Renowned author of the best-selling Rich Dad, Poor Dad, Robert Kiyosaki warns that stocks, bonds and real estate markets will crash if the Federal Reserve continues to raise interest rates. Noting that the Federal Reserve will turn around, he advises investors to buy Bitcoin.
Robert Kiyosaki Recommends Buying Bitcoin Before Fed Pivot
Rich Dad Poor Dad Author Robert Kiyosaki Reiterates Fed Rate Hikes Will Destroy US Economy, Advising Investors to Buy Bitcoin Before Fed Pivots . Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lecter. He has been on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 109 countries and in over 51 languages.
Kiyosaki tweeted early Saturday morning that gold and silver prices were plummeting as the Federal Reserve continued to raise interest rates. , bond and property markets will crash. He stressed that the Fed would pivot and advised investors to buy gold, silver and bitcoin before the Fed’s pivot occurred.
Many economists and strategists don’t expect the Fed to turn around anytime soon. The strategist and his fund manager told Reuters Global Markets Forum on Friday that a Fed pivot is not imminent, despite the looming risk of excessive tightening. They believe the Federal Reserve will likely raise interest rates too much and throw the U.S. economy into turmoil. recession.
Bank of America strategists led by Michael Hartnett wrote in a report on Friday that it would be premature for the Fed to change policy “without a sharp collapse in inflation and employment.” JPMorgan strategist Julia Wang said Thursday that the Fed is unlikely to pivot in the near future given persistent inflation. She told Bloomberg: So that’s why we expect the pivot to actually happen only in Q4 2023. “
Renowned author says Fed rate hikes destroy the US economyHe issued a similar warning in September.
The author of Rich Dad Poor Dad has been pushing Bitcoin for quite some time.Earlier this month he explained why he buys BitcoinHe has several times distinguished between the largest cryptocurrencies and fake money, end of counterfeit money It is here. Kiyosaki recently urged investors to: enter the cipher Before the biggest economic crisis hits.
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