According to Robert Kiyosaki, the Federal Reserve’s interest rate cuts could trigger a massive surge in Bitcoin. Kiyosaki believes money will shift from bonds and other assets to BTC, gold, and silver. Here are the details…
Kiyosaki Awaits the Fed’s Move
This week, markets are bracing for significant activity as the Federal Reserve prepares its long-anticipated pivot. Market analysts have grown optimistic recently, with the Federal Open Market Committee (FOMC) planning to initiate its first interest rate cut cycle in four years on September 18. Such a move could substantially affect financial markets, potentially boosting the prices of risk assets like Bitcoin.
Robert Kiyosaki, famous author of Rich Dad Poor Dad, views this Fed pivot as a major opportunity for Bitcoin and gold. Kiyosaki predicts that prices of “real assets” like Bitcoin, gold, and silver will skyrocket as the Fed starts lowering interest rates. He remarked, “Bitcoin, gold, and silver are about to explode… When the Fed pivots, fake assets like U.S. bonds will crash, and real assets like real estate, gold, silver, and Bitcoin will rise.”
Bitcoin, gold, silver prices about to
EXPLODE….As stated in my previous tweet…. you talkers….cowards discussing which is better…. Gold or Bitcoin…will be Big Losers… when Marxist Fed PIVOTS…cutting interest
rates…and real assets go up in price…as fake money leaves fake…
— Robert Kiyosaki (@theRealKiyosaki) September 14, 2024
Will Inflation Push Bitcoin Higher?
Kiyosaki advises his followers to accumulate Bitcoin before the Fed initiates its rate cuts. He believes that assets like Bitcoin, which protect against inflation, will experience significant value increases. His recommendation? “Buy gold, silver, or Bitcoin before the Fed pivots,” adding that this period offers major opportunities for investors.
Bitcoin’s Second Rate Cut in History: What Will Happen This Time?
Kiyosaki has also expressed concerns over the U.S.’s unsustainable debt levels. He previously stated that Bitcoin and other “real assets” stand to benefit greatly from this debt crisis. On September 13, he warned that U.S. debt would remain unmanageable regardless of which president is in power, claiming that the U.S. dollar has become “trash.” In his words, “The dollar is trash. Stop saving fake money and start accumulating gold, silver, and Bitcoin… real money.”
Novogratz Shares a Similar View
Mike Novogratz, CEO of Galaxy Digital, shares a similar outlook. In March, he noted that U.S. debt was increasing by $1 trillion every 100 days, a situation that would push Bitcoin to new highs. According to Novogratz, the country’s massive debt burden will weaken the dollar and drive investors toward alternative assets like gold, Bitcoin, and silver. In July, Kiyosaki predicted that this rampant inflation could send Bitcoin to $10 million.
Meanwhile, Bitcoin has recently regained the crucial psychological level of $60,000 after spending two weeks below it. With recent U.S. economic data, markets have begun pricing in a potential Fed rate cut of 25 to 50 basis points (bps). However, the short-term market reaction to the Fed’s pivot remains uncertain. Experts suggest starting the Fed’s rate-cutting cycle could spark a fresh rally for risk assets.