According to Robert Kiyosaki author of Rich Dad Poor Dad, the world’s bestselling personal finance book said that Bitcoin stands to go parabolic after the coronavirus cover-19 ends, in a tweet on April 15 and argued that the coronavirus pandemic was “great” for Bitcoin. Bitcoin beats precious metals’ credentials and the solution is Bitcoin, which Kiyosaki highlighted is a way to opt-out of the fiat model. “The reason I endorse Bitcoin is just for one reason: You’re not part of the system,” he said. Gold, meanwhile, has already enjoyed a major boost to near its all-time highs from 2011. Even silver, which is less “hard” as money than gold and Bitcoin, has enjoyed a strong resurgence since March. The U.S. Federal Reserve could be the surprising suspect that gives Bitcoin a serious price boost in the months ahead. Although the central bank may not directly help the benchmark cryptocurrency, their actions to save the U.S. equities market from seeing a full meltdown appear to be working, leading some analysts to note that a rebound to fresh highs could come as soon as 2021. If the benchmark indices do recapture their previously established all-time highs next year, this would be a highly bullish occurrence for Bitcoin due to its firm status as a risk-on asset. The U.S. EQUITIES MARKET SHOWS SUBTLE SIGNS OF STRENGTH DESPITE ECONOMIC TURBULENCE. The stock market is holding up fairly well – considering that the Coronavirus pandemic has brought the global economy to a virtual standstill.Currently, the S&P 500 is trading down just under 12% from where it began the year, with it posting a notable 10% rebound throughout the past month. Will Bitcoin see Rocketing New User Inflow: Will Looming Economic Crisis Spur Adoption? Bill introduced Under the Emergency Money for the People Act, US citizens who are 16 or older – and make less than $US130,000 a year – would receive cash payments from the federal government for at least six months and until unemployment falls to pre-pandemic levels. References: https://twitter.com/theRealKiyosaki/status/1249566771406749703 https://twitter.com/therealkiyosaki/status/1250414727609470978 https://twitter.com/therealkiyosaki/status/1250498977364979712 https://ift.tt/2VMi57R https://ift.tt/2RGH3nw https://twitter.com/theRealKiyosaki/status/1249573472302280704 House Democrats introduce plan to pay Americans $2,000 a month until economy recovers from COVID-19 https://ift.tt/3bg6lRt Bitcoin Sees Rocketing New User Inflow: Will Looming Economic Crisis Spur Adoption? https://ift.tt/3bfotuu Altcoin Buzz Free Newsletter: https://ift.tt/2KaADZC Sign up for Crypto.com and We Both Get $50 USD https://ift.tt/2P7Alq9 Sign up for eToro https://ift.tt/2KxN3uI Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://ift.tt/2EyHESp Telegram: https://ift.tt/2DJ5Uhp #Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano #btcusd #btcprice Disclaimer The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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