Robert Kiyosaki describes Bitcoin as a “buying opportunity” when the U.S. dollar appreciates
The popular author of Rich Dad Poor Dad A U.S. dollar meltdown may come in January, according to Poor Dad, who has recommended Bitcoin and two other commodities as investment options.
Robert Kiyosaki, entrepreneur and best-selling author of Rich Dad Poor Dad, has described Bitcoin (BTC), silver, and gold as “buying opportunities” in the context of a rising U.S. currency and ongoing interest rate rises.
In a tweet to his 2.1 million followers on October 2, the author said that the prices of the three commodities — frequently referred to as “safe haven” assets — would continue falling as the U.S. currency strengthened, confirming its value until the “FED pivots” and decreases interest rates.
In a post from the day before, Kiyosaki claimed that this “pivot” might occur as early as January 2023, resulting in a “fall” of the U.S. dollar similar to the recent collapse of the British pound.
“Will the U.S. dollar follow the British pound? I think it will. Kiyosaki said, “I anticipate the US currency will fall by January 2023 once the Fed reverses course,” adding, “I will not be a victim of the F*CKED FED.”
Kiyosaki has been an advocate for asset classes that the Fed cannot directly influence since May 2020, when he cautioned investors to “Get Bitcoin and rescue yourselves” in reaction to the Fed’s initial mass money creation operations in response to the COVID-19 outbreak.
In a recent interview on Rich Dad, Kiyosaki said that despite not thinking Bitcoin has any value, he continues to like it. In his most recent tweet, the author seems to have reaffirmed his support for Bitcoin.
When the FED reverses course and lowers interest rates, as England recently did, you will be ecstatic while others weep.