Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad,” thinks Bitcoin, gold, and silver are about to skyrocket in value.
Fed Rate Cut Could Spark Big Gains
Kiyosaki believes that if the Federal Reserve cuts interest rates at its next meeting, these assets will explode in value. He says that investors will pull money out of “fake assets” like US bonds and put it into “real assets” like real estate, gold, silver, and Bitcoin.
“It really doesn’t matter which is better, gold or Bitcoin,” Kiyosaki said. “That’s like arguing about whether a Ferrari or a Lamborghini is better.”
The Fed is expected to lower interest rates by at least 25 basis points at its next meeting on September 18th.
Kiyosaki: Dollar Losing Faith
Kiyosaki has been predicting big gains for these assets for a while now. Earlier this year, he said that investors are losing faith in the dollar and will turn to these “store-of-value” assets.
“They know history will repeat,” he said. “They know what happened to Germany’s Reichsmark and the Zimbabwe dollar. They know more and more people are finally waking up.”
Bitcoin Down for the Day
Bitcoin is currently trading for $58,495, down 2.72% in the last 24 hours.
Important Note:
This information is not investment advice. Always do your own research before investing in any asset. /p>
