Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, said that the strength of the dollar gives everyone a great chance to buy gold, silver and bitcoins.
Robert Kiyosaki expects “safe assets”, including bitcoin, to continue to decline amid a strengthening US dollar and higher base rates. And it will be a great opportunity to invest in these assets. And when the base rates begin to decline, the rate of bitcoin and other safe assets will begin to rise.
“If the Fed continues to raise rates and the dollar continues to strengthen, the prices of gold, silver and bitcoin will decline. And then buy these assets. When the Fed changes policy and cuts rates, you will smile and others will weep,” the investor wrote on Twitter.
He believes that the Fed will start cutting base rates as early as next January, which will greatly weaken the US dollar. A similar situation occurs with the British pound sterling.
Earlier, Kiyosaki said that a large-scale economic crisis is brewing in the world and cryptocurrencies can become the best protection for investors’ funds.
