After the Fed raised interest rates higher than before. Make the dollar strengthen right now. causing the currencies around the world to depreciate Especially with the British pound falling sharply like never before.
Despite the strength of the dollar, author Robert Kiyosaki ‘Rich dad teaches kids’ believes dollar won’t last long
“I believe the dollar will lose below the pound in January 2023 in order to seize that opportunity. I have turned into silver which is something that can compete with the dollar.”
the market may crash
Earlier, Robert Kiyosaki had warned that the global market could fall sharply. and suggest that investors should invest in Bitcoin Before this dollar was worthless.
And earlier, Mr. Robert Kiyosaki also said thatThe dollar is counterfeit. and advise investors to choose to invest in silver which he expected the price to go up to $500.
Right now, fiat currencies are depreciating. Due to the impact of the Fed’s policy of raising interest rates continuously in order to solve the problem of rising inflation.
What is interesting is After the dollar is strengthening. Most investors have invested in Bitcoin as a hedge against inflation. And recently, Finbold has reported that the pound and euro have now hit Bitcoin at record highs.
Bitcoin and dollar
recently Bitcoin trading volume has hit a 3-month high. Although the price of Bitcoin is $19,000
This shows that more investors are turning to Bitcoin as a hedging tool. But at the same time, it may mean more investors speculating on the market.
In general, the price of Bitcoin and the stock market is correlated by Finbold media.reportNow that the dollar and Bitcoin are competing to be the best growing asset.
Source: Fineball