Bitcoin is actual cash, a “secure haven” asset as per this big-name in finance
Businessman and best-selling writer Robert Kiyosaki describes bitcoin [BTC]Silver and gold as a “shopping for alternative” between the US greenback and rate of interest hikes.
the writer shared Tweet Describing his predictions concerning the above matter to his 2.1 million Twitter followers. he predicted that The costs of the three commodities, generally known as “secure haven” belongings, will proceed to fall because the US greenback rises in worth.
Shopping for Alternative: The US$ will strengthen if the Fed continues to lift rates of interest, which is able to decrease the costs of gold, silver and bitcoin. purchase extra. You’ll smile whereas others cry when the Fed adjustments and drops rates of interest like in England. take care
— TheRealKiyosaki (@theRealKiyosaki) 2 October 2022
Kiyosaki. According to another recent tweet byThere could also be a historic relationship between the US and the UK that might have an effect on the monetary markets. he provides,
“America’s birthplace is New England. Outdated England died this week. The Outdated English pound died this week, as did the Outdated English pension. Is America’s New England subsequent? Bear in mind accidents make the wealthy richer Do not fall prey to the Outdated English of Outdated England. Assume and act with renewed vigor.”
Kiyosaki and Asset Lessons
Kiyosaki has all the time been a supporter of asset lessons that the Fed can’t immediately affect. He instructed buyers to “get bitcoin” and shield themselves within the wake of the Fed’s sudden, huge wealth creation actions as a response to the COVID-19 outbreak.
Curiously, Kiyosaki continues to love bitcoin regardless of not having a second considered its present worth. Moreover, in his most up-to-date tweet, the writer appeared to assist bitcoin a number of instances, writing,
“You may smile whereas others cry when the Fed pivots and drops rates of interest as in England.”
Up to now, Kiyosaki had predicted the tip of the US foreign money. He additionally warned that the USD was on the verge of a fall earlier this 12 months and famous that the Fed and the Treasury are destroying the greenback. He introduced the tip of faux foreign money final month.
Moreover, Kiyosaki suggested buyers to put money into “actual cash”, describing BTC as an asset. He additionally warned {that a} hike in rates of interest by the Fed would spoil the US economic system. Moreover, the writer urged folks to put money into cryptocurrencies instantly earlier than the most important international financial collapse.
Fed hikes rates of interest
Over the previous 12 months, the US greenback has step by step strengthened towards different vital world currencies, with GBP/USD, EUR/USD, and JPY/USD falling 18.24%, 15.54%, and 23.33%, respectively, per commerce . Economics
On the similar time, the 55% drop within the crypto market cap over the previous 12 months is consistent with a rise within the Fed rate of interest and a stronger USD.
