The author of the bestseller “Rich Dad, Poor Dad” and entrepreneur Robert Kiyosaki described the strengthening of the US dollar as an excellent opportunity to buy the first cryptocurrency and other digital assets.
BUYING OPPORTUNITY: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. BUY more. When FED pivots and drops interest rates as England just did you will smile while others cry. Take care
— therealkiyosaki (@theRealKiyosaki) October 2, 2022
“Buy more. When the Fed pivots and cuts rates, as England has just done, you will be smiling while others cry,” he said.
Kiyosaki expects that Bitcoin will continue to fall in light of the current monetary policy of the United States. Along with him, the entrepreneur urged buying gold and silver.
US Senator from Wyoming Cynthia Lummis, in an interview with Hard Money, also expressed concerns about rising inflation.
She urged paying attention to Bitcoin as a store of value. According to the senator, governments cannot confiscate the first cryptocurrency, and it cannot be stopped.
In June, Lummis, together with colleague Kirsten Gillibrand introduced the full version of a bipartisan bill regulating the crypto industry.
The document, titled “The Responsible Financial Innovations Act”, introduces legal terminology for digital assets and virtual currencies, and defines the powers of supervisory agencies.
Earlier, Kiyosaki predicted Bitcoin would fall to $17,000 and urged buying cryptocurrencies ahead of the “greatest crash in history”.
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