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Amid a bitcoin price surge, which reached $20,000 in early October, Robert Kiyosaki advised his Twitter followers to buy the popular cryptocurrency in the face of a possible interest rate hike by the Federal Reserve. The world-renowned speaker and writer saw bitcoin as a “buying opportunity.”
Kiyosaki boasts more than 2 million followers on Twitter and all of them were the target of a recent post related to cryptocurrencies. For him, the so-called “safe haven” assets will be affected by the momentary strengthening of the dollar.
Therefore, his recommendation is to buy now and then redeem when interest rates come back down.
“Buying opportunity: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. BUY more. When FED pivots and drops interest rates as England just did you will smile while others cry. Take care,” the author of “Rich Dad, Poor Dad” wrote on Twitter.
As for the proximity of this change, the financial guru anticipated that this scenario could occur in early 2023, which would cause the dollar to “crash”.
“Will the US dollar follow English Pound Sterling? I believe it will. I believe US dollar will crash by January 2023 after Fed pivots,” Kiyosaki said in an earlier tweet.
The famous businessman expressed his belief in assets that cannot be controlled by state regulatory agencies and, in a letter sent to his followers in September this year, he highlighted the need to invest in digital assets to obtain superior returns in the long term. For example, he encouraged them to enter the so-called “crypto world”.
Joaquín Núñez es hincha de Racing Club de Avellaneda y licenciado en comunicación periodística por la Universidad Católica Argentina. Se especializa en el escenario internacional y en la política norteamericana // Joaquín Núñez is a fan of Avellaneda's Racing Club and has a degree in journalistic communication from the Universidad Católica Argentina. He specializes in the international scene and American politics.