In September BTC showed more stability than stock indices and global currencies.

Bitcoin and other cryptocurrencies closed September relatively confidently, unlike the stock market, which is in one of its worst positions since the 2008 financial crisis.

BTC began September at just above $20,000. For the month, it recorded a loss of about -3.7%, while the S&P 500 Index fell 8.63%, its biggest monthly loss since March 2020. The Dow Jones index lost 8.28%, recording its worst performance since September 2002, and the 9.2% drop in the Nasdaq was the biggest crash since 2008.

At the same time, U.S. inflation remains at a 40-year high, despite repeated Fed rate hikes. The British pound has been among the most volatile currencies against the dollar, tumbling 5.6 per cent over the past seven days, and briefly hitting a record low this Monday of $1.0327.

Recently, a well-known investor and author of the book “Rich Dad Poor Dad” Robert Kiyosaki wrote about the fall of the pound and the dollar, and also advised investing in BTC and precious metals while they can be bought at the lowest prices.

“If FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. BUY more. When FED pivots and drops interest rates as England just did you will smile while others cry. Take care” – Robert tweeted.