Kiyosaki commented that the crash of the US dollar would occur in January 2023 after the Fed changes course. However, he recently mentioned the rise of the fiat currency offers an excellent opportunity to buy gold, silver, and Bitcoin.
Since the publication of his best-selling book Rich Dad and Poor Dad in 1997, Robert Kiyosaki has predicted a global economic crash. The American businessman and investor recently said that this debacle would occur in January 2023.
Pessimistic forecasts like the one in October about the collapse of the US dollar in January 2023 characterize Robert Kiyosaki. He has also suggested that silver would become an alternative asset, saying that its price might rise to USD 500.
Since he believes the biggest crash in history is imminent, he advises buying assets that are impossible to reprint. The renowned guru also highlighted that it is better to invest in stocks and bonds than in US dollars.
Kiyosaki recently commented on Twitter that the crash of the US dollar would occur in January 2023 after the Fed changes course. He pointed out that he bought many more US silver Buffalo coins to profit from the depreciating American fiat currency.
Despite its last quite bullish day, silver has devalued by up to 20% of its value this year, while gold has depreciated by 9%.
Kiyosaki Thinks that Gold, Silver, and Bitcoin Will Rise
The financial expert, who supports cryptocurrencies, predicted in May that Bitcoin would drop to USD 17,000. Although the current prices are around that low, the prediction of Kiyosaki has been accurate until now.
He said on Twitter that Bitcoin would crash, saying that is excellent news. He has noted that he is waiting for a lock-in at USD 20,000 before BTC bottoms out at around USD 17,000. If that happens, he will invest a lot of money in it, reiterating that crashes are the best time to become wealthy.
However, Robert Kiyosaki recently mentioned the rise of the US dollar offers an excellent opportunity to buy gold, silver, and Bitcoin. He thinks that the American fiat currency will depreciate just like the pound sterling when the Fed changes its interest policy.
He tweeted that the US dollar will strengthen while gold, silver, and Bitcoin decline if the Fed continues to raise interest rates. Therefore, he recommends buying more to take advantage of the situation to avoid regretting as most people would.
The Opinion of Robert Kiyosaki about Cryptocurrencies like Bitcoin
The financial expert is in favor of cryptocurrencies, gold, silver, and real estate. In early 2022, he also recommended buying canned food, toilet paper, and garbage bags.
However, Kiyosaki has recently referred to cryptocurrencies quite frequently. Last week he told his followers that they had to acquire cryptocurrencies before the biggest crash occurs.
Despite his warning about a prolonged recession, he claimed that bearish markets are the best opportunity for becoming wealthy. In July, he said that the prices of asset prices were plummeting, which led him to expect bargains in the real estate market.
By Alexander Salazar
