollar and interest rates.
The author shared a chirping for his 2.1 million Twitter followers who provide his predictions on the said matter. He predicted it the prices of the three commodities, commonly referred to as “safe haven” assets, will continue to fall as the value of the US dollar increases.
BUYING OPPORTUNITY: If the FED continues to raise interest rates, the US$ will strengthen and push gold, silver and Bitcoin prices lower. Buy more. When the FED swings and lowers interest rates like England just did, you will smile while others cry. Have a good time
— therealkiyosaki (@theRealKiyosaki) 2 October 2022
According to another recent tweet by Kiyosaki, there may be a historic connection between the US and the UK that could have an impact on the financial markets. He further opined,
“AMERICA’S BIRTHPLACE is NEW ENGLAND. Old ENGLAND died this week. The Old English Pound died this week, as did old English pensions. Is America’s NEW ENGLAND next? Remember crashes make the rich richer. Don’t be a victim like the Old English of Old England. Think and act with NEW power.”
Kiyosaki and the asset class
Kiyosaki has always been a supporter of asset classes that the Fed cannot directly influence. He had also told investors to “Get Bitcoin” and save themselves in the wake of the Fed’s sudden, massive money creation activities in response to the COVID-19 outbreak.
Interestingly, Kiyosaki continues to like Bitcoin despite not thinking about its current value. Furthermore, in his last tweet, the author appeared to endorse Bitcoin several times, writing,
“When the FED swings and lowers interest rates like England just did, you will smile while others cry.”
The decline of the US currency has been predicted by Kiyosaki in the past. He has also warned that the USD was on the verge of collapse earlier this year and noted that the Fed and the Treasury are destroying the dollar. He declared the end of fake currency last month.
In addition, Kiyosaki advised investors to invest in “real money”, referring to BTC as one of the assets. He also warned that Fed rate hikes will destroy the US economy. In addition, the author urged people to invest in cryptocurrencies right away, before the biggest global financial collapse occurs.
Raise Fed rates
Over the past year, the US dollar has gradually strengthened against other major world currencies, with GBP/USD, EUR/USD and JPY/USD falling by 18.24%, 15.54% and 23.33% respectively per trade. Economy.
At the same time, a 55% decline in the market value of cryptocurrencies over the past 12 months has corresponded with the Fed’s rate hike and a strengthening of the USD.
