View | "Rich Dad Poor Dad" Author: Bitcoin "people's currency", which can effectively protect against inflation

Recently, "rich dad" Robert Kiyosaki (Robert Kiyosaki) frequently tweeted about Bitcoin's optimistic views. The Vietnamese veteran is well-known for his book Rich Dad Poor Dad on financial investment and successful studies. He has always admired investment products such as Bitcoin, gold and silver.


Image source: visualhunt

His reasoning is simple: The Federal Reserve of the United States has been taking increasingly dramatic actions to avoid the collapse of the global economy.

Why “rich dad” is so optimistic about Bitcoin

With the spread of new coronaviruses around the world, governments and central banks have worked hard to stop the virus from affecting the economy.

The Fed has entered a state of speeding, printing billions of dollars in banknotes, bailing out companies in the form of buying corporate debt, and injecting liquidity into the capital market.

The American Investor Council has not ignored this collective approach to promoting economic stimulus. Take Robert Kiyosaki as an example. He even recently tweeted "Is the Fed bankrupt?" And said that the Corona Virus Relief Act passed by the US Congress gave the Fed billions of dollars.

The well-known financial educator added that, taking this into consideration, he believes that "buy more gold, silver and bitcoin" is wise.

The logic of Robert Kiyosaki making these remarks is that, unlike the fiat currency printed by the government, precious metals and bitcoin are scarce. In addition, as he pointed out earlier this month, Bitcoin is "the currency of the people."

Bitcoin price prediction

Although Robert Kiyosaki has made his position clear, he believes that the Fed's actions will be beneficial to Bitcoin, but he did not clearly disclose what level he predicted Bitcoin will rise to.

On the other hand, Arthur Hayes, CEO of BitMEX, also expressed some of his views. In the most recent newsletter "Crypto Trader Digest" published by BitMEX, Hayes explained that he believes that Bitcoin will still reach $ 20,000 by the end of 2020.

The CEO mentioned that the only catalyst for Bitcoin to reach US $ 20,000 at the end of 2020 is the economic stimulus policies set by the “Central Bank Group” and governments around the world. He expects this to lead to hyperinflation and be beneficial to gold and Bitcoin:

"Everyone knows that this shift is imminent, which is why central bank governors and politicians will use all means to solve this problem. I want to reiterate that this is inflation because more fiat currencies will chase Real goods and labor supply from flat to declining. "

Some people are even more optimistic; for example, Chamath Palihapitiya, one of Facebook ’s earliest executives and CEO of Social Capital, recently accepted Anthony Pang of Morgan Creek Digital In an interview, Anthony Pompliano said that as central banks try to get rid of the recession or deflationary spiral by printing money, Bitcoin is expected to rise to millions of dollars.