Robert Kiyosaki, author of “Rich Dad Poor Dad,” has indicated that Bitcoin $88,385, gold, and silver prices could experience significant increases. In a recent statement on the social media platform X, Kiyosaki suggested that if the Federal Reserve lowers interest rates in the upcoming FOMC meeting, investors may shift away from currencies and towards “real assets,” leading to a rise in their prices.
Expectations of Fed’s Interest Rate Cuts
Kiyosaki stated, “Bitcoin, gold, and silver prices are set to explode… When the Fed lowers interest rates, the prices of real assets increase because investors move away from fake money, like U.S. bonds… The flight to real assets will favor real estate, gold, silver, and Bitcoin… The debate over which is better (gold or Bitcoin) is not crucial; it is similar to arguing about which car is superior: a Ferrari or a Lamborghini.”
Shift Towards Real Assets
He anticipates that investors will exit “fake” assets such as U.S. bonds and gravitate towards “real” assets like real estate, gold, silver, and Bitcoin. According to Kiyosaki, this transition could lead to a depreciation of fiat currency and an increase in the prices of value storage instruments.
The Federal Reserve is expected to lower interest rates by at least 25 basis points during the FOMC meeting on September 18. Kiyosaki has previously noted that diminishing confidence in the dollar will likely spur growth in value storage assets.
He remarked, “They know a long-term bull market is coming because faith and trust in fake money are eroding,” suggesting that history may repeat itself, pushing investors towards gold, silver, and Bitcoin.
As of the writing of this article, Bitcoin is trading at $58,495, reflecting a 2.72% decrease over the last 24 hours. Kiyosaki’s views highlight the potential impact of central bank policies on investor decisions. Possible interest rate cuts may drive investors towards riskier assets with higher return potential. However, due to the complexities and uncertainties of market conditions, it’s crucial for investors to consider various factors when making decisions.