Currently, Bitcoin traders are overall net long. But talk of a second wave has memories of March’s flash crash fresh on the mind.
The European Centre for Disease Prevention and Control has issued a stark notice over the rise in infection rates. As a result, throughout Europe, authorities are taking into consideration the possibility of a second lockdown.
With that, some analysts and industry observers are warning that a sudden market crash could be on the cards in the near term.
Rich Dad, Poor Dad author, Robert Kiyosaki, believes a market crash is imminent. In a recent tweet, he drew attention to the underlying problem of crippling US debt.
Despite his pessimism, he still maintains the view that long term, the anti-fiats will come out on top.
What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.
— therealkiyosaki (@theRealKiyosaki) September 15, 2020