In the letter:
- Bitcoin is becoming increasingly difficult to ignore as an investment option
- Bitcoin’s market cap is now higher than that of JPMorgan, Facebook, VISA, and Tesla
- Rich Dad, the author of Poor Dad, continues to recommend Bitcoin as a hedge against possible global financial turmoil
- Tyler Winklevoss has also reiterated that Bitcoin is the best protection against incoming inflation
Bitcoin is getting harder and harder to ignore. This emerges from an analysis by the Ecoinmetrics team, which indicated that Bitcoin’s market cap has exceeded that of VISA, JPMorgan, Facebook and Tesla on an individual basis.
Additionally, Bitcoin’s market capitalization is 59% that of Amazon. 43% from Apple; 35% of the gold in the financial system; and 8% of the physical gold market.
The Ecoinmetrics team shared their observations on Twitter and the following infographic, which compared Bitcoin’s rising market cap alongside big companies and gold.
The US government is in debt. Buy Bitcoin – “Rich Dad, Poor Dad” Author
As Bitcoin continues to make headlines, Rich Dad, Poor Dad author Robert Kiyosaki has once again urged retail investors to buy Bitcoin, gold and silver to hedge against the Fed’s continued money printing habits.
The US government is broke, Kiyosaki says, but the stock market continues to rise, suggesting a collapse is in the pipeline. You can find his analysis of the current financial times below.
Total US debt 28 USD T.
Total US government spending 8,000 US dollars US government tax collection 3.5,000,000 US dollars
The US government cut 4.5 tons of T. Biden to issue 1.9 tons of stimulus.
US bankrupt still stock market higher.
Economy sick. Very very sick. Buy gold, silver bitcoin
Inflation is coming, Bitcoin will save you – Tyler Winklevoss
Mr Kiyosaki’s comments on the state of the US economy echo Tyler Winklevoss’ warning that the US economy is on the brink of inflation and that Bitcoin is the best hedge against it. Commenting on a CNN article quoting US Federal Reserve Chairman Jerome Powell, Mr Winklevoss predicted a surge in consumer prices this summer.
Below is Mr Winklevoss’ tweet next to the quoted article.
Papa says inflation is coming. #Bitcoin will save you. Few understand this. Https://t.co/DzVGPwDkkR
– Tyler Winklevoss (@tyler) March 5, 2021