According to Robert Kiyosaki, Bitcoin will explode after this week's Fed pivot. As a result, the author urged people to buy more BTC.
The much-awaited Fed pivot event will happen this week, and market pundits have been upbeat lately. The US FOMC is expected to begin its easing cycle on 18th September.
‘Bitcoin, gold, silver prices about to EXPLODE…When Fed PIVOTS and real assets go up in price, as fake money leaves fake assets such as US bonds, fleeing to real assets such as real estate, gold, silver, and Bitcoin.”Kiyosaki further urged his followers to buy more BTC before the Fed begins its easing cycle.This will be the first rate cut in four years, and market observers will have primed risk assets for potential wins.
In short, money inflation will dent the dollar’s value, forcing users to seek alternatives like gold, BTC, or silver. This massive inflation could quickly push BTC to $10 million per coin,In the meantime, BTC was back to $60K after two weeks of struggling below the psychological level. After last week’s US economic data, the markets were pricing a 50/50 chance of a 25/50 bps Fed rate cut. How the market will react to the Fed’s pivot in the short term remains to be seen.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with charts and patterns, he's interested in making the intricate, complex landscape of digital assets more palatable for every user.Subscribe to get it daily in your inbox.
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