FameEX Hot Topics | Robert Kiyosaki Expands Bitcoin Investments Following SEC's Green Light for Spot Bitcoin ETFs

Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," recently disclosed his increased investment in bitcoin, spurred by the U.S. Securities and Exchange Commission's (SEC) authorization of 11 spot bitcoin exchange-traded funds (ETFs). This decision aligns with Kiyosaki's growing apprehensions about the U.S. economy, especially the risk of hyperinflation.

"Rich Dad Poor Dad," a 1997 publication co-authored by Kiyosaki and Sharon Lechter, has been a fixture on the New York Times Best Seller List for over six years. The book's global impact is evident, with more than 32 million copies sold in over 51 languages across more than 109 countries. Kiyosaki's concerns about the economy were voiced on a social media platform, where he questioned the potential for hyperinflation due to economic decisions by U.S. leaders. Citing these fears, he revealed the purchase of an additional 5 bitcoins, emphasizing a lack of trust in current leaders, whom he referred to as "losers with PhDs."

This investment follows the SEC's historic approval of 11 spot bitcoin ETFs, a significant step towards integrating cryptocurrencies into mainstream financial markets. These ETFs, now trading on major exchanges like NYSE Arca, Nasdaq, and Cboe BZX Exchange, mark a new era in cryptocurrency trading. Kiyosaki, who had previously invested in BTC, reaffirmed his positive outlook on the cryptocurrency, anticipating its value to soar to $150K soon.

A staunch supporter of gold, silver, and bitcoin as financial safeguards, Kiyosaki has consistently expressed a bullish stance on bitcoin. His forecasts have ranged from a near-future value of $135,000 to an extraordinary $1 million during a global economic crisis.

In February of the previous year, Kiyosaki predicted a significant rise in bitcoin value to $500,000 by 2025, alongside substantial increases in gold and silver prices. These predictions mirror his concerns about the financial stability of America, where he has warned of impending hyperinflation and the potential collapse of the U.S. dollar. In April of the previous year, he expressed fears over the deteriorating state of the U.S. economy and by November, he was urging investors to move into bitcoin before it became too late.

Kiyosaki's recent actions and statements highlight his commitment to cryptocurrencies as a means of securing financial stability in the face of uncertain economic conditions. His increased investment in bitcoin following the SEC's approval of spot bitcoin ETFs underscores this belief.

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