The author of “Rich Dad Poor Dad” best-seller has mentioned Bitcoin among the commodities that present good buying opportunities while the U.S. dollar surges
Robert Kiyosaki, businessman and author of the financial education best-seller Rich Dad Poor Dad, has called Bitcoin (BTC), silver and gold a “buying opportunity”. The writer believes that now is the right time to buy those assets if you want to profit when the USD crashes.
In a tweet, Kiyosaki noted that the prices of the so-called “safety haven” commodities decline amid the strengthening USD and continued interest rate hikes. At the same time, the author predicts that Fed might drop interest rates as soon as January 2023. In his opinion, it would be followed by a USD crash similar to the one observed in the British pound now.
Since May 2020, Kiyosaki has supported asset classes that the Fed cannot directly manipulate, e.g. digital assets. Although he does not believe there’s any real value to cryptocurrencies, Kiyosaki stresses the need to invest in digital assets now “before the biggest economic crash in history” in order to score attractive returns over the long term.
Over the last year, the U.S. dollar has been gradually gaining strength over major global currencies. Since the Fed started raising interest rates, the crypto market lost over 55% of its market cap.