Rich Dad Poor Dad Author Increases Bitcoin Stake in Response to SEC’s ETF Green Light
Rich Dad Poor Dad author Robert Kiyosaki has increased his bitcoin holdings following the approval of 11 spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Expressing concern about the U.S. economy and the potential threat of hyperinflation, Kiyosaki emphasized his distrust in government leaders and the possibility of economic mismanagement. In a social media post, he stated that he bought an additional 5 bitcoins and urged others to trust themselves rather than political leaders, whom he referred to as “losers with PhDs.” Kiyosaki has been a vocal advocate for alternative assets like gold, silver, and bitcoin, positioning the latter as the best protection against hyperinflation. With a historic move by the SEC to approve spot bitcoin ETFs, Kiyosaki sees further bullish potential for bitcoin, predicting a price surge to $150,000 soon.
In a strategic move following the ETF approval, Kiyosaki has reaffirmed his positive outlook on bitcoin, having purchased BTC years ago. The SEC’s green light for spot bitcoin ETFs marks a significant milestone, enabling mainstream trading on major exchanges. Kiyosaki’s bullish stance on bitcoin has included various predictions, from a near-future price of $135,000 to a remarkable $1 million in the event of a global economic meltdown. His consistent warnings about hyperinflation and the decline of the U.S. dollar align with his call for investors to turn to alternative assets like bitcoin, gold, and silver.
Clever Robot News Desk 14th January 2024
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