Due to the strong US dollar and ongoing interest rate rises, businessman and best-selling author of Rich Dad Poor Dad, Robert Kiyosaki, has referred to Bitcoin as a “buying opportunity” alongside gold and silver.
Kiyosaki tweeted that the price of the three assets, commonly referred to as “safe haven”, will continue declining as the U.S. currency climbed, confirming its value once the “FED pivots” and lowers interest rates.
The day before, Kiyosaki said in a post that this “pivot” might occur as early as January 2023, causing the U.S. dollar to fall in a manner similar to the newly devalued English Pound Sterling.
A supporter of asset classes that the FED cannot directly influence since early May 2020, the author once urged investors to “Get Bitcoin and save yourselves” in the wake of the FED’s sudden mass money-printing incidents related to the COVID-19 outbreak.
Curiously, in spite of Kiyosaki’s belief that Bitcoin does not have any value to it, it did nothing to deter him from supporting the cryptocurrency. “When FED pivots and drops interest rates as England just did you will smile while others cry,” said Kiyosaki.
CK Zheng, the co-founder of the hedge fund company, predicted last month that BTC will be extremely volatile in October.
