Dollarmay crash by January predicts Robert Kiyosaki
Robert Kiyosaki, author of Rich Dad Poor Dad is back with a solemn warning about the US dollar, predicting it to plunge within months.
He cited Bitcoin as one of the investments to buy as the Fed continues to raise rates.
Kiyosaki tweeted, “BUYING OPPORTUNITY: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower”.
In addition, he directly warned that an interest rate hike by the Federal Reserve would wreak havoc on the U.S. economy and advised investors to invest "real money".
On October 2, he tweeted about the British pound stating “Will U.S. dollar follow English Pound Sterling? I believe it will.”
FED rate hikes and a stronger US dollar have coincided with a 55% drop in cryptocurrency market capitalization over the past 12 months.
Bitcoin has traded between $18,000 and $25,000 since June, compared to its record high of over $65,000 in November 2021.