Mohamed Ali El-Erian, chief economic adviser to asset manager Allianz, suggested what changes in Fed policy would lead to an increase in the price of bitcoin.

What’s happening #crypto & #gold What if the Fed wanted to raise the inflation target from 2% to 3%?
“Both go higher,” she says @elerianm pic.twitter.com/QNPzFu8NnP

— Squawk Box (@SquawkCNBC) April 18, 2022

The expert predicts that the Fed may change its annual inflation target from 2% to 3%. He thinks that the first figure is unlikely to be reached, and failure to do so would undermine the credibility of monetary policy.

The economist believes that if such a decision is taken by the regulator, the prices of gold and cryptocurrencies will increase.

Rich Dad Poor Dad bestselling author and entrepreneur Robert Kiyosaki reiterated his call to invest in bitcoin and precious metals as “insurance against the idiots who run the world.”

Q: What is the MOST RISKY INVESTMENT in a GLOBAL meltdown? Stocks or bonds? A: Bonds. Tragically, rookie investors follow the rookie recommendation of the 60 (share) 40 (bond) mix. Buy gold silver BC as insurance against the morons who rule the world. REMEMBER: A college degree is not a cure for SICKNESS.

— therealkiyosaki (@theRealKiyosaki) April 18, 2022

On April 18, the price of the first cryptocurrency updated its local minimum since mid-March at levels below $39,000.

Against this background, cryptocurrency critic and gold advocate Peter Schiff has stated that bitcoin is associated with technology stocks, not safe-haven assets.

#Bitcoin managed to hold over $40,000 all weekend until equities and #gold resumed business. Bitcoin naturally followed tech stocks lower, maintaining its excellent inverse correlation with gold, as NASDAQ futures dropped over 1% and gold rose $15 to trade just under $1,990.

— Peter Schiff (@Peter Schiff) April 18, 2022

Recall that in 2021, El-Erian talked about how he made money from bitcoin after the crypto winter and admitted that he sold the coins “too early”.