FameEX Hot Topics | Robert Kiyosaki Boosts Bitcoin Portfolio Post SEC Sanction of Spot Bitcoin ETFs

Robert Kiyosaki, best known for his influential book "Rich Dad Poor Dad," has recently increased his bitcoin holdings, a move influenced by the U.S. Securities and Exchange Commission's (SEC) approval of 11 spot bitcoin exchange-traded funds (ETFs). This strategic decision is in line with Kiyosaki's escalating concerns about the U.S. economy, particularly the risk of hyperinflation. Since its debut in 1997, "Rich Dad Poor Dad," co-written by Kiyosaki and Sharon Lechter, has been a mainstay on the New York Times Best Seller List for over six years. The book's worldwide impact is significant, with more than 32 million copies sold across 51 languages in over 109 countries, providing insights on financial literacy and independence.

Kiyosaki's apprehensions regarding the U.S. economy were expressed on a social media platform. He raised questions about the possibility of hyperinflation, driven by economic policies of U.S. authorities. Reflecting these concerns, he disclosed the acquisition of an extra 5 bitcoins, underscoring his mistrust in the current leadership, whom he bluntly referred to as "losers with PhDs."

This action follows on the heels of the SEC's momentous approval of 11 spot bitcoin ETFs, marking a significant step toward integrating cryptocurrencies into the mainstream financial markets. These ETFs are now actively traded on major exchanges such as NYSE Arca, Nasdaq, and Cboe BZX Exchange, heralding a new chapter in the trading of digital currencies. Kiyosaki, who previously invested in bitcoin, continues to be optimistic about the cryptocurrency's future, predicting its value to surge to $150K shortly.

Kiyosaki has long championed investments in gold, silver, and bitcoin as means of financial protection. He has maintained a bullish outlook on bitcoin, with predictions ranging from a near-term rise to $135,000 to a staggering $1 million during a global economic downturn.

In early 2023, Kiyosaki projected bitcoin to escalate to $500,000 by 2025, alongside notable increases in the prices of gold and silver. These bold forecasts stem from his deep concerns about America's financial security, where he has continuously warned of impending hyperinflation and the potential downfall of the U.S. dollar. In April of the previous year, he articulated concerns about America's declining economic health, and by November, he was advising investors to embrace bitcoin promptly.

Kiyosaki's recent bolstering of his bitcoin investment, particularly following the SEC's sanction of spot bitcoin ETFs, underscores his belief in cryptocurrencies as vital tools for maintaining financial stability amidst uncertain economic times. His proactive approach not only demonstrates his expertise in financial matters but also his commitment to leveraging emerging financial technologies as safeguards against traditional economic uncertainties.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.