Bitcoin: Rich Dad Poor Dad author predicts that USD drop put BTC in an area of big opportunity
The author of Rich Dad Poor Dad, Robert Kiyosaki, believes that macroeconomic policies in the United States could create an excellent opportunity to buy Bitcoin (BTC).
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Kiyosaki predicts that the US dollar will crash in January 2023 after the Federal Reserve changes its macroeconomic strategy and cuts interest rates.
“If [the Fed] keeps raising rates, the [dollar] will strengthen and gold, silver and Bitcoin prices will go down. Buy more. When the Fed [s] pivots and lowers rates like the UK just did, you'll be smiling while everyone else is crying. "
The author told his 2.1 million Twitter followers that he is buying the US silver buffalo circle in anticipation of a change in Fed strategy.
Bitcoin is trading at $19,559 at the time of writing. The top-rated crypto asset by market capitalization is up nearly 3% in the past 24 hours, but down more than 1% in the past seven days. BTC is also still 71% below its all-time high of over $69,000, which it reached in November 2021.
Kiyosaki's career has been controversial many times. In 2012, the Florida Attorney General accused his company of holding paid seminars for deceptive business practices. The company did not admit responsibility to him but is said to have paid the attorney general $500,000, as well as nearly $200,000 in restitution to conference attendees.
That same year, the author also filed for bankruptcy through one of his companies called Rich Global LLC.
Oct 05, 2022