Three financial experts are listing cryptocurrencies available for purchase now, with the view that US pressure on crypto will backfire.
Chris Burniske: Cryptocurrencies were built for this moment when global banking credibility was shaken
Chris Burniske, partner at Place Holder and former head of crypto at Ark Invest, believes US pressure on crypto will backfire. Burniske recently stated in a TV interview with The Exchange that now is the time to buy Bitcoin and Ethereum.
Burniske talks about how people were skeptical of the crypto industry from the start. He says that Bitcoin was built for environments like the current financial crisis. However, Burniske was not alone; two other financial experts, Mike McGlone and Robert Kiyosaki, share their thoughts on cryptocurrencies amid the current financial crisis where banks are crashing…
Mike McGlone says crisis paves the way for cryptocurrency bull
In another interview, Bloomberg senior commodity strategist Mike McGlone recently stated that the banking crisis was a catalyst for the crypto bull run. McGlone reminds us that Bitcoin was born from the last financial crisis in 2008-09.
Bloomberg analyst thinks that Bitcoin did a pretty good job bouncing above the $25,000 resistance. He underlined that Bitcoin has become more like gold and US Treasury Bonds, but in a higher beta.
Robert Kiyosaki proposes two cryptocurrency giants
Robert Kiyosaki, author of Rich Dad Poor Dad, talked about why he bought a ton of Bitcoin when he was only $6,000 in a recent VladTV interview. He also mentioned that Warren Buffett is “stupid” when it comes to Bitcoin and cryptocurrencies. Kiyosaki talks about Bitcoin and Ethereum being a great buying opportunity.
Kiyosaki said that he never saved dollars and instead bought gold, silver, Bitcoin and Ethereum. Overall, these financial experts suggest that now is a good time to invest in cryptocurrencies.
cryptocoin.comAs you follow, Kiyosaki has been warning about an impending economic crisis for a while. He has repeatedly said that he will buy gold, silver and Bitcoin before the crisis.
Bitcoin exceeds $ 28,500 again
At the time of writing, the price of Bitcoin has once again climbed above the $28,000 level. Following this rise, 1,500 Bitcoin short positions betting on the downside were liquidated.
The spike came thanks to exchanges where a short band “exploded” to remove resistance and allow higher highs to bounce back.
According to analytics resource Coinglass, total BTC short liquidations for March 29 were approximately $20 million at the time of this writing.
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