Robert Kiyosaki, Source: The Rich Dad Channel In the wake of the Federal Reserve (Fed) raising interest rates to their highest levels since the 2008 crisis, the dollar responded positively, gaining at the expense of other global fiat currencies. It is worth noting that the British Pound and the Euro are the all-time low performing currencies against the USD. Despite the good performance of “greenback”, author of the personal finance book “Rich Dad Poor Dad” Robert Kiyosaki believes that the strength of the US currency will be short-lived, and investors will abandon fiat currencies in favor of Bitcoin and silver. The BTC / USD exchange rate is consolidating slightly above $ 19,000 over the weekend.
In a tweet on October 1, Kiyosaki noted that the dollar could collapse in early 2023.
Silver and Bitcoin can be an alternative asset to protect against a possible depreciation of the “greenback”.
The expert has repeatedly predicted the end of the dollar in the past, calling it counterfeit money
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R. Kiyosaki: Possible market crash is an opportunity to buy silver and Bitcoin
In a tweet on October 1, Kiyosaki noted that the dollar could collapse in early 2023, but suggested that silver could be an alternative asset to protect against a possible depreciation of the “greenback”.
Will US dollar follow English Pound Sterling? I believe it will. I believe US dollar will crash by January 2023 after Fed pivots. To profit from crash of US $ I bought many more US silver Buffalo rounds. Silver is a bargain. I will not be a victim of the F * CKed FED. Take care. – therealkiyosaki (@theRealKiyosaki) October 1, 2022
– Will the US dollar follow the English pound? I believe so. I believe the US dollar will collapse by January 2023 following a turnaround in Fed policy. To profit from the US dollar crash, I bought many more US silver buffalo coins. Silver is an opportunity, emphasized Kiyosaki.
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Kiyosaki’s most recent stance on the dollar comes after he previously warned that global markets are likely to experience a “catastrophic crash” and that investors will turn their backs on the dollar and other fiat currencies in favor of cryptocurrencies.
At the time, Kiyosaki was forecasting the end of the dollar, calling it counterfeit money, while advising investors to choose silver, which he suggested could rise to around $ 500 an ounce. Overall, other fiat currencies are falling as their central banks try to keep up with Fed policy. It is worth noting that there are indications that the Fed will continue its rate hike schedule as lowering rates would be doomed by soaring inflation, Kiyosaki pointed out. Interestingly, the strong dollar has directly translated into losses in other global fiat currencies, and investors mostly turn to Bitcoin (BTC) as collateral. Last week, Finbold reported that people from the UK and the European Union are selling both the pound and the euro at record lows to buy BTC.
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