Famed author of the bestselling book, Rich Dad Poor Dad, Robert Kiyosaki has predicted that the US dollar will plummet by January next year after the US Federal Reserve reverses course. He named bitcoin as one of the investments to buy as the Fed continues to hike interest rates.
Robert Kiyosaki predicts an impending US dollar crash
Rich Dad Poor Dad author Robert Kiyosaki is back with a somber warning on the US dollar, predicting the USD will plummet in a few months.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
After the British pound plummeted against other currencies and the Bank of England took emergency measures with a bond-buying program to calm markets, Kiyosaki tweeted on Saturday: “The British pound died this week.”
The famous author shared his expectation in another tweet: “Will the US dollar follow the British pound sterling? I think it will.” He added:
I believe the US dollar will plummet by January 2023 after the Fed pivots.
In a follow-up tweet on Sunday, Kiyosaki emphasized that there will be buying opportunities for gold, silver and bitcoin if the Federal Reserve continues to hike interest rates. Noting that crashes are great times to get rich, the renowned author wrote:
Buying Opportunity: If the Fed continues to hike interest rates, the US dollar will strengthen which will cause gold, silver and bitcoin prices to fall. buy more.
“If the Fed turns around and cuts interest rates…you’re going to smile while others cry,” he noted.
This wasn’t the first time Kiyosaki predicted the end of the US dollar. He said earlier this year that the USD was on the verge of imploding, noting that the Fed and Treasury were destroying the dollar. Last month he said the end of fake money was here.
Additionally, Kiyosaki has warned that the Fed’s rate hike will wreck the US economy and advised investors to invest in “real money,” naming Bitcoin as one of the investments. He also encouraged investors to get into crypto now, before the biggest economic crash in world history happens.
What do you think of Robert Kiyosaki’s predictions about the US economy and the US dollar crash? Let us know in the comment section below.
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