Rich Dad Poor Dad author Robert Kiyosaki says Bitcoin (BTC), gold and silver are about to skyrocket.
In a new thread on the social media platform flight to ‘real possessions’.
“Bitcoin, gold and silver prices [are] is about to explode…. When [the] Fed turns around, cuts rates, real assets [will] rising in price as fake money leaves behind fake assets like US bonds…
On the run to real assets like real estate, gold, silver and Bitcoin… It doesn’t really matter which is better, gold or Bitcoin. That would [be] like people arguing about which car is better: Ferrari or Lamborghini?”
The Fed is currently expected to cut rates by at least 25 basis points at the next FOMC meeting, scheduled for September 18.
Earlier this year, Kiyosaki said that value real estate will see tremendous growth as more and more investors lose confidence in the dollar.
“They know this long-term bull market is coming because they know confidence in FAKE money is disappearing. They know history will repeat itself. They know what [happened] to the German Reichsmark and the Zimbabwean dollar. They know that more and more people are finally waking up.
They know that after the crash the long bull market cycle for gold, silver and Bitcoin will begin. They know, after the crash…. gold, silver, Bitcoin will start climbing again to reach record highs.”
Bitcoin is trading at $58,495 at the time of writing, down 2.72% over the past 24 hours.
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