• Global markets have plunged over the past few months as central banks around the world raised interest rates to curb rising inflation
Robert Kiyosaki, the famous author of the finance book Rich Dad Poor Dad, said in a recent tweet that if the US Federal Reserve continues to hike its interest rates, bitcoin, gold and silver prices will be a buying opportunity amid a strong US dollar. May be. Bid to tackle inflation.
“Buying Opportunity: The US$ will strengthen if the Fed continues to raise interest rates, which will bring down the price of gold, silver and bitcoin. Buy more. When the Fed changes and drops interest rates, like in England. You will smile while others cry. Take care," Kiyosaki said in a tweet during the weekend.
Global markets have plunged over the past few months as central banks around the world raised interest rates to curb rising inflation. Risk assets such as cryptocurrencies have been particularly hard hit as bearish fears mount.
The dollar began its rise in the first half of the year, and has recently accelerated as investors reward countries whose central banks act aggressively to contain inflation.
In September, the Fed raised rates for the fifth time this year and indicated that additional large increases are likely. Federal Reserve officials raised interest rates by 75 basis points for the third time in a row and predicted they would reach 4.6% in 2023, stepping up their fight to contain inflation that hit the highest levels since the 1980s. remains near. The Fed action is also taking place against a backdrop of tightening measures by other central banks to counter heightened price pressures around the world.
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