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Kiyosaki explained that as the Federal Reserve continues increasing interest rates, there will be an extensive purchase of gold, silver, and Bitcoin.
Celebrated author of the best-selling, globally famous book Rich Dad Poor Dad, Robert Kiyosaki has claimed that the United States Dollar (USD) will collapse by January next year, as the Federal Reserve changes its policy. He suggested Bitcoin as one of the essential investments to make as the Fed begins increasing interest rates on the virtual asset.
Since investors are sliding toward a fateful market crash, the author advises crypto investors to purchase virtual assets before the entire financial ecosystem is transformed. According to Kiyosaki, the world is in for the biggest crash in the history of financial markets.
The author also predicted a long decline but restated his opinion that bear markets are the most suitable times for investors to make deals and earn profits. He also indicated that the US dollar would collapse with the present economic system, eventually inching to conventional approval for the crypto industry since this space is not run by governments.
Rich Dad Poor Dad is a 1997 classic co-authored by Kiyosaki and Sharon Letcher. It has been on the New York Times Best Seller List for more than 6 years with around thirty-two million copies sold in over 51 languages.
Recently, when the British pound crashed against other currencies leading to the Bank of England requesting immediate effects with bond-buying programs to settle the markets, Kiyosaki called the English Pound dead on his Twitter account. The popular author also believes that the US dollar will follow in English Pound’s footsteps and crash soon.
Kiyosaki explained that as the Federal Reserve continues increasing interest rates, there will be an extensive purchase of gold, silver, and Bitcoin. Claiming that the crash is a good time to get rich, the author said that if the Fed keeps on increasing interest rates, the US Dollar will grow more powerful eventually leading to a decrease in gold, silver, and bitcoin rates. As soon as the Fed stops increasing rates and goes in the opposite direction, the market will crash.
However, this is not the foremost instance of Kiyosaki estimating the fall of the USD. He had initially claimed that the dollar will implode, acknowledging that the Fed and the Treasury are all together in annihilating the currency.
In fact, Kiyosaki has openly claimed that while the Fed murders the US Dollar, the investors should make money using Bitcoin as one of the investment places. He pushed his followers to stop ‘wanting’ to invest and begin investing in the currency as soon as possible.