Robert Kiyosaki foresees the bullish scenario for Bitcoin and Gold as the pandemic is overcome
Continuing the public support for Bitcoin, “Rich Dad Poor Dad” author Robert Kiyosaki says Bitcoin, gold and silver will gain big after the pandemic is over. The price of Bitcoin will finally go parabolic after the coronavirus is over, says the author of the world’s best-selling personal finance book.
In an April 15 tweet , Robert Kiyosaki, author of " Rich Dad Poor Dad ," argued that the coronavirus pandemic was "great" for Bitcoin. The largest cryptocurrency, which has largely stabilized since plummeting to $3.700 in mid-March, is now one of the "best investments" available.
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The popular publication capitalized on a narrative that has become increasingly common among Bitcoin supporters and beyond. Even as millions seek unemployment benefits, stock markets are paradoxically rising. “ The US government is printing $10 trillion in fake money to save us. The Fed is printing $10 trillion to save shadow banking ,” Kiyosaki summarized. He then added:
The dollar is currently in a bull market. When the bear market begins, Bitcoin, silver, and gold will experience parabolic movements. The best investments today. Don't miss out.
Theories abound regarding how governments and central banks are using the coronavirus to create what Max Keiser calls "neofeudalism." Central banks buying stocks, under dubious legal pretexts, enrich a minority and keep major market players financially optimistic while everyone else loses. The solution is Bitcoin, which Kiyosaki recently highlighted as a way to opt out of the fiat model. " The reason I endorse Bitcoin is for one reason only: you're not part of the system ," he said.
Meanwhile, gold has already enjoyed a strong push to near its all-time highs since 2011. Even silver, which is less “hard” than gold and Bitcoin, has seen a strong resurgence since March.
However, as noted by Saifedean Ammous, author of the popular book “The Bitcoin Standard,” silver is ultimately easy to produce compared to gold and therefore cannot constitute an attractive money solution. Bitcoin is the “hardest” form of money, as it is the first form of money that humanity cannot manipulate to produce more quickly.
This article was made strictly for informational purposes, newsworthy and does not represent in any case an investment advice.
