Covid-19 vaccine causes Bitcoin price to “fall,” says Rich Dad author Poor Dad

The price of Bitcoin (BTC) will fall when the world finds a working coronavirus vaccinesays popular author Robert Kiyosaki.

In one Tweet from September 15th Kiyosaki, famous for his book “Rich Dad, Poor Dad”, warned that a working solution to Covid-19 would cause safe haven assets to decline.

Kiyosaki: Vaccine “Drop” offers the option to buy Bitcoin

“What happens when the vaccine is tested? Gold, silver and bitcoin will fall. Buying opportunity, “he wrote.

Covid-19 vaccine causes Bitcoin price to “fall,” says Rich Dad author Poor Dad
Covid-19 vaccine causes Bitcoin price to “fall,” says Rich Dad author Poor Dad

Kiyosaki argued that The virus masked the “real” interests that were at stake for the US economy certain. With Debt of $ 26.7 trillion According to the United States National Debt Clock monitoring resource, much of which appeared of the stimulus measures since the Covid-19 pandemicthe country is now “bankrupt”.

“The real problem is NOT the pandemic. The real problem is the enormous US debt.. The United States is bankrupt. The debt balance is $ 28 trillion. $ 120 trillion is out of whack due to social obligations, “the tweet said.

“Gold, silver, and bitcoin are the best long-term investments.”

The talk of long-term investments in Bitcoin has become increasingly public since the cross-asset market crash in March.

Despite the current strength overall The US dollar is in a downward spiral that will only get worse thanks to the policies of the Federal ReserveAllegedly also intended to counteract the consequences of the coronavirus.

As Cointelegraph reported, The weakness of the US dollar index has boosted bitcoin and gold in recent monthsThis underscores the inverse correlation that traders continue to view as an important factor.

On Wednesday, the Federal Reserve will provide further comments on the future of its market share and further improve the outlook for dollar volatility.

Another trend highlights the BTC / USD pair rising as central bank debts around the world have skyrocketed this year.

Returns on macro investments in 2020

Return on macro-assets in 2020. Source: Skew

Keizer and Warren Buffett’s new warning

Meanwhile, Kiyosaki remains an outspoken Bitcoin fan, no matter what the weather. In August, urged Twitter followers to buy the cryptocurrency before a “major banking crisis” occurred.

The weakness of the dollar and the interference of the Federal Reserve in the economy They also served as an impetus for advice. Warren Buffett’s exit from US bank investments and buying gold were another red flag for the author.

“What is Warren Buffet doing? Warren Buffett has a huge liquidity position, he recently switched to gold stocksThis is a very different type of investment than I’ve been used to for the past few decades he has had a great position in Japanese stocks as of this week“RT presenter Max Keizer continued in an interview this weekend and often presented similar conclusions about the economy.

“It’s coming out of the dollar; I think that’s pretty clear. That should be a red flag for people out there for one of the most successful investors in the world to get out of the dollar.”

Also in August Keizer predicted that Bitcoin would hit a new all-time high in the near futureas the current economic situation evolves.

Don’t stop reading:

Similar Posts