Mohamed Ali El-Erian, chief economic adviser of wealth manager Allianz, has suggested what changes in the Fed’s policy will lead to an increase in the price of Bitcoin.
The expert predicts the Fed may change its annual inflation target from 2% to 3%. He considers it unlikely that the initial figure will be reached, and failure to do so will undermine confidence in monetary policy.
In the event of such a decision by the regulator, gold and cryptocurrency prices will rise, the economist believes.
The author of the bestseller “Rich dad, poor dad” and entrepreneur Robert Kiyosaki has reiterated his call to invest in Bitcoin and precious metals as “insurance against the idiots who rule the world.”
