Bitcoin (BTC) Advice From The World Famous Economy Writer!

World-renowned economics writer and financial markets expert Robert Kiyosaki, FEDWhile continuing his harsh criticism of Bitcoin (BTC) and shared his thoughts on some other beings once again.

Robert Kiyosaki Gives Recommendations for Bitcoin While Strongly Criticizing the FED

According to Kiyosaki, the Fed has failed and will continue to raise interest rates. This will cause commodity assets and BTC to fall.

Also, according to the author, in January 2023 the FED will turn around and start lowering the interest rate, which will cause the dollar to collapse and BTC, silver and gold will cause prices to rise.

Kiyosaki said in a tweet yesterday:

‘The US dollar will strengthen if the FED continues to raise interest rates. This will cause the prices of gold, silver and Bitcoin to fall. You buy more of these products. When the Fed cuts interest rates like the UK did, you’ll laugh while others cry.

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

— therealkiyosaki (@theRealKiyosaki) October 2, 2022

Latest Situation in Crypto Market

The situation in the cryptocurrency market remains uncertain. October is known as a period that moves with optimism after September, which was generally negative in previous years, and is therefore called an Uptober.

On the other hand, uncertainty continues in the market due to the tight monetary policy that the FED has historically tried to prevent high inflation.

This week, FED officials have a series of events and speeches that could cause high volatility.

In addition, the banking giant with rumors of bankruptcy today Credit SuisseNews from , also puts additional pressure on cryptocurrencies.

*Not investment advice.