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://u.today/rich-dad-poor-dad-author-regrets-not-buying-bitcoin-btc-back-in-2009
https://u.today/bitcoin-btc-beyond-feds-control-anyone-can-buy-fraction-rich-dad-poor-dad-author
https://twitter.com/theRealKiyosaki/status/1249573472302280704
House Democrats introduce plan to pay Americans $2,000 a month until economy recovers from COVID-19
https://www.businessinsider.com.au/americans-would-receive-2000-a-month-under-house-democrats-plan-2020-4?r=US&IR=T
Bitcoin Sees Rocketing New User Inflow: Will Looming Economic Crisis Spur Adoption?
https://www.newsbtc.com/2020/04/15/bitcoin-sees-rocketing-new-user-inflow-will-looming-economic-crisis-spur-adoption/

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