- BTC will explode after the Fed rate cut, according to Kiyosaki.
The author believed money would flee bonds and other assets to BTC, gold and silver.
As an analyst with over two decades of experience in the financial markets, I find myself intrigued by the predictions of Robert Kiyosaki and other market pundits regarding Bitcoin (BTC) and gold. With the anticipated Fed rate cut this week, it’s plausible to expect a shift in investor sentiment towards real assets like BTC, gold, and silver.
This coming week marks the anticipated Federal Reserve’s shift in monetary policy, often referred to as the “pivot.” Economists and market analysts have been expressing optimism recently. The US Federal Open Market Committee (FOMC) is projected to initiate its easing phase on September 18th.
As a crypto enthusiast, I’ve been keeping an eye on Robert Kiyosaki’s insights, particularly his take on the “Rich Dad Poor Dad” book. His recent prediction is that the Federal Reserve’s shift in policy could work in favor of Bitcoin [BTC] and gold. In simpler terms, he believes this move could potentially boost their value.
Prices of Bitcoin, gold, and silver are expected to surge significantly when the Federal Reserve changes its policy, causing an increase in the value of real assets. As investors move away from false assets like U.S. bonds due to their lack of substance, they will instead invest in tangible assets such as real estate, gold, silver, and Bitcoin.
Inflation to rally BTC?
Kiyosaki further urged his followers to buy more BTC before the Fed begins its easing cycle.
“Buy some (more) gold, silver, or Bitcoin…before the Fed pivots and drops interest rates.”
In about four years, this is the first time we’ll see a decrease in interest rates. Market analysts are likely ready to capitalize on this opportunity with riskier investments. Nevertheless, Kiyosaki has expressed that Bitcoin and other genuine assets might gain even more due to the escalating US debt, which he considers unsustainable.
On September 13th, Kiyosaki warned that the mounting US debts, which he deemed unsustainable, would not be resolved regardless of who wins the upcoming US elections. He suggested that it might be wiser for people to save their money in Bitcoin and gold rather than in dollars due to his view that the dollar’s value is questionable.
“The dollar is trash. Stop saving dollars, fake money….& start saving gold, silver, & Bitcoin….real money.”
In March, Mike Novogratz of Galaxy shared a comparable viewpoint. He stated that the value of Bitcoin could increase due to the continuous expansion of US debt at approximately $1 trillion every 100 days.
Essentially, an increase in money supply (inflation) can weaken the U.S. dollar‘s worth, prompting people to look for other options such as gold, Bitcoin, or silver. The author predicts that this rapid inflation could potentially skyrocket the value of a single Bitcoin up to $10 million according to his July price forecast.
In the meantime, BTC was back to $60K after two weeks of struggling below the psychological level.
Following the recent U.S. economic data, the markets are anticipating a 50% probability for a 0.25% or 0.50% decrease in the Federal Reserve’s interest rate. In the near future, it is uncertain how the market will respond to the Fed’s potential shift in policy direction.
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2024-09-15 15:03