The FEDS have been steadily increasing interest rates unlike ever before. Most fiat currencies have been struggling to cope with this, on the contrary, the US dollar has been flourishing. The British Pound has been performing poorly too.
Although many are pleased with the US dollar’s performance, Robert Kiyosaki warns on Twitter that it is only a matter of time before the US dollar crashes.
The author of ‘Rich Dad, Poor Dad’ predicts that this US dollar crash will occur in early 2023. He advises investing in Silver as an asset cushion for the upcoming US dollar crash.
Kiyosaki had earlier predicted a global market crash. He warned people of it and urged investors to bet their money on cryptocurrency to weather the storm.
This iconic author went as far as to call the US dollar ‘fake money’ and strongly promoted investment in silver. He expects the silver value to move in a bullish trend.
All other fiat currencies are struggling as central banks attempt to keep up with FED policies. Most experts believe that the FEDs will continue hiking the interest rates. Lowering interest rates will cause catastrophic inflation to take place.
Most investors are turning to Bitcoin as their hedge. A Finbold report claims that citizens in the United Kingdom and European Union are exchanging their fiat currencies for cryptocurrency at record levels.
Bitcoin trading volume has hit its highest record in the past three months despite being below the US $19,000. Investors are shifting from fiat currencies to cryptocurrencies, especially Bitcoin to cushion themselves. However, some investors are seeking to invest to profit from the arbitrage.
The purpose of Bitcoin has been heavily debated in recent years. The recent events work as evidence to support that Bitcoin’s potential of acting as a hedge against inflation. Bitcoin is now competing to be the best-performing cryptocurrency of 2022.
