Bitcoin (BTC), the world’s first decentralized cryptocurrency, has received tremendous hype as of late. Research suggests that most cryptocurrency traders bought within the past year. Those that didn’t hop on the proverbial bandwagon, however, remain in doubt–as cryptocurrency in itself has many scratching their heads.
But if anyone holds the power of persuasion to urge people to take the leap, perhaps it’s Robert Kiyosaki.
Kiyosaki’s US Dollar Prediction
Kiyosaki is primarily known as the uber-famous author of the 1997 New York Times best-seller Rich Dad Poor Dad. His work has been translated into more than 50 languages in more than 109 countries.
In the book, Kiyosaki champions the importance of financial literacy and independence, building wealth through investing in assets and real estate, and starting and owning a business. Additionally, Kiyosaki offers personal finance education to help students achieve financial independence.
Kiyosaki has taken to Twitter this week to share his thoughts and opinions about the economy. In his series of tweets, Kiyosaki predicts that the US dollars will plummet and suggests buying Bitcoin.
“I believe US dollar will crash by January 2023 after Fed pivots,” one tweet read. “To profit from crash of US $ I bought many more US silver Buffalo rounds.
Kiyosaki isn’t shy about his dislike for the Federal Reserve. He also notes that crashes are what cause the rich to get richer.
In another tweet, Kiyosaki says, “if Fed continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. Buy more.”
The Uncertainty of the British Pound Sterling
All of this talk about the US dollar and buying Bitcoin comes amidst the steep decline in the British pound. This record slump has resulted in an economic crisis and, apparently, tax cuts are the reason behind this.
To further urge the reason to buy Bitcoin Kiyosaki said, “When Fed pivots and drops interest rates as England just did you will smile while others cry.” He also noted that the “English pound died this week.”
Kiyosaki takes this slump in England as a foreshadowing of what will happen soon in America. To emphasize his point, he says, “Will US dollar follow English Pound Sterling? I believe it will.”
Kiyosaki Promotes Bitcoin
Kiyosaki has long predicted the end of the US dollar–stating earlier this year it was soon going to implode. He also warns that the Federal Reserve and Treasury are destroying the dollar. On Sept. 20, he tweeted, “the end of fake money is here.”
His advice? Invest in Bitcoin.
“Savers will be biggest losers,” he notes. “Invest in real money. Gold, silver & Bitcoin.”