Why does Robert Kiyosaki believe now is a ‘buying opportunity’ for Bitcoin investors

As the United States dollar strengthens and interest rates continue to rise, renowned billionaire and best-selling author Robert Kiyosaki has referred to Bitcoin, gold, and silver as a “buying opportunity.”

The author observed the prices of the three commodities, which are commonly referred to as “safe haven” assets, would continue declining as the US currency strengthened, confirming its value until the “FED pivots” and lowers interest rates in a tweet on October 2 to his 2.1 million followers.

BUYING OPPORTUNITY: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. BUY more. When FED pivots and drops interest rates as England just did you will smile while others cry. Take care

— Robert Kiyosaki (@theRealKiyosaki) October 2, 2022

The day before, Robert Kiyosaki said in an article that this “pivot” might occur as early as January 2023, causing the U.S. dollar to “crash” in a manner similar to the recently tarnished British pound. He said that he “will not be a victim of the F*CKed FED” with further adding:

“Will the US dollar follow English Pound Sterling? I believe it will. I believe US dollar will crash by January 2023 after Fed pivots.”

Robert Kiyosaki warned about massive money printing episodes

A supporter of asset classes that the Fed cannot directly influence since May 2020, Robert Kiyosaki once urged investors to “Get Bitcoin and save themselves” in the wake of the Fed’s sudden, massive money printing episodes in reaction to the COVID-19 outbreak.

According to Trading Economics, the U.S. dollar has gradually gotten stronger relative to other important world currencies during the past year, with declines in the GBP/USD, euro/USD, and Japanese yen/USD of 18.24%, 15.54%, and 23.33%, respectively.

At the same time, a 55% decline in the market cap of cryptocurrencies over the past 12 months has corresponded with the Fed’s interest rate hike and a strengthening USD.

CK Zheng, the co-founder of the hedge firm, predicted last month that BTC will experience “very volatile” trading in October.

“October is a pretty volatile period of time, especially when combined with high inflation, with a lot of debate in terms of the Fed and policy change. The concern is that if the Fed tightens too much, the U.S. economy may actually go into a severe recession.”

Notably, in October last year, Robert Kiyosaki forecasted historic market crash to come that time, which has been evidently correct till now.