Kiyosaki has always been supporting Bitcoin. In August, he urged Twitter followers to buy the crypto before a “major banking crisis”. Now, while Bitcoin is gaining strength as a long-term investment, Kiyosaki calls the public to buy it again.
The world is now looking for the effective COVID-19 vaccine, with over 170 teams of researchers racing to develop the drug. The virus has seriously shattered economies worldwide, and some believe there will be even more negative consequences in the future. Robert Kiyosaki, the founder of Rich Global LLC and the Rich Dad Company and the author of “Rich Dad Poor Dad” book, said that the U.S. is already ‘bankrupt’ with $27 trillion national debt. He has also made some noteworthy predictions about the future of Bitcoin (BTC). Kiyosaki says the COVID-19 vaccine race will have an impact on Bitcoin. According to Kiyosaki, when the COVID-19 vaccine is ready, Bitcoin, as well as silver and gold, will crash. And this plummet will be a buying opportunity for investors.
What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.
— therealkiyosaki (@theRealKiyosaki) September 15, 2020
Kiyosaki has always been supporting Bitcoin. In August, he urged Twitter followers to buy the crypto before a “major banking crisis”. Now, as Bitcoin is gaining strength as a long-term investment, Kiyosaki calls the public to buy it again.
RT host Max Keiser has a similar opinion. He believes that cryptos and precious metals are now the safest assets. Speaking of dollar weakness and Fed’s current policy, he mentioned Berkshire Hathaway CEO Warren Buffett who is exiting U.S. banking investments and buying gold.
“What’s Warren Buffet doing? Warren Buffett has a huge cash position, he’s recently moved into gold stock, which is a very different kind of investment than he’s used to making over the past decades, and as of this week he’s now got a big position in Japanese stocks. He’s getting out of the dollar; I think that’s pretty clear. That should be a red flag to folks out there — that one of the world’s most successful investors is getting out of the dollar”.
U.S. New COVID-19 Stimulus Proposal and Bitcoin
By the end of September, the U.S. Senate may sign a new stimulus proposal bill that includes direct payments. And Bitcoin may benefit from it. There are no restrictions on how Americans can spend the stimulus package. Therefore, some used the previous payment to invest in stocks and crypto. And obviously, those who have been buying Bitcoin with their U.S. stimulus package may now buy more once the Senate approves it.
Notably, U.S. economists are pushing the government to introduce direct payments that are fast and effective.
Natalie Foster, the co-chair of the Economic Security Project, said:
“Direct checks are the most effective, fastest way to support American families. In the last six months, we received one $1,200 payment, which is not enough.”
The Senate is unlikely to pass a proposal unless it includes individual checks and a package for small businesses.
Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.