Key Points
- Robert Kiyosaki predicts that Bitcoin, gold, and silver prices will explode following the Fed rate cut.
- The author believes that unsustainable US debts will lead to inflation, pushing investors towards alternative assets like Bitcoin.
Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad,” has made a bold prediction about the future of Bitcoin (BTC).
Fed Rate Cut to Boost Bitcoin
The US FOMC (Federal Open Money Committee) 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.
Kiyosaki stated, “Bitcoin, gold, silver prices about to EXPLODE…When Fed PIVOTS and real assets go up in price, as fake money leaves fake assets such as US bonds, fleeing to real assets such as real estate, gold, silver, and Bitcoin.”
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 wins.
Kiyosaki has previously stated that Bitcoin and other real assets will benefit even more due to unsustainable US debts. He believes that the dollar is “trash” and people should save in Bitcoin and gold instead.
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 because money inflation will reduce the dollar’s value, pushing users to seek alternatives like gold, Bitcoin, or silver.
In the meantime, 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.
