The price of cryptocurrency and the precious metal will crash when the coronavirus vaccine arrives, the author of the bestselling Rich Dad Poor Dad said. He advised using this opportunity to acquire BTC as one of the best investment assets.
The value of bitcoin, gold, and silver will collapse after the coronavirus vaccine appears, the economist and author of the bestselling Rich Dad Poor Dad Robert Kiyosaki wrote on his Twitter account. He is confident that such a fall will be an excellent opportunity to buy these assets, which remain the “best” long-term investment that will help protect capital from the economic problems of the United States associated with large national debt.
“What happens when a vaccine is found? Gold, silver, bitcoin will collapse. This is a buying opportunity. The real problem is not a pandemic. The real problem is the huge US debt. The USA is bankrupt. The debt rose to $ 28 trillion. Gold, silver, bitcoin are the best long-term investments, ”
To combat the economic consequences of the coronavirus, the United States has chosen a policy of stimulating the economy by issuing additional money supply. Such measures lead to the depreciation of the dollar. Therefore, Bitcoin, the emission of which is limited to 21 million coins, was considered a defensive asset during the crisis. As analyst Willie Wu noted, in 2020 large investors with capital from 1,000 to 10,000 BTC were buying up cryptocurrency in parallel with the growth of the USD money supply in circulation.
This is not the first time Kiyosaki has called for the purchase of cryptocurrency and precious metals. In February, the economist predicted a rise in bitcoin price to $ 75,000 over three years, and also called the US Federal Reserve System incompetent, as it is killing the country’s economy.