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Kiyosaki: Bitcoin, gold and silver will soar in price

September, 19 2024
watermark Economic news

Robert Kiyosaki, author of the book «Rich Dad, Poor Dad», predicts significant growth of bitcoin against the background of easing monetary policy of the US Federal Reserve System. 


In his opinion, lower interest rates will force investors to move away from "fake assets" such as bonds and invest in real assets such as bitcoin, gold and silver.


In his post on the social network «X», Kiyosaki stressed that those who argue about the advantages of gold or bitcoin will lose when the Fed continues to cut rates and prices for real assets begin to rise. The author criticized the debate about which is better, gold or bitcoin, comparing them to people «arguing about a Ferrari or Lamborghini while on the bus.»


After the Fed's rate cut on Wednesday evening, bitcoin continued its recent rise. On Thursday morning, the main digital coin rose to 3-week highs at $62,645. Subsequently, the quotes partially rolled back – the current BTC/USD quote is $62,093.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.