Chris Burniske, a partner at Place Holder and former crypto head of Ark Invest, believes that 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. He stated that people have laughed at and ridiculed the crypto industry from the beginning. Burniske mentioned the current financial turmoil and stated that Bitcoin was built for moments like this.
However, it is not just Burniske; two other finance experts — Mike McGlone and Robert Kiyosaki — also share their thoughts on cryptocurrencies amid the current financial crisis with banks collapsing.
In another interview, Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, recently stated that the banking crisis is a catalyst for the crypto bull run. McGlone asserted that Bitcoin was born out of the last financial crisis in 2008-09.
McGlone stated that Bitcoin had done pretty well, bouncing above the $25,000 resistance. He highlighted that Bitcoin is becoming more like gold and US Treasury Bonds, but in a higher beta version.
Robert Kiyosaki, the author of Rich Dad, Poor Dad, spoke on VladTV about why he bought a ton of bitcoin when it was only $6,000. He also spoke about why Warren Buffett is an “idiot” on Bitcoin and cryptocurrencies. Kiyosaki mentioned that Bitcoin and Ethereum are great buying opportunity.
Kiyosaki mentioned that he never saves in dollars and instead buys gold, silver, bitcoin, and ether. He also stated that he doesn’t particularly like it, but it has value. Overall, these financial experts suggest that now is a good time to invest in cryptocurrencies.
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Source: Cryptocurrency - investing.com
