Covid-19 vaccine will spark Bitcoin 'crash'

Published on by Cointele | Published on

Bitcoin will "Crash" when the world finds a coronavirus vaccine that works, popular author Robert Kiyosaki claims.

Kiyosaki: vaccine "Crash" will be Bitcoin buying opportunity.

"What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity," he wrote.

"Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations," the tweet reads.

"Gold silver Bitcoin best investments long term."

The argument in favor of long-term investment in Bitcoin has become more and more public since March's cross-asset market crash.

As Cointelegraph reported, weakness in the U.S. dollar currency index has buoyed Bitcoin and gold in recent months, underscoring inverse correlation which remains a major consideration for traders.

Kiyosaki meanwhile remains an outspoken supporter of Bitcoin, whatever the weather.

"He's getting out of the dollar; I think that's pretty clear. That should be a red flag to folks out there - that one of the world's most successful investors is getting out of the dollar."

Keiser forecast that Bitcoin would hit a new all-time high in the near future as the current economic situation plays out.