Robert Kiyosaki, author of the bestseller “Rich Dad, Poor Dad,” said that the strengthening dollar gives everyone a great chance to buy gold, silver and bitcoins.
Robert Kiyosaki expects that “safe-haven assets”, including bitcoin, will continue to decline on the back of a stronger US dollar and higher base rates. And it will be a great opportunity to invest in these assets. And when base rates start to fall, bitcoin and other safe-haven assets will start to rise.
“If the Fed continues to raise rates and the dollar continues to strengthen, gold, silver and bitcoin prices will fall. And then buy those assets. When the Fed changes policy and cuts rates, you will smile and others will weep,” the investor wrote on Twitter.
He believes that the Fed will start cutting base rates as early as next January, which will greatly weaken the US dollar. A similar situation is happening with the British pound sterling.
Earlier, Kiyosaki said that a massive economic crisis is brewing in the world and that cryptocurrencies could be the best protection for investors’ funds.
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