Robert Kiyosaki Sounds Off on FTX Founder Sam Bankman-Fried
In a recent social media post that has sent shockwaves through the cryptocurrency and investment world, popular financial guru and author of the best-selling book “Rich Dad, Poor Dad,” Robert Kiyosaki, turned his attention to the embattled founder of the now-bankrupt crypto exchange FTX, Sam Bankman-Fried (SBF). Kiyosaki, who is known for his enthusiastic endorsements of Bitcoin and other cryptocurrencies, took to his social media platform to shed light on the controversy surrounding SBF.
Kiyosaki, who boasts a following of 2.4 million on social media, used his platform to remind his followers of the perplexing case of Sam Bankman-Fried, who had managed to deceive some of the most prominent figures in the financial world. Notably, Bankman-Fried had famously pulled the wool over the eyes of CNBC’s “Mad Money” host, Jim Cramer, and the co-host of the hit show “Shark Tank,” Kevin O’Leary, also known as “Mr. Wonderful.” O’Leary had invested in FTX and had attempted to defend SBF’s actions even after the FTX exchange’s catastrophic collapse. Subsequently, Bankman-Fried was taken into custody, and the financial world descended upon him, labeling him a scammer.
SBF: SAM BANKMAN FRIED fooled some most famous investors in the world, investors such as Shark Tank’s Mr. Wonderful, Kevin O’Leary & CNBCs Jim Kramer. Wonder if SBF will fool judge and jury the way our Fed Chairman and Treasury Secretary are fooling the world? Are we a SHIP of…
— Robert Kiyosaki (@theRealKiyosaki) October 27, 2023
In a tweet that garnered significant attention, Kiyosaki highlighted the remarkable deception by SBF, stating, “SBF: SAM BANKMAN FRIED fooled some of the most famous investors in the world, investors such as Shark Tank’s Mr. Wonderful, Kevin O’Leary, & CNBC’s Jim Cramer.” He also pondered the possibility of SBF deceiving the judge and jury in his legal case, drawing a parallel to the broader financial landscape, where, in Kiyosaki’s opinion, both the Federal Reserve Chairman and the Treasury Secretary have been deceiving the world.
Kiyosaki raised questions about the competence of financial authorities, saying, “Are we a SHIP of FOOLS, or is it time we wake up, get smart, and say ‘Our World is in financial trouble because of your financial incompetence. Keep your hands off our money.'”
While Robert Kiyosaki is known for his strong advocacy of Bitcoin and cryptocurrencies, his recent remarks on the embattled SBF’s case have added a new dimension to the ongoing saga. Kiyosaki previously expressed his belief that Bitcoin would reach $500,000 by 2025. However, in light of recent developments, he has revised his outlook, stating that the next stop for Bitcoin is $135,000.
The financial world will undoubtedly be closely monitoring the legal proceedings surrounding Sam Bankman-Fried and the fallout from the FTX exchange’s collapse. Robert Kiyosaki’s commentary adds to the ongoing debate over the regulation and oversight of the cryptocurrency industry and raises important questions about the responsibility and competence of financial authorities.
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