Famous Bitcoin investor explains why he does not like Fed Reserve and urges community to buy BTC
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He explained the reasons for his dissatisfaction with the U.S. central bank. Kiyosaki believes that the Fed is a major problem for the U.S. economy as the Fed has destroyed it. It has also “made the poor and middle class poorer, and bailed out their rich banking friends,” according to his tweet published on Thursday.
Robert Kiyosaki calls on his followers to pay less attention to what the Fed is saying or doing and rely on Bitcoin as a safe haven asset instead.since banks are not buying U.S. Treasuries and prefer to stock up on gold instead. Kiyosaki believes gold is going to go back under the $1,200 level in the near future — this was another reason he gave for his expectations of the Bitcoin price surging soon.
Over the last week, “digital gold,” as Bitcoin is often referred to by its maximalists, has demonstrated an impressive increase of more than 8%, surging from the $47,953 level to $51,802, where it is changing hands at the time of this writing. The fast Bitcoin price growth this week has been largely stimulated by massive Bitcoin inflows into spot ETFs over the past three days. They have accumulated almost $3 billion worth of Bitcoin, with BlackRock and Fidelity spot ETFs leading the way. On Friday, the cumulative inflows amounted to $701 million — the highest single-day influx so far.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
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