Robert Kiyosaki, the acclaimed author of "Rich Dad Poor Dad," has once again sparked a lively debate within the cryptocurrency community with his recent comments labeling Bitcoin ETFs as "FAKE" investment instruments. In a social media post, Kiyosaki compared Bitcoin ETFs to gold and silver ETFs, expressing his belief that these financial products do not represent the actual assets they claim to.
Kiyosaki's Critique of Bitcoin ETFs
Kiyosaki’s critical stance towards Bitcoin ETFs stems from a broader skepticism towards all ETFs. He argues that ETFs are a form of investment detached from the actual asset, rendering them less valuable. In his post, Kiyosaki stated he refuses to purchase ETFs for Bitcoin, Gold, or Silver, boldly asserting, "ETFs are FAKE gold, silver, or Bitcoin."
He elaborated on his reasoning by explaining that a Gold ETF can sell the same ounce of gold multiple times through a single ETF, which is why he prefers owning physical gold, silver, and Bitcoin. This approach, according to Kiyosaki, allows him to avoid the influence of banks and Wall Street bankers, providing a sense of security and authenticity that ETFs lack.
Broader Market Context
Kiyosaki’s remarks arrive amid a period of significant activity in the U.S. Spot Bitcoin ETF market. Despite recent declines in inflows, there has been a modest resurgence, with a notable inflow of $11.8 million on June 27. Concurrently, GrayScale’s GBTC recorded an $11.4 million withdrawal on the same day. This influx follows a period of substantial outflows, highlighting the dynamic nature of the market.
Emerging ETF Trends
Kiyosaki’s criticisms contribute to the ongoing discourse on the role and impact of ETFs in the cryptocurrency market. While he dismisses ETFs as lacking intrinsic value, many in the investment community view them as a gateway for broader market participation. ETFs offer investors exposure to cryptocurrencies without the complexities of directly owning and securing digital assets.
Amidst this debate, the U.S. crypto ETF landscape is rapidly evolving. Anticipation is building around the potential approval of a U.S. Spot Ethereum ETF by the SEC, which could boost market sentiment and drive up cryptocurrency prices. This expected approval has already piqued the interest of investors seeking new market opportunities.
In addition, VanEck recently filed for the first Solana ETF in the U.S., marking a significant step forward for alternative blockchain investments. This development has generated optimism in the crypto sector, with Solana (SOL) prices rising notably following the announcement. Bloomberg analyst James Seyffart predicts that the Solana ETF could launch in 2025, potentially setting a new precedent for crypto ETFs focused on emerging blockchain platforms.
Market Reactions and Future Implications
Despite Robert Kiyosaki’s critical views, the cryptocurrency market continues to thrive and adapt. Following these developments, Bitcoin’s price experienced a modest increase, rising about 1% to $61,585, after reaching a 24-hour high of $62,333. However, the cryptocurrency, with a market cap of $1.21 trillion, has seen a 10% decline over the past 30 days.
Kiyosaki's comments underscore a significant divide in the perception of ETFs within the financial community. While some, like Kiyosaki, advocate for the tangible ownership of assets, others see ETFs as a practical and accessible way to participate in the cryptocurrency market. As the debate continues, the crypto ETF landscape is likely to witness further evolution and discussion, shaping the future of digital asset investments.
$BTC #BTC #Bitcoin #Kiyosaki

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Kiyosaki's Strategy for Wealth Accumulation During Market Volatility
Renowned financial educator and author of "Rich Dad Poor Dad," Robert Kiyosaki, recently expressed a contrarian viewpoint on the turbulent Bitcoin market. Through a post on social media platform X, Kiyosaki articulated that the current downturns in the crypto market could be golden opportunities for wealth accumulation. He highlighted the importance of embracing economic crashes not as setbacks but as advantageous moments to enhance one's financial position.
Kiyosaki is well-known for his advocacy of investing in assets that possess enduring value, especially during economic uncertainties. In his latest communications, he underscored the significance of gold, silver, and Bitcoin—assets he believes will appreciate in value while traditional markets struggle. By focusing on these resilient investments, Kiyosaki advises his followers to rethink their strategies and consider how these assets can serve as protective measures against economic instability.
Federal Reserve's Approach to Current Economic Conditions
In the broader context of global economic issues, the Federal Reserve, led by Jerome Powell, is taking a cautious approach. Facing the threat of stagflation, the Fed has chosen to maintain steady interest rates despite recognizing that inflation has surpassed expectations. This decision aims to balance slow economic growth with rising inflation, attempting to stabilize market conditions and restore confidence among investors and consumers.
Global Economic Outlook and Bitcoin's Market Performance
Despite these challenging economic times, there are signs of potential recovery. The Organization for Economic Cooperation and Development (OECD) has recently adjusted its growth forecast for 2024 upwards, hinting at a possible alleviation from stagflation risks. In the cryptocurrency realm, Bitcoin has experienced a surge, trading at $59,642.47 with a 24-hour volume of $27.5 billion. This increase of 3.52% in the last day underscores its appeal as a hedge against economic volatility, resonating with Kiyosaki's perspective on the cryptocurrency's value.
Macro-economist and crypto analyst Henrik Zeberg responded to Kiyosaki’s optimistic view by cautioning that a significant market crash might still be on the horizon, expected within the next three to four months. This underscores the mixed sentiments in the financial community about the near-term movements of the crypto market.
Conclusion
As the global economic landscape continues to evolve with considerable uncertainties, Robert Kiyosaki's insights serve as a vital reminder of the strategic importance of diversification and preparation. For investors, whether seasoned or novices, understanding and applying these principles could be crucial in navigating through turbulent markets and turning potential crises into opportunities for significant financial gains.
$BTC #Kiyosaki #Bitcoin

The world of finance and economics is in for a major shakeup, according to Robert Kiyosaki, author of the famous personal finance book “Rich Dad Poor Dad.” Kiyosaki has made a bold prediction on a lasted podcast on Youtube that the United States’ dominance as the world’s reserve currency will soon come to an end, and that silver and gold will take over as the new global currency.

Kiyosaki argues that the United States has long dominated the global financial position with the dollar as the world’s reserve currency. However, he cites a possible end to this dominance, due to Gresham’s law, which states that “bad money drives out good money.” According to Kiyosaki, the dollar is now turning into toilet paper, and silver and gold will be the best money to replace it.

The author asserts that the dominance of the dollar will come to an end, as other countries form economic alliances and choose to transact in other forms of currency. He points to the growing number of BRICS member states (Brazil, Russia, India and China) as an example. He further suggests that the world already has enough transactions in dollars while supplying real goods to the United States. However, he notes that now people are giving America cheap toilet paper back, indicating that the end is coming.

Kiyosaki predicts that the global economy may collapse as inflation increases, and he blames the Federal Reserve for being unable to control the situation. He warns that the collapse may happen soon, and people need to start investing in silver and gold to protect themselves.

In conclusion, Kiyosaki’s prediction of the end of the dollar’s global financial dominance is a bold one, and it remains to be seen whether it will come true. However, the world of finance and economics is undoubtedly changing, and investors should take note of these changes to make informed decisions.

#Kiyosaki #RichDadRichPoor #crypto2023 #azcoinnews #azcoin

This article was republished from azcoinnews.com

Financial guru Robert Kiyosaki has renewed his advocacy for Bitcoin and gold in response to Federal Reserve Chairman Jerome Powell's acknowledgment of inflationary pressures. This comes after Powell conceded that inflation is outpacing expectations, marking what Kiyosaki perceives as a pivotal moment for the economy.
Doubling Down on Bitcoin
Kiyosaki, celebrated for his influential book "Rich Dad Poor Dad," has consistently championed alternative assets like gold, silver, and Bitcoin. Following Powell's candid remarks on inflation, Kiyosaki took to social media, expressing relief that the Fed Chairman had "finally told the truth" about inflation's victory over current monetary policies.
"Last week he finally admitted inflation is winning. The Fed can no longer promise inflation at 2% or that inflation is ‘transitory.’ Again, he finally stopped lying," Kiyosaki stated. This acknowledgment has led Kiyosaki to intensify his call for investment in assets that inherently rise in value over time, positioning Bitcoin at the forefront of his recommendations.
A Warning Against Conventional Savings
Kiyosaki's critique extends to traditional saving methods, which he famously critiques in his book by saying, "Savers are losers." He points to the diminishing purchasing power of the dollar since the establishment of the Federal Reserve and the IRS in 1913, advocating for "real money" like gold, silver, and Bitcoin as essential assets for financial preservation and growth.
Powell's Stance on Interest Rates
Addressing an audience at the Stanford Graduate School of Business, Powell highlighted the need for careful consideration before any changes to interest rates are made. Despite expectations of rate cuts by mid-2024 among financial analysts, Powell's remarks inject a degree of uncertainty regarding the timing and likelihood of such adjustments.
This uncertainty indicates a possible period of consolidation for riskier assets such as Bitcoin and equities before any potential upward trends resume. Powell also noted recent job creation and inflation metrics outperforming initial estimates, emphasizing that rate cuts would only be considered with greater assurance of inflation moving back towards the Fed's 2% goal.
In the midst of these economic dynamics, Kiyosaki's stance on Bitcoin as a hedge against inflation and a crucial asset for securing financial independence resonates more than ever, underscoring the importance of financial literacy and proactive asset management in uncertain times
$BTC
#BTC #Bitcoin #Kiyosaki

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Post By: CryptosHeadlines.com

Robert Kiyosaki, the well-known financial educator and author of ‘Rich Dad Poor Dad,’ recently used a platform (X) to discuss how inflation affects various economic groups.Robert Kiyosaki, a financial educator and the author of the popular book “Rich Dad Poor Dad,” used a platform (formerly Twitter) to talk about how inflation affects different groups of people.
Kiyosaki pointed out that inflation affects the poor and the middle class differently than it does the wealthy.
He believes that inflation makes the poor and the middle class less wealthy because they rely on dollars, which lose value.
In contrast, the wealthy focus on assets like gold, silver, and Bitcoin, which tend to increase in value, making them even wealthier.
Recent Inflation Trends in the U.S.
Inflation in the United States has slightly eased recently, meaning that consumer prices are going up more slowly. In September, prices increased by 0.4%, which is less than the 0.6% increase in August. However, when we look at inflation over the entire year, it has remained steady at 3.7%.
If we focus on “core” prices, which don’t include things like food and energy that can change a lot, they went up by 4.1% compared to the previous year. This is a bit less than the 4.3% increase we saw in August and the smallest increase in two years.
Even with these changes, the prices are still going up faster than the Federal Reserve’s target of 2%. But experts think these numbers won’t have a big impact on what the Federal Reserve plans to do because they were already expecting inflation to slow down.
Austan Goolsbee, who is the president of the Chicago Fed, is confident that this drop in inflation is not just a temporary thing.
There’s an ongoing discussion among Federal Reserve officials about whether they’ll need to make more changes to the benchmark policy rate later this year.
Kiyosaki’s Latest Bitcoin Insights
Kiyosaki has been talking about Bitcoin quite a bit in the past month. He shared thoughts in September about hyperinflation, which makes money lose its value. He advised people to invest in things like gold, silver, and Bitcoin.
In another post, he talked about central bank digital currencies (CBDCs) that are on the way. He raised concerns about privacy with CBDCs and suggested that regular assets and cash could become more important when CBDCs become widespread.
However, Kiyosaki doesn’t always have positive things to say about Bitcoin. He also commented on Citibank’s plan to use blockchain technology for quick cross-border transactions, which made him question what this could mean for the future of Bitcoin and the U.S. dollar.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptoMarket #Bitcoin #CryptoNews #Robertkiyosaki #Kiyosaki

Renowned author of the bestseller "Rich Dad Poor Dad," Robert Kiyosaki, has once again sounded the alarm amid growing concerns about banking crises and economic uncertainty. In his recent social media post, Kiyosaki emphasized the importance of financial preparedness and likened the current economic situation to flight school, where individuals must learn to navigate turbulent times.
Banking Crisis and the Threat of Instability
Kiyosaki's warning comes at a time when FDIC data reveals record levels of unrealized losses in securities held by American banks. The recent collapse of New York Community Bancorp has further deepened concerns about the stability of the banking sector.
Bitcoin as an Alternative
In response to this situation, prominent figures in the financial industry have begun advocating for alternative assets, such as bitcoin. Cathie Wood of ARK Invest predicts that bitcoin will surpass gold in popularity and inflow during times of banking crises. Similarly, Arthur Hayes, former CEO of BitMex, sees potential for further banking crises and a response from the Federal Reserve system, which could lead to an increase in bitcoin prices.
Kiyosaki's Perspective: Assets as a Rescue
Robert Kiyosaki, who has long warned of market downturns, argues that assets like gold, silver, and bitcoins are fundamental protections against economic shocks. He anticipates significant growth in the value of these assets in the event of market fluctuations.
Bitcoin Growth Forecast
Kiyosaki expects bitcoin to reach unprecedented highs, potentially rising to $120,000 in 2024 and up to $500,000 in the following year. In the case of global economic instability, he even imagines bitcoin soaring to $1 million.
Conclusion: Bitcoin as a Safety Net
In a time of growing uncertainty in the financial environment, Kiyosaki's advocacy for bitcoin as a parachute during turbulent times resonates with many investors seeking to protect their wealth from potential crises.
$BTC
#Bitcoin #Kiyosaki #BTC

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“