{"id":25575,"date":"2024-01-12T12:14:38","date_gmt":"2024-01-12T12:14:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/robert-kiyosaki-boosts-bitcoin-holdings-despite-economic-concerns\/"},"modified":"2024-01-12T12:14:38","modified_gmt":"2024-01-12T12:14:38","slug":"robert-kiyosaki-boosts-bitcoin-holdings-despite-economic-concerns","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/robert-kiyosaki-boosts-bitcoin-holdings-despite-economic-concerns\/","title":{"rendered":"Robert Kiyosaki Boosts Bitcoin Holdings Despite Economic Concerns"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Renowned author and financial educator Robert Kiyosaki, widely known for his book \u201cRich Dad Poor Dad<\/a>,\u201d has made major efforts to expand his bitcoin holdings in reaction to recent events in the cryptocurrency market. Kiyosaki\u2019s decision followed the U.S. Securities and Exchange Commission\u2019s (SEC) approval of 11 spot bitcoin exchange-traded funds (ETFs).<\/p>\n

Expressing profound concerns about the U.S. economy, particularly the approaching prospect of hyperinflation, Kiyosaki announced his new move on social media. He expressed his thoughts on the state of the economy in a post on X, writing, \u201cDeflation or inflation? What if the Fed, Treasury, and White House PhDs caused hyperinflation in the economy? He went on to stress the value of independence: \u201cI hope not\u2026But what would happen if our politicians screwed up, the dollar crashed, and hyperinflation broke out?\u201d<\/em><\/p>\n

Kiyosaki\u2019s Bitcoin Purchase<\/h2>\n

Kiyosaki made the decision to act by expanding his bitcoin holdings<\/a> in reaction to his worries. He stated on the social networking platform: \u201cThat\u2019s why I bought 5 more bitcoin today.\u201d This action is in line with his long-standing support of alternative assets as hedges against economic uncertainty, such as bitcoin, silver, and gold.<\/p>\n

Kiyosaki\u2019s calculated move follows the SEC\u2019s historic approval of eleven spot bitcoin ETFs, which made mainstream trading possible on NYSE Arca, Nasdaq, and Cboe BZX Exchange. With the ETFs\u2019 Thursday opening of trading, investors now have more ways to participate in the bitcoin market.<\/p>\n

Prominent supporter of bitcoin, Kiyosaki, has remained optimistic about the virtual currency. He has constantly emphasized bitcoin\u2019s usefulness as a hedge against hyperinflation and believes its price will soon exceed $150,000. The well-known forecaster has previously predicted that bitcoin will reach $500,000 by 2025, highlighting the urgent need for investors to take into account alternative assets in light of worries about the direction of the economy as a whole and the U.S. dollar in particular.<\/p>\n

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Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Renowned author and financial educator Robert Kiyosaki, widely known for his book \u201cRich Dad Poor Dad,\u201d has made major efforts to expand his bitcoin holdings in reaction to recent events in the cryptocurrency market. Kiyosaki\u2019s decision followed the U.S. Securities and Exchange Commission\u2019s (SEC) approval of […]<\/p>\n","protected":false},"author":6,"featured_media":25576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25575"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25575"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25576"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}