Bitcoin along with silver and gold stands to benefit from the rising interest rates and United States dollar, author of Rich Dad Poor Dad Robert Kiyosaki, tweeted.
Calling the assets a “buying opportunity,” the businessman quoted, “When FED pivots and drops interest rates as England just did you will smile while others cry. Take care”
The day before, Kiyosaki said in an article that this “flip” might occur as early as January 2023, causing the U.S. dollar to “fall” in a manner similar to the newly devalued British pound.
Will the American dollar adopt the British pound sterling? It will, I think. After the Fed pivots, the US currency will crash, in my opinion, by January 2023, Kiyosaki predicted, adding that he “will not be a victim of the F*CKed FED.”
As reported by TronWeekly, the number of currencies leaving exchanges for Bitcoin was among the greatest in the previous three months. According to Santiment, 34700 BTC coins departed exchanges on September 30th, possibly indicating trader optimism heading into the fourth quarter.
“The last time at least this much $BTC left exchanges was June 17th, where prices jumped +22% the next 4 weeks”, the online data platform noted.
Bitcoin may experience significant corrections in 2022, but investor interest in the asset has increased. BTC’s trading volume has continually increased as the top cryptocurrency appears to live up to expectations of being a safe haven asset in the face of high inflation.
Bitcoin Has A 50-50 Chance Of Falling To Zero
However, commodities trader Peter Brandt is still standing by his long-standing forecast that the price of Bitcoin may eventually fall to zero. The chartist continues to think that there is a 50% possibility that such a disastrous event will occur.
The largest cryptocurrency, according to Brandt, has an equal probability of rising to a value of $250,000, noting that it has an “asymmetrical reward-to-risk trade.”
Even though the biggest cryptocurrency has been there for a while, there are always those who believe it will eventually vanish from existence.
The biggest critic of all time is Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s right-hand man, who recently stated that Bitcoin was “extremely likely” to reach zero and that it was also “dumb” and “evil.”