Robert Kiyosaki, author of the best-selling book 'Rich Dad Poor Dad,' has made a bold prediction about the future of Bitcoin, gold, and silver in light of the planned rate cuts by the Federal Reserve.
Fed Rate Cut to Boost Bitcoin
The US Federal Open Market Committee (FOMC) is set to begin its easing cycle on September 18th. Kiyosaki believes this will benefit Bitcoin and gold, as investors will likely shift their funds from bonds and other assets to these commodities.
Inflation and Bitcoin
The author also urged his followers to acquire more Bitcoin before the Fed begins its easing cycle. This will be the first rate cut in four years, and market observers are preparing for potential changes. Kiyosaki believes that Bitcoin and other real assets will benefit from unsustainable US debts, describing the dollar as 'trash' and advising to save in Bitcoin and gold.
Expert Opinions
Mike Novogratz of Galaxy Digital shares Kiyosaki's sentiment. He predicts that Bitcoin will appreciate as US debts continue to grow at $1 trillion per 100 days. This is due to money inflation reducing the dollar's value, pushing users to seek alternatives like gold, Bitcoin, or silver. Meanwhile, Bitcoin has climbed back to $60K after two weeks of struggling below this psychological level. The market's reaction to the Fed's pivot in the short term remains uncertain.
While the market eagerly anticipates further actions from the Fed, predictions about the future of Bitcoin, gold, and silver continue to spark active discussions among experts. Stay tuned to keep up with the latest trends.
Comments