“Rich Dad Poor Dad” Author Alerts Bitcoin (BTC) Crash on Valentine’s Day
Renowned writer and entrepreneur Robert Kiyosaki addressed the public with an opinion on the current situation in the markets, voicing rather pessimistic expectations for the upcoming Valentine’s Day.
The author of the best-selling book Rich Dad Poor Dad, based on a report by Stansberry Research, claims that next Tuesday, February 14, will turn into a real carnage in the financial markets, making reference to the infamous mafia action in the title. Al Capone gang in the late 1920s
Like 94 years ago, this Valentine’s Day will have its own actors, but this time in the form of inflation data. So, February 14 is the day of the publication of the latest consumer price index in the United States. As a marker of inflation, the index will indicate the future direction of the monetary policy of the US Federal Reserve and will directly affect the quotes of financial assets and especially the most risky ones, i.e. cryptocurrencies.
Kiyosaki expects the price of all assets to fall, including his favorite gold, silver and bitcoin (BTC), but urges not to panic. However, there is good news, as the market crash will provide an opportunity to buy more of the right financial instruments in exchange for “fake” dollars, the author writes.
Credit : u.today