Robert Kiyosaki, renowned author of “Rich Dad Poor Dad,” believes that Bitcoin is set for a significant surge following the U.S. Federal Reserve’s expected interest rate cuts. According to Kiyosaki, as money flows out of bonds and other assets, it will move into Bitcoin, gold, and silver, leading to massive price increases. Here are the details…
Kiyosaki Awaits Fed’s Big Move
This week is expected to bring major market movements as the Federal Reserve prepares for its long-anticipated pivot. Market experts are increasingly optimistic in recent days, with the Federal Open Market Committee (FOMC) planning to initiate an interest rate cut cycle on September 18. This would mark the first rate cut in four years, potentially triggering significant impacts on financial markets and driving up the prices of risk assets.
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
Kiyosaki believes this pivot will present a golden opportunity for Bitcoin (BTC) and gold. He suggests that as the Fed lowers interest rates, the value of “real assets” like Bitcoin, gold, and silver could skyrocket. In his words, “Bitcoin, gold, and silver are about to explode. Once the Fed pivots, fake money like U.S. bonds will move out, and real assets like real estate, gold, silver, and Bitcoin will take their place.”
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Will Inflation Drive Bitcoin’s Price Higher?
Kiyosaki advises his followers to accumulate more Bitcoin before the Fed starts cutting rates. He predicts that assets like Bitcoin, which serve as a hedge against inflation, will experience significant price increases when the Fed begins its rate-cutting cycle. He emphasizes, “Buy more gold, silver, or Bitcoin before the Fed pivots.” According to Kiyosaki, this period presents a major opportunity for investors to capitalize on.
Kiyosaki has also voiced concerns about the U.S.’s unsustainable debt levels. He has previously argued that Bitcoin and other “real assets” will benefit from the U.S. debt crisis. On September 13, he warned that no president could resolve the U.S. debt problem. In his view, the U.S. dollar is “trash” and people should accumulate Bitcoin and gold instead. “The dollar is trash. Stop hoarding dollars… hoard gold, silver, Bitcoin… real money,” Kiyosaki remarked, highlighting that the dollar is losing value against inflation.
Novogratz Shares Similar Views
Mike Novogratz, CEO of Galaxy Digital, shares a similar outlook. In March, Novogratz argued that the U.S. debt is increasing by $1 trillion every 100 days, pushing Bitcoin toward a highly valuable position. Novogratz believes the massive U.S. debt burden will devalue the dollar and push investors toward alternatives like gold, Bitcoin, and silver. Kiyosaki, in July, even suggested that this inflationary pressure could drive Bitcoin to reach $10 million.
Meanwhile, Bitcoin has returned to the $60,000 level after dipping below it for two weeks. Recent U.S. economic data has led markets to price in a 25 to 50 basis point (bps) rate cut by the Fed. However, how markets will react to the Fed’s pivot in the short term remains uncertain. Analysts believe that the beginning of the Fed’s rate-cutting cycle could spark a new wave of growth for risk assets.
With the anticipated rate cut cycle approaching, Robert Kiyosaki is urging investors to seize the moment and accumulate Bitcoin, gold, and silver before the Fed makes its move. Kiyosaki and Novogratz agree that inflation and debt concerns will push more investors toward Bitcoin, potentially triggering a massive price surge. As the market braces for the Fed’s next move, investors should closely watch how risk assets like Bitcoin perform in the coming weeks.
