Robert Kiyosaki Sees Bitcoin as a “buying opportunity” as the U.S. Dollar Rises – crypto.news

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has predicted that the U.S. dollar will crash by January of next year after the Federal Reserve pivots. He mentioned bitcoin as one of the investments to buy as the Fed raises interest rates.

Robert Kiyosaki Predicts an Imminent U.S. Dollar Crash

Robert Kiyosaki, the author of Rich Dad Poor Dad, has issued another dire warning about the U.S. dollar, predicting that it will crash in the coming months.

Kiyosaki and Sharon Lechter co-wrote Rich Dad Poor Dad in 1997. It has been on the New York Times Best Seller List for over six years. 

More than 32 million copies of the book have already been sold in more than 51 languages and 109 countries.

After the British pound’s plunge against other currencies and the Bank of England’s emergency bond-buying program to calm markets, Kiyosaki tweeted on Saturday, “English pound died this week.”

The famous author expressed his concern in another tweet: “Will the U.S. dollar follow the English Pound Sterling? I think it will.” He continued: “After the Fed pivots, I believe the U.S. dollar will crash by January 2023. “

Opportunity Presents Buy Chances for Bold, Silver & BTC

Kiyosaki highlighted in a follow-up tweet on Sunday that as the Federal Reserve continues to raise interest rates, there will be chances to purchase gold, silver, and bitcoin. The renowned author stated: “Crash times are great times to get rich.”

There is a buying chance: If the Fed continues increasing interest rates, supposedly to hedge inflation, the U.S. dollar will strengthen, causing gold, silver, and bitcoin prices to fall. Purchase more.

According to historical price charts, Bitcoin’s price fell by at least 10% or more just after Fed meetings in March, May, and June. While the drop after the July meeting was less severe, there is a clear pattern of Fed rate increases corresponding to crypto market drops.

“When the Federal Reserve caps and lowers interest rates,similar to how England recently did, you will smile while others cry.”

It Isn’t Kiyosaki’s First Prediction

This was not Kiyosaki’s first prediction of the demise of the U.S. dollar. He predicted earlier this year that the U.S.D would implode, noting that the Fed and the Treasury were destroying the currency. He declared last month that the end of fake money had arrived.

Furthermore, Kiyosaki has warned that raising interest rates by the Fed will destroy the U.S. economy, advising investors to invest in “real money,” which includes bitcoin. He also urged investors to invest in cryptocurrency now, before the world’s largest economic crash in history occurs.

Last month, hedge fund co-founder CK Zheng predicted that BTC would be “very volatile” in October.

“October is a pretty volatile month, particularly when paired with high inflation, and there is a lot of debate about the Fed and policy change.” The fear is that if the Fed tightens too much, the U.S. economy will enter a severe recession.”