“Rich Dad Poor Dad” Author Says Virus Will Send Bitcoin Soaring

Bitcoin (BTC) lastly stands to go parabolic after the coronavirus ends, the author of the world’s bestselling personal finance e ebook says.

In a tweet on April 15, Robert Kiyosaki, who penned “Rich Dad Poor Dad,” argued that the coronavirus pandemic was “good” for Bitcoin.

The largest cryptocurrency, which has broadly stabilized since crashing to $3,700 in mid-March, is now one in all many “most interesting investments” obtainable. “US gov printing $10 trillion in FAKE US $ to keep away from losing US. FED printing $10 trillion to keep away from losing SHADOW Banks,” Kiyosaki summarized. He added: “Dollar in BULL market for now. When $ BEAR market begins GOLD SILVER BITCOIN parabolic. Best investments right now. DO NOT MISS OUT.” The favored submit capitalized on a narrative that has transform increasingly more prevalent amongst Bitcoin supporters and extra afield. No matter tens of hundreds of thousands looking for unemployment benefits, stock markets are paradoxically rising.

The reply is Bitcoin, which Kiyosaki not too way back highlighted a way to opt-out of the fiat model. “The rationale I endorse Bitcoin is just for one frickin' goal: You’re not part of the system”

Gold, within the meantime, has already beloved a big improve to shut its all-time highs from 2011. Even silver, which is far much less “onerous” as money than gold and Bitcoin, has beloved a strong resurgence since March.

Bitcoin is the “hardest” kind of money, because it’s the primary kind of money that humanity can’t manipulate to provide additional shortly. In distinction to gold, manufacturing of which is restricted solely by human time, it moreover has absolute scarcity.

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