Renowned Investor Robert Kiyosaki Expands Bitcoin Holdings Following SEC’s Spot ETF Approval
In a surprising turn of events, vocal Bitcoin advocate, investor, and author of the acclaimed book “Rich Dad Poor Dad,” Robert Kiyosaki, has taken to Twitter to share a gloomy market prediction and unveil a significant Bitcoin purchase. The news comes on the heels of the US Securities and Exchange Commission (SEC) granting approval for spot Bitcoin ETFs to multiple financial institutions.
Kiyosaki, well-known for his bold and often controversial statements, didn’t mince words in expressing his concerns about the economic future of the United States. In a tweet, he warned that the country should be prepared for significant trouble if the US Treasury, Federal Reserve, and the experts within these governmental institutions fail to rescue the economy.
The core of Kiyosaki’s prediction hinges on the potential collapse of the US dollar leading to hyperinflation, a scenario he believes is plausible if the policymakers make missteps. His tweet questioned the potential outcome: “INFLATION or DEFLATION? What if the PhDs at White House, Treasury & Fed put the economy into HYPERINFLATION? I hope not…but what if our leaders F’up, the dollar collapses, and we have HYPERINFLATION? That’s why I bought 5 more Bitcoin today. What are you going to do? Trust yourself, not our leaders. They’re losers with PhDs.”
INFLATION or DEFLATION? What if the PhDs at White House, Treasury & Fed put economy into HYPERINFLATION? I hope not…but what if our leaders F’up, the dollar collapses and we have HYPERINFLATION? That’s why I bought 5 more Bitcoin today. What are you going to do? Trust your…
— Robert Kiyosaki (@theRealKiyosaki) January 11, 2024
This bold statement from Kiyosaki comes at a time when the SEC has given the green light to several companies, including BlackRock, VanEck, Fidelity, Ark Invest, and Grayscale, to launch spot Bitcoin ETFs. The regulatory approval, long-awaited by the crypto community, marks a significant step forward in the institutional acceptance of cryptocurrencies.
The decision by the SEC, announced on Wednesday, signifies a pivotal moment for the cryptocurrency market. Spot Bitcoin ETFs have been a subject of much debate and anticipation, with many seeing them as a way to attract more institutional investors to the digital asset space.
Kiyosaki’s move to purchase additional Bitcoin following the SEC’s decision raises eyebrows and prompts questions about his motivations and market outlook. Whether viewed as a precautionary measure or a bold stance against traditional financial systems, the renowned financial guru’s decision is undoubtedly sparking conversations within the crypto community.
As the financial world grapples with uncertainties surrounding the global economy, Kiyosaki’s warning and Bitcoin purchase serve as a stark reminder of the potential risks and rewards in an ever-evolving financial landscape. Investors and enthusiasts alike will be closely watching the market in the coming days to gauge the impact of both Kiyosaki’s prediction and the SEC’s landmark decision on the future of cryptocurrencies.
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