Robert Kiyosaki, the author of the book “Rich Dad Poor Dad”, once again expressed his trust in scarce products such as gold and silver on Twitter. The famous author of “The dollar is dying” finds the policies of the US Federal Reserve wrong.
“US dollar is dying,” gold and buy them
Kiyosaki tweeted that a series of actions by the US government has led to the death of the US dollar, including the US borrowing too much, increasing inflation and, as a result, rising interest rates. The famous author believes that the prices of Bitcoin, gold and silver will increase significantly in the coming periods. For the past two years, entrepreneur and finance guru Kiyosaki has been talking about these three assets as their most important assets. Kiyosaki said of the September 18 tweets that made the headlines again:
The US borrows too much and keeps interest rates low. Low interest rates force the US to borrow more to buy more US Bonds to keep interest rates low. This causes inflation. Forcing interest rates to increase makes borrowing more expensive. The US dollar is dying. Get gold, silver and Bitcoin.
On Saturday, Kiyosaki shared the same sentiment, noting that Bitcoin is now as relevant as ever, as actual inflation has increased by 16% instead of the announced 7%. He also said in this tweet that US debt is rising rapidly and that the Federal Reserve’s recent rate hikes will devastate the American economy.
Kiyosaki praises BTC’s programmed stability
One of the reasons Kiyosaki got into Bitcoin in the first place, in an interview with VC investor and Bitcoin supporter Anthony Pompliano two years ago, is the computer-programmed certainty of BTC. He mentioned the Bitcoin halving, which happens every four years and splits the rewards of miners for solving computer problems. Also, Bitcoin has a fixed supply of 21 million coins and cannot be exchanged unless more than half of the miners accept it.
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