Rich Dad Poor Dad author Robert Kiyosaki thinks macroeconomic policies in the United States could lead to a big opportunity to buy Bitcoin (BTC).
Kiyosaki predicts the US dollar will crash by January 2023 after the Federal Reserve shifts its macroeconomic strategy and lowers interest rates.
“If [the] Fed continues raising interest rates, [the] US dollar will get stronger causing gold, silver and Bitcoin prices to go lower. BUY more. When [the] FED pivots and drops interest rates as England just did, you will smile while others cry.”
The author tells his 2.1 million Twitter followers that he’s buying US Silver Buffalo Rounds in anticipation of the Fed’s change in strategy.
Bitcoin is trading at $19,559 at time of writing. The top-ranked crypto asset by market cap is up nearly 3% in the past 24 hours but down more than 1% in the past seven days. BTC also remains down more than 71% from its all-time high of more than $69,000, which it hit in November 2021.
Kiyosaki’s career has not been without controversy. In 2012, the Florida attorney general accused his paid seminar company of deceptive trade practices. The company did not admit liability but reportedly paid the attorney general $500,000, as well as nearly $200,000 in restitution to people who went to the seminars.
That same year, the author also filed for bankruptcy through one of his companies called Rich Global LLC.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Amith Nag
