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As the US dollar rises, Robert Kiyosaki calls for crypto buying opportunity

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Rich Dad’s best-selling writer A U.S. dollar disaster could occur by January, in accordance to Poor Dad, who has beneficial buying Bitcoin and two different commodities.

As the US forex strengthens and rates of interest proceed to rise, businessman and best-selling writer Robert Kiyosaki has referred to Bitcoin (BTC), silver, and gold as a “buying opportunity.”

The writer noticed the costs of the three commodities, which are generally referred to as “safe haven” belongings, would proceed declining as the US forex strengthened, confirming its worth till the “FED pivots” and lowers rates of interest in a tweet on October 2 to his 2.1 million followers.

Kiyosaki tweeted:

“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”

The day earlier than, Kiyosaki mentioned in an article that this “flip” may happen as early as January 2023, inflicting the U.S. dollar to “fall” in a way related to the newly devalued British pound.

“Will the US dollar follow English Pound Sterling? I believe it will. I believe US dollar will crash by January 2023 after Fed pivots,” Kiyosaki mentioned, after which added he “will not be a victim of the F*CKed FED.”

A supporter of asset courses that the Fed can’t immediately affect since May 2020, Kiyosaki as soon as urged buyers to “Get Bitcoin and save yourselves” in the wake of the Fed’s sudden, large cash creation actions in response to the COVID-19 outbreak.

Interestingly, Kiyosaki continues to like Bitcoin regardless of not considering it has any worth, as he acknowledged in a latest Rich Dad interview. In his most up-to-date tweet, the writer seems to be supporting Bitcoin as soon as extra, writing:

“You will smile while others grieve when FED pivots and lowers interest rates as England recently did.”

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Kiyosaki emphasised the necessity to spend money on digital belongings in the present day in a letter he despatched to his mailing subscribers in September: “It’s not sufficient to WANT to get into crypto […] Before the largest financial disaster in historical past, this is the time you NEED to begin investing in cryptocurrencies.

According to Trading Economics, the U.S. dollar has step by step gotten stronger relative to different essential world currencies throughout the previous yr, with declines in the GBP/USD, euro/USD, and Japanese yen/USD of 18.24%, 15.54%, and 23.33%, respectively.

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

CK Zheng, the co-founder of the hedge agency, predicted final month that BTC will expertise “extremely tumultuous” buying and selling in October.

“October is a extremely risky month, particularly when excessive inflation is current, and there is lots of dialogue about the Fed and altering coverage. The fear is that the U.S. economic system might truly enter a extreme recession if the Fed tightens financial coverage excessively.

Other excessive performing belongings

What different excessive performing belongings ought to one spend money on? The house of P2E gaming has seen huge progress throughout the final crypto bull run, however even throughout this setting, some cash on this house might present large returns, reminiscent of the newly launched Tamadoge (TAMA) coin. The thought is related to Tamagotchi in that customers should purchase a pet, feed it, after which have interaction in fight with it as soon as it has grown up. Because it is a play-to-earn (P2E) platform, gamers could make cash whereas having enjoyable and shifting up the leaderboard by gaining Doge factors. TAMA is a meme coin with utility that shall be used to uncover all of the particular options of the platform.

Tamadoge was just lately listed on OKX, one among the hottest cryptocurrency exchanges in the world. This has brought on is to spike in value of hundreds of percent which is an unbelievable efficiency in the present setting.  Based on its reside market cap of over $60 million, Tamadoge is now the fifth largest meme coin behind Dogecoin, Shiba Inu, Dogelon Mars and Baby Doge Coin.

The Tamadoge staff is getting ready to launch a number of recent options, one among the most notable being the launch of the augmented actuality software program (AR app) in the fourth quarter of 2023. The skill to be shut to their pets whereas utilizing the app will make it a lot simpler for gamers to commit to sustaining their well-being.

While we consider in the potential of this coin, buyers are inspired to do their personal analysis earlier than investing. The full paper and roadmap for TAMA could be learn here.

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