US Fed policy will lead to an increase in the price of BTC to $ 75,000

According to Robert Kiyosaki, Bitcoin will be worth $75,000 in three years because of incompetent actionsThe US Federal Reserve (Fed) will lead the economy to ruin.

The author of the worldwide bestseller Rich Dad, Poor Dad tweeted on May 16 about his recent investments in physical assets - gold, silver, and bitcoin.

At the price of these three assets, he made three bold forecasts, citing the deplorable state of the economy and the Fed's anti-crisis measures as the main catalysts:

«The economy is dying. The Fed is incompetent.The next step is the payment of trillions in pensions. HOPE disappears. I bought more gold, silver, and bitcoins. Gold at $1700, in a year it will cost about $3000. I bought silver at $17, in 5 years I predict it will be $40. And here I added a whole bitcoin and several satoshi for $9800, I believe that in 3 years it will cost $ 75000. Pray for the best, prepare for the worst.

Speaking of “Trillions of Pension Payments,” Kiyosakirefers to a package of payments under the "Act on Heroes" worth $ 3 trillion, adopted by the US House of Representatives. According to a May 15 Forbes article, the bill hid a “hidden” provision that outlined the potentially unlimited payment of retirement benefits.

The author of the article, Elizabeth Bauer, stated thatDemocrats in the US House of Representatives are preparing "unrealistic distributions of cash benefits that have nothing to do with simplifying the effects of the pandemic." Regarding how much money will be allocated to the pension package, the bill says:

«The general fund contains all the funds necessary for payments».

Comparing this with his price forecast for bitcoin, Kiyosaki focuses on the programmed reduction in bitcoin emissions and its deflationary rate of mining BTC.

Kiyosaki’s decision to invest in gold and silver is wise, given the current upward trend of both metals against the dollar.

Since December 2019, gold has grown by 31%,the price of silver - by 33%, which occurred as part of the rapid rise that began on March 17 - two days after the announcement of the first round of incentive payments. Moreover, most of the recent gold growth (19%) also occurred after the March 17 price hike.

Thus, Kiyosaki may be right in the fact that the fed press increases the value of physical assets.

As for Bitcoin, thenthe value of BTC in US dollars since the launch of anti-crisis payments in March more than doubled. Compared with the price of $ 4,601, which was March 16, bitcoin fixed at around $ 9,800, flirting with the level of $ 10,000.

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Kiyosaki Prediction of $ 75,000 Bitcoin Priceafter three years it may seem awkward. In ordinary times - perhaps yes, but now that the viral pandemic is turning into a full-blown financial crisis, perhaps his words are not without common sense.

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