Invest in bitcoin (BTC) before the dollar crashes, urges Robert Kiyosaki. Beyond the fact that this successful businessman and best-selling author has always had a grudge against the Fed, he has a deep belief that crypto remains an investment opportunity.
Robert Kiyosaki predicts dollar crash in 2023
Robert Kiyosaki is a successful businessman, investor and bestselling author. He is also a motivational speaker. He is particularly known for his book Rich Dad Poor Dad, a work (masterpiece) on personal finance, a bestseller. This finance expert and crypto enthusiast recommends that investors invest in bitcoin as the value of the dollar continues to climb. Afterwards, he says, it will be too late since the dollar will crash. It will be for January 2023.
He warns investors that this crash will have impacts on bitcoin and precious metals. The monetary policy of the Fed would be at the origin of this event which he describes as a financial cataclysm. He explains : “The United States is borrowing too much money and keeping interest rates low. Low interest rates force the country to borrow more dollars to buy more bonds and keep interest rates low. This causes inflation and causes the interest rate to rise. Debt becomes too expensive. The US dollar is dying”.
Invest in bitcoin (BTC) before it’s too late
For Robert Kiyosaki, the best defense against such an economic environment is bitcoin, gold and silver. The value of these assets, which he describes as a “safe haven”, will continue, he says, to fall as long as the US dollar continues to rise. Over the past year, the US dollar has gradually strengthened against other major global currencies.
This strengthening of the USD corresponds to the fall of more than 50% of the market capitalization of bitcoin over the last twelve months. According to experts, now is a good time to enter the crypto market, while prices are still low. Also according to these experts, the cryptocurrency market will rise in the coming years. Those who invest now will obviously benefit from this dynamic.
Take the example of the American pension fund system
Robert Kiyosaki has always maintained a clear position with respect to the Fed: he does not trust it. Which is why he prefers to be a supporter of asset classes that the Fed cannot influence directly. Among these assets, he cites bitcoin, which he considers “real”. the dollar US, he says, is counterfeit money. It is, so to speak, just a giant IOU. The best would be to invest in bitcoin, as the US public pension fund system does.
In the United States, these institutional investors would have become heavy users of cryptocurrencies. Government-sponsored retirement funds are most likely to be invested in crypto assets. These conclusions come from a recent study conducted by CFA Institute, an association of investment professionals.
Robert Kiyosaki foresees an unprecedented financial crisis. Faced with what, here is his advice. It is better to invest your money than to save it, he says. the bitcoin (BTC) and cryptocurrencies in general present themselves as an excellent investment opportunity. However, there is a golden rule to follow: you should only invest what you can afford to lose.
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