The a banking debacle exacerbated investors’ anxiety over a potential worldwide economic slowdown, and a repeat of the 2008 financial crisis.

According to three industry analysts,  the current banking crisis is the catalyst that will cause bitcoin and ethereum to experience massive price explosions.

Chris Burniske, a former crypto analyst at Ark Invest, Mike McGlone, a senior macro strategist at Bloomberg Intelligence, and Robert Kiyosaki, a well-known author, and businessman, are the three financial experts featured in a recent video from altcoin daily. 

According to McGlone, the widespread use of bitcoin worldwide will undoubtedly give it a performance advantage over other cryptocurrencies.

In addition, McGlone noted that investors are bullish about bitcoin’s potential to overtake the market capitalization of gold. Warren Buffet, a seasoned investor, has said that bitcoin and other cryptocurrencies have no fundamental value.

Kiyosaki condemned Buffet for making this statement.

Incidentally, Buffett previously described bitcoin as “rat poison squared” and predicted that the value of bitcoin will ultimately reach zero. He was right about the latter prediction, yet.

You might also like: XRP skyrockets over 20% in a week

What is next for blockchain?

As a direct consequence, investors’ perspectives on bitcoin, ethereum, and other digital assets have drastically switched to products with considerably less risk. 

The

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Author: Brenda Mary

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