Last Updated: 31 October 2022
Renowned investor, entrepreneur and author Robert Kiyosaki still sees bitcoin as a good buy. “Buy bitcoin, silver and gold,” he said in a tweet.
Kiyosaki is well known in the world of investing, but especially in the book world. Among others, the best man wrote ‘Rich Dad, Poor Dad’. This news item is only about his opinion. Moreover, no one knows when America’s central bank will change its mind/policy.
Besides BTC and precious metals, Kiyosaki sees little in equities. He expects further declines for equities, government bonds and real estate.
Gold & silver prices plunge as Fed continues raising interest rates. Silver is out of stock so I am buying physical gold coins. Raising interest rates will kill economy. Stock, bond, real estate will crash. Fed will pivot. Buy Gold, Silver & Bitcoin before FED pivot. Take care.
— therealkiyosaki (@theRealKiyosaki) October 29, 2022
As America’s central bank, the Federal Reserve is currently the party to keep an eye on. This year, they started raising interest rates. And that has implications for financial markets. If the policy changes, and there is a move towards less large increases in interest rates, Kioysaki sees opportunities for BTC.
Not only is the price of bitcoin far from a high in dollars. The charts below show the price movements of silver and gold over the past 5 years.
Kioysaki is not the only one with this plan. BTC tapped the price of $20,800 today. According to IntoTheBlock, a large number of BTC was also withdrawn from various exchanges. It amounts to some 70,000 BTC.
#Bitcoin just recorded its largest net outflow from exchanges in 6 months
— IntoTheBlock (@intotheblock) October 28, 2022