Advertisement
AD

Main navigation

Bitcoin Is Good to Buy Before FED Pivots and Stops Hiking Rates: Robert Kiyosaki

Advertisement
Sat, 29/10/2022 - 8:51
Bitcoin Is Good to Buy Before FED Pivots and Stops Hiking Rates: Robert Kiyosaki
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Contents
Advertisement

Renowned investor and entrepreneur, Robert Kiyosaki, who is also famous as author of books on financial literacy (“Rich Dad, Poor Dad” is the best-known of them) has again posted a tweet, in which he praises Bitcoin, saying that the Fed Reserve is gradually killing the US economy.

So it is a good time to “buy Bitcoin, silver and gold”, per his tweet.

Raising interest rates will kill economy

Stocks, bonds and real-estate will crash, he insists. The reason for this is that the Fed Reserve continues to raise interest rates and it “will kill the economy”, Kiyosaki tweeted.

The prices of gold and silver are plunging, he pointed out. Silver is out of stock, so the “Rich Dad, Poor Dad” author is purchasing physical gold coins. One day, Kiyosaki is sure, Fed will pivot, and before than gold, silver and Bitcoin are good to buy, he stated.

In a tweet published a week ago, Kiyosaki warned Bitcoin investors not to waste time on skeptics and buy BTC as he expects the USD to be finished soon thanks to the regular dollar printing the USD government has been performing since 2020, when the pandemic hit the world.

Back in that year, more than $6 trillion USD were printed and injected into the economy in the form of survival cheques worth $1,200.

Related

Bitcoin reclaims $20,800, CEX outflows surge

Over the past 24 hours, the flagship cryptocurrency managed to surge from the $20,200 level and went up as high as $20,882 at the time of this writing, according to data shared by CoinMarketCap.

In the meantime, traders continue to withdraw staggering amounts of Bitcoin from centralized exchanges. The balances on those platforms at the moment are down to 8.3 percent – this low Bitcoin supply on exchanges was last seen four years ago, according to a recent tweet of Santiment data aggregator.

As reported by IntoTheBlock, on Friday, October 28, the largest single amount of Bitcoin – more than 70,000 BTC – was withdrawn. It was evaluated at $1.53 billion and was the largest single outflow over the past half a year.

Crypto blogger Colin Wu tweeted a day earlier that 51,000 Bitcoins were moved from Binance. However, he assumed that was likely to be an internal Binance move of funds.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD