Kiyosaki has repeatedly advised investors to invest in other assets which will help fight inflation. The most recent of these have come in the form of urging people to invest in bitcoin. Kiyosaki explains that if the Fed were to continue increasing interest rates, then the value of the dollar would go up, which would cause assets such as bitcoin to decline lower. However, it is common knowledge that the Fed can’t raise interest rates forever, and Kiyosaki explains that once they drop interest rates, then the value of assets such as bitcoin will skyrocket.
This is not the first time that the author will be predicting a drop in the value of the US dollar. In fact, in a previous tweet, he revealed that he expected the dollar to crash in early 2023. The reasoning behind this is the Fed will have to go the way of England and reduce interest rates.
Other Assets To Invest In
Although Kiyosaki has urged investors to put money in bitcoin to be able to avoid and profit when the Fed drops interest rates, he has also put forward other assets he believes will do incredibly well in such an environment too.
The author put forward buying silver and gold as another option for investors. He anticipates the prices of these going lower alongside the price of bitcoin and then a reversal in January 2023 when he expects the crash to happen.
BTC at $19,223 | Source: BTCUSD on TradingView.com
Kiyosaki had previously posted that his gold and silver dealer had told him that the “mint” had stopped selling coins to him. He explains this as a tightening that means that the value of the dollar is going to decline. He predicts a 5x growth for silver during such times, urging investors to invest in some of these.
Kiyosaki’s thoughts on this are not new in any way. Investors have been using bitcoin as a hedge for inflation for years now, which has earned it the nickname “Digital gold.” However, if Kiyosaki’s predictions are accurate, then the next bull market will likely see an earlier kick-off than expected.
Featured image from Inversor Global, chart from TradingView.com