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Robert Kiyosaki Says Bitcoin Will ‘Crash’ after COVID-19 Vaccine Is Found

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Kiyosaki has always been supporting Bitcoin. In August, he urged Twitter followers to buy the crypto before a “major banking crisis”. Now, while Bitcoin is gaining strength as a long-term investment, Kiyosaki calls the public to buy it again. 

The world is now looking for the effective COVID-19 vaccine, with over 170 teams of researchers racing to develop the drug. The virus has seriously shattered economies worldwide, and some believe there will be even more negative consequences in the future. Robert Kiyosaki, the founder of Rich Global LLC and the Rich Dad Company and the author of “Rich Dad Poor Dad” book, said that the U.S. is already ‘bankrupt’ with $27 trillion national debt. He has also made some noteworthy predictions about the future of Bitcoin (BTC). Kiyosaki says the COVID-19 vaccine race will have an impact on Bitcoin. According to Kiyosaki, when the COVID-19 vaccine is ready, Bitcoin, as well as silver and gold, will crash. And this plummet will be a buying opportunity for investors.

Kiyosaki has always been supporting Bitcoin. In August, he urged Twitter followers to buy the crypto before a “major banking crisis”. Now, as Bitcoin is gaining strength as a long-term investment, Kiyosaki calls the public to buy it again.

RT host Max Keiser has a similar opinion. He believes that cryptos and precious metals are now the safest assets. Speaking of dollar weakness and Fed’s current policy, he mentioned Berkshire Hathaway CEO Warren Buffett who is exiting U.S. banking investments and buying gold.

Keiser said:

“What’s Warren Buffet doing? Warren Buffett has a huge cash position, he’s recently moved into gold stock, which is a very different kind of investment than he’s used to making over the past decades, and as of this week he’s now got a big position in Japanese stocks. 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”.

U.S. New COVID-19 Stimulus Proposal and Bitcoin

By the end of September, the U.S. Senate may sign a new stimulus proposal bill that includes direct payments. And Bitcoin may benefit from it. There are no restrictions on how Americans can spend the stimulus package. Therefore, some used the previous payment to invest in stocks and crypto. And obviously, those who have been buying Bitcoin with their U.S. stimulus package may now buy more once the Senate approves it.

Notably, U.S. economists are pushing the government to introduce direct payments that are fast and effective.

Natalie Foster, the co-chair of the Economic Security Project, said:

“Direct checks are the most effective, fastest way to support American families. In the last six months, we received one $1,200 payment, which is not enough.”

The Senate is unlikely to pass a proposal unless it includes individual checks and a package for small businesses.

Bitcoin News, Commodities & Futures, Cryptocurrency news, Market News, News

Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.





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Coin98 gains 1,200% after Binance listing, Ampleforth soars on Aave integration

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Few things in the cryptocurrency space generate more hype than a new token listing because the prospect of finding a rare 1000x coin continues to be a top goal of many crypto investors. 

Coin98 (C98) is the most recent example of this phenomenon after the Binance Smart Chain-based decentralized finance (DeFi) solution rallied 1,200% from its initial coin offering price at $0.075 to $0.928 on its first day being listed on exchanges.

Coin98 is the 20th project to come out of the Binance Launchpad and describes itself as “a DeFi gateway for traditional finance users to access any DeFi services on multiple blockchains.”

Along with being listed on Binance, C98 is also available to trade on Gate.io and MEXC Global and token holders can also earn a yield through staking and liquidity pool options on PancakeSwap (CAKE).

Altcoins post double-digit gains

Bitcoin’s (BTC) rally to $33,000 led to a prolonged boost in several altcoins and data from Cointelegraph Markets Pro and TradingView shows Ampleforth (AMPL), Amp (AMP) and Axie Infinity (AXS) as the top movers over the past 24 hours. 

Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

AXS’s month-long rally picked up steam again after the price rebounded from its lower support touch at $14 and the rally in AMPL demonstrates the benefit of cross-protocol integrations.

Related: Bull or bear market, creators are diving headfirst into crypto

According to Ampleforth’s Twitter, the new-found interest in AMPL is the result of the token being added to the AAVE DeFi ecosystem

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AMPL on July 19, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. AMPL price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ Score for AMPL first turned green on July 17 and climbed to a high of 75 on July 19, around 15 hours before the price increased 57% over the next three days.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.