Prior to the ongoing recession, there were skeptics saying that Bitcoin would perform poorly in one.<\/p>\n
When the stock market crashed at the end of 2018 due to the Federal Reserve announcing it put its balance sheet on “autopilot,” so did BTC, tumbling from the $6,000s to $3,150. Hence, when the recession began earlier this year, some expected the worse.<\/p>\n
Yet there have been a growing number of prominent names in finance and business saying that despite the poor economic conditions, Bitcoin is poised to outperform due to its set of properties as a form of money \u2014 namely BTC’s scarcity and decentralized nature.<\/p>\n
It has been hard to miss the recent tweets from Robert “Rich Dad” Kiyosaki \u2014 the Vietnam war veteran turned prominent businessman.<\/p>\n
The businessman \u2014 who is best known for his book \u201cRich Dad Poor Dad” \u2014 has been calling out Wall Street, the government, our central banks, and other institutions every day for the past few weeks.<\/p>\n
Kiyosaki did so once again<\/a> on May 24th, when he noted that the Mall of America is falling behind on its $1.4 billion mortgage, raising the question: “who is not getting paid?”<\/p>\n MALL of AMERICA in Minnesota announced it will miss 2nd payment on its $1.4 billion mortgage. An intelligent question is \u201cWho is not getting paid?\u201d Dominos starting to fall. IMF says debt will rise from $6 trillion to $66 trillion by end of 2020. Buy Gold Silver & Bitcoin.<\/p>\n — Robert Kiyosaki (@theRealKiyosaki) May 24, 2020<\/a><\/p><\/blockquote>\n\n