Kiyosaki’s Reaction to SEC’s Decision
Renowned author Robert Kiyosaki, famous for his book “Rich Dad Poor Dad,” has increased his Bitcoin holdings following the U.S. Securities and Exchange Commission (SEC)’s approval of 11 spot bitcoin exchange-traded funds (ETFs). Kiyosaki, who has been vocal about his concerns regarding the U.S. economy and the threat of hyperinflation, shared his latest investment move on the social media platform X.
Strategic Move Amidst Economic Concerns
In his post, Kiyosaki questioned the economic direction led by figures at the White House, Treasury, and Fed, pondering the possibility of hyperinflation. To safeguard against such an event, he disclosed purchasing an additional five bitcoins. Kiyosaki encouraged followers to trust themselves rather than rely on leaders, whom he described skeptically.
SEC Approval Sparks Mainstream Trading
The SEC’s recent approval marks a significant step in mainstream cryptocurrency trading, with the funds commencing trading on prominent platforms like NYSE Arca, Nasdaq, and Cboe BZX Exchange. Kiyosaki, a long-time gold, silver, and bitcoin advocate, has consistently supported Bitcoin as a hedge against economic instability.
Kiyosaki’s Bold Predictions and Advocacy
Kiyosaki has made bullish predictions about Bitcoin’s future value, ranging from $135,000 in the near term to an astounding $1 million in a scenario of a global economic meltdown. He has previously projected that by 2025, bitcoin could reach $500,000, with gold and silver also achieving significant milestones. His recent investment decision reflects a continuity in his belief in Bitcoin as a crucial asset for financial protection.