Kiyosaki: Why You Should Invest in Gold, Silver, and Bitcoin
Kiyosaki said that BTC, gold, and silver prices could fall further, but he also explained why people should invest in them now.
The author of the best-seller believes that the US Federal Reserve will continue to raise interest rates, which will eventually lead to lower prices for BTC, gold, and silver.
This is a good time to buy stock in the company, as prices are low and there is potential for future growth. This could be a great opportunity for investors to make some money.
Kiyosaki: Now's the Time to Buy Bitcoin
I used to be among the bitcoin critics, but the COVID-19-induced crisis changed my mind. I have now placed it next to commodities such as gold and silver, as I believe it is a valuable asset that will continue to grow in value.
It is clear that the president is not happy with the Federal Reserve's monetary policy in recent months. By raising interest rates, the Fed is trying to fight inflation, but this is not sitting well with the president. It will be interesting to see how this situation unfolds in the coming weeks and months.
It's no secret that the stock market has been in a bit of a slump recently. However, what's interesting to note is that bitcoin seems to be following suit. In the past, whenever the interest rates have gone up, bitcoin has been incredibly volatile, usually heading south. This time around is no different, and stock prices have taken a hit as a result. Even more stable assets like gold and silver have seen their values decline from recent peaks.
Kiyosaki believes that the USD will continue to rise in value against the euro and the British pound as long as the Fed keeps increasing interest rates. This could mean that BTC, as well as gold and silver, could lose even more value against the greenback.
I believe that now is a great time to invest in assets, despite the current market conditions. I believe that the Fed will eventually lower interest rates, which will make investors who purchase assets now very happy. I believe that this is a great opportunity to make some money.
BUYING OPPORTUNITY: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. BUY more. When FED pivots and drops interest rates as England just did you will smile while others cry. Take care
— therealkiyosaki (@theRealKiyosaki) October 2, 2022
Peter Schiff comes to play: the investment guru on why he's bullish on bitcoin.
While it's not surprising that someone as famous as Kiyosaki would speak out about gold or bitcoin on Twitter, it is somewhat surprising that Peter Schiff, the ultimate BTC basher, didn't use this opportunity to criticize bitcoin.
I agree with Schiff that it's possible gold and silver prices have already bottomed. The market has not realized it yet, but I think it's a good idea to buy now while prices are still cheap.
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I believe that buying Bitcoin now will make you smile later. I think that the current market conditions are ripe for investing in Bitcoin, and I believe that the cryptocurrency will continue to grow in value. I think that Bitcoin is a great long-term investment, and I believe that it will only become more valuable over time.