Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Trending Bitcoin News and Market Sentiment April 3rd, 2020: Robert Kiyosaki Says Buy Gold and Bitcoin, Bitcoin and Stock Markets Correlation Due to End

written by


Support free journalists: > send a tip

  • Bitcoin markets are notching up slow gains en route to USD 7,000
  • Wealth influencer Robert Kiyosaki had been Tweeting Bitcoin promotions for the past several days, with some now saying that it will be the new norm for Generation Z
  • Binance Research finds a fair level of Bitcoin price correlation with stock markets but believes this trend won’t last much longer


Bitcoin markets are roaring, but after puncturing USD 7,200 briefly (CoinDesk), it has now continued the slow climb to that point again in slow and sure fashion, with still a 3% gain looking good on a 24-hour basis. Ethereum (ETH) and Litecoin (LTC) are among those following suit, marking up stronger numbers than yesterday as the bulls look to end Friday on a high note.

One of the biggest items of news for the past three days comes from a blast from the past in the shape of Robert Kiyosaki, the famed author of international bestseller ‘Rich Dad, Poor Dad’. The worldwide popular wealth advisor has now taken to Twitter to talk down the shortcomings of traditional finance and debt, while promoting precious metals and Bitcoin.

He first called Bitcoin the “people’s money” on April Fool’s Day, and then continued to criticize the ever-declining value of US dollars, before again urging people to save up on Bitcoin in addition to gold and silver. His first post read:

“Lesson 5. SAVE MONEY: RU NUTS? Why save money when QE FED counterfeiting is printing trillions of fake dollars-$82 billion a month to $125 billion a day? Why save when ZIRP, zero interest policy pays losers zero? Save gold-god’s money or Bitcoin-people’s money.”

Most responses to his Tweet have been full of positive words and praise, with one author saying that everyone from generations X, Y and Z should save Bitcoin as part of a retirement plan. Sylvain Saurel, editor of In Bitcoin We trust, also agrees that the younger Y and Z generations are going to most likely be the ones to have positive opinions of Bitcoin. Writing in The Startup blog, he  says that Bitcoin will ring true with the millennial desire for “liberation” and may one day soon use Bitcoin on their smartphone without even realizing it. He deliberates:

“Those who will be curious to find out what the current monetary and financial system was like will be shocked.They will wonder how previous generations were able to accept the fact that a few people systematically decided to devalue what the majority of people owned.”

Meanwhile, Binance Research has come up with new numbers that show that the current stock market and Bitcoin correlation in price may no longer hold for long. Its new report found a “moderate” positive correlation in Q1 2020, noting that gold had not been in that pattern, even if Bitcoin’s 10% drop outperformed the S&P’s 19% dip. With correlation at 0.57, this was also displayed on daily work day returns.

All the same, Binance Research says that Bitcoiners need not worry as:

“Despite Bitcoin displaying a significant positive correlation with US equities in the first quarter of 2020, this high correlation coefficient remains very unlikely to persist in the medium to long term.”

Similar analyses have been made by others like Pantera Capital CEO Dan Morehead, who had earlier said that Bitcoin’s historical correlation with stocks was not new, but it rarely lasted beyond the first free months. who told investors that historically speaking Bitcoin’s correlation with stock market falls only lasted for the first few months.

Of course, the debate on whether Bitcoin correlates or not has only been fairly new, because Bitcoin supporters were taken aback when Bitcoin crashed along with stock markets in this month’s Black Thursday.

The true correlation really is with altcoins, who inevitably rise and fall with the fate of Bitcoin. is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow on Twitter: @bitcoinnewscom
Telegram Alerts from

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter