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R. Kiyosaki slams Bitcoin ETF as ‘bankster’s money’

Renowned investor and author Robert Kiyosaki has expressed his distrust of Bitcoin Exchange-Traded Funds ( ETFs ), branding them as tools of the financial elite. The ‘Rich Dad Poor Dad’ author labeled the Bitcoin ( BTC ) investment product as “bankster’s money,” stressing that it undermines the cryptocurrency’s independent spirit, according to an X post on March 1. He grouped Bitcoin ETFs with gold and silver ETFs , dismissing them as extensions of the same alleged corrupt financial machine he has long criticized. As previously reported by Finbold, Kiyosaki had vowed not to invest in Bitcoin ETFs, terming them ‘fake. ’ Instead, Kiyosaki urged investors to protect wealth by holding physical gold, silver, and Bitcoin itself, free from what he views as manipulative intermediaries. “Please protect yourself from the banksters. Buy real gold, silver, and Bitcoin. No gold, silver or Bitcoin ETFs…. Which are bankster’s money,” he said. Bitcoin and centralized financial systems His philosophy of investing in alternative assets aligns with his longstanding skepticism about centralized systems. In this case, the financial educator took aim at the U.S. dollar, the Federal Reserve, and the broader banking industry. Kiyosaki suggested that Bitcoin might have questionable aspects, but it pales compared to the flaws he sees in the traditional financial system. For instance, he accused the Fed and banking leaders of shielding their failures, bailing out institutions after massive losses instead of facing consequences. At the same time, Kiyosaki concluded his outlook by warning of a possible imminent collapse of the financial system and encouraging people to take steps to shield themselves from the fallout. Is BITCOIN a SCAM? It might be…. But not a big a scam as the US Dollar and the US Banking System…. Starting with the Fed. They are BANKSTERS. For example…. When they F. U. and lose billions…. The criminals at the Fed bail them out. They should go to jail. That’s… — Robert Kiyosaki (@theRealKiyosaki) March 1, 2025 Interestingly, Kiyosaki has long predicted market crashes but has faced scrutiny because some of his projections failed to materialize. The S&P 500 price chart with Rober Kiyosaki’s crash predictions up to 2021. Source: @fintwit_news Overall, Kiyosaki believes that Bitcoin, gold, and silver can be used to protect investor wealth during market crashes. Kiyosaki’s Bitcoin outlook His latest remarks come when Bitcoin and the broader cryptocurrency market are witnessing significant capital outflows, with the leading digital asset losing key support levels. To this end, the author noted that declining Bitcoin prices should be viewed as a ‘sale’ and an opportunity to accumulate more of the asset, as he maintains a bullish outlook. In particular, Kiyosaki sees Bitcoin hitting a new record high in 2025, predicting that the cryptocurrency will likely trade between $175,000 and $350,000 this year. Notably, this outlook appears to be a downgrade compared to his prediction for November 2024, when he projected that BTC would reach $500,000 in 2025 while leveraging an unnamed artificial intelligence (AI) tool. Considering Bitcoin’s current rough path, Kiyosaki’s prediction might seem ambitious. However, given underlying fundamentals such as the current pro-cryptocurrency administration, how the asset will trade remains to be seen. Featured image via Cavaleria Com YouTube The post R. Kiyosaki slams Bitcoin ETF as ‘bankster’s money’ appeared first on Finbold .

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The Altcoins Resisting Bitcoin’s Price Downturn Could Lead the Next Rally, Says Analyst – Here Are His Top Picks

$A popular crypto strategist says that the altcoins currently showing market strength despite Bitcoin’s ( BTC ) downturn may spearhead the next digital asset rally. Pseudonymous analyst Credible Crypto tells his 463,000 followers on the social media platform X that payment tokens Litecoin ( LTC ) and XRP may soon be top market performers as they hold key support levels above recent low prices despite Bitcoin’s price collapse this week. “At this time, for the the first time in a while, select alts are holding their own against prior lows while BTC has nuked below its own relative range lows. Look for those alts that have held their relative lows on this drop; they may be the ones to lead the next rally. Great examples at the moment are LTC and XRP (you seeing a theme here?).” LTC is trading for $127 at time of writing, up marginally in the last 24 hours. Meanwhile, XRP is trading for $2.15 at time of writing, down 1.6% on the day. The analyst also says that Bitcoin may trade sideways in the coming days before a breakout. “BTC tagged $79,000 and we are now seeing some relief. Only two levels that really matter from my perspective at the moment: local supply at $94,000-$99,000 and high timeframe demand just under $74,000. I suspect we form a base between these two levels over the coming days before a full-on reversal.” Source: Credible Crypto/X Bitcoin is trading for $85,070, up fractionally in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post The Altcoins Resisting Bitcoin’s Price Downturn Could Lead the Next Rally, Says Analyst – Here Are His Top Picks appeared first on The Daily Hodl .$

A popular crypto strategist says that the altcoins currently showing market strength despite Bitcoin’s ( BTC ) downturn may spearhead the next digital asset rally. Pseudonymous analyst Credible Crypto tells his 463,000 followers on the social media platform X that payment tokens Litecoin ( LTC ) and XRP may soon be top market performers as they hold key support levels above recent low prices despite Bitcoin’s price collapse this week. “At this time, for the the first time in a while, select alts are holding their own against prior lows while BTC has nuked below its own relative range lows. Look for those alts that have held their relative lows on this drop; they may be the ones to lead the next rally. Great examples at the moment are LTC and XRP (you seeing a theme here?).” LTC is trading for $127 at time of writing, up marginally in the last 24 hours. Meanwhile, XRP is trading for $2.15 at time of writing, down 1.6% on the day. The analyst also says that Bitcoin may trade sideways in the coming days before a breakout. “BTC tagged $79,000 and we are now seeing some relief. Only two levels that really matter from my perspective at the moment: local supply at $94,000-$99,000 and high timeframe demand just under $74,000. I suspect we form a base between these two levels over the coming days before a full-on reversal.” Source: Credible Crypto/X Bitcoin is trading for $85,070, up fractionally in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post The Altcoins Resisting Bitcoin’s Price Downturn Could Lead the Next Rally, Says Analyst – Here Are His Top Picks appeared first on The Daily Hodl . Finbold

Bitcoin Recovers $7K Following Dump Below $80K, Ripple Gains 8% (Weekend Watch)

Bitcoin’s continuous price slump finally came to a halt after the asset plunged to $78,000, and it has managed to recover about seven grand since then. The altcoins are also well in the green today, with substantial gains from almost all of them. BTC Rebounds $7K It was a violent week , to say the least, for bitcoin and the entire crypto market. The primary digital asset challenged $100,000 the previous Friday but was quickly rejected after the hack against Bybit. The weekend was calmer, but the business week turned sour once again. By Tuesday, bitcoin had lost over ten grand since the weekend and more than $13,000 since Friday in a price slump to $86,000. After a minor dead-cat bounce to $89,000, the bears returned with another leg down that drove BTC to $82,000 on Thursday. The most painful decline came on Friday morning as the cryptocurrency plunged below $80,000 and all the way down to $78,200 (on Bitstamp), which became the newest three-month low and made February 2025 the worst in over a decade . Many industry experts warned that the worst is yet to come and that BTC could drop to $70,000 over the weekend. However, that hasn’t been the case so far. Just the opposite, BTC stands close to $85,000 after regaining $7,000 since yesterday’s low. Its market capitalization remains below $1.7 trillion, while its dominance over the alts is close to 58% on CG. BTCUSD. Source: TradingView Alts in Recovery Mode The alternative coins went through some massive crashes within the same timeframe but are well in the green on a daily scale now. Ethereum is above $2,200 after a 5% increase since yesterday, while BNB has neared $600 following a 4% surge. Ripple’s native token defended the $2 level and is up to $2.17 now after gaining 8%. More impressive price increases come from SOL (10%), DOGE (9.5%), ADA (7.5%), SUI (9%), and XLM (15%). HBAR, APT, BCH, ONDO, and TRUMP have also charted notable double-digit price gains since yesterday. The total crypto market cap has recovered roughly $200 billion and is up to $2.9 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Recovers $7K Following Dump Below $80K, Ripple Gains 8% (Weekend Watch) appeared first on CryptoPotato . Finbold