Robert Kiyosaki, the founder of Rich Global LLC, said that he expects a big drop in Bitcoin, Gold, Silver and real estate markets in his post on his twitter account. Kiyosaki used the phrase "fake inflation" in his sentence, expressing his opinion that this discourse does not reflect the truth.
Robert Kiyosaki, the author of the book "Rich Dad Poor Dad" on the world of finance, claimed that the recently emphasized inflation discourse by the Federal Reserve (FED) will raise the fear index in financial markets, and as a result, a high rate of decline in the markets may be triggered.
Thinking that the inflation rhetoric will lead to a great decline in the markets, Kiyosaki claimed that this may create a buying opportunity and that the financial markets will recover after the fall.
The US inflation data released on December 10 was the highest inflation rate in the last 30 years. Inflation, which reached the record level of the last 30 years with 6.2% in November, reached a new record level with 6.8%. Fed Chairman Jerome Powell recently underlined that inflation in the US is not temporary and that this inflation may become permanent. In this context, the FED made some statements that asset purchases could be reduced.
With the announcement of the inflation rates, the leading cryptocurrency Bitcoin (BTC), which exceeded the price levels of $ 50,000 in a short time, lost some value immediately after its rise and could not continue its rise. Bitcoin, with its latest price movements, started to be traded at the price levels of $ 48,400.