12 hour ago
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BEARISH 📉 : Robert Kiyosaki Sells Bitcoin and Gold amid $750B Crypto Loss
Veteran trader Robert Kiyosaki has sold parts of his Bitcoin and gold holdings, despite previously optimistic predictions. He shared on X that he had stopped buying silver at $60, Bitcoin at $6,000, and gold at $300. Kiyosaki plans to wait for lower price levels before reinvesting, highlighting a long-term investment strategy.
Kiyosaki's Economic Concerns
- Kiyosaki expressed concerns about the US economy as national debt surpasses $38 trillion.
- He criticized the Federal Reserve and political leaders, warning of difficult economic conditions ahead.
Market Impact and Observations
- The crypto market lost approximately $750 billion in market capitalization recently.
- Bitcoin declined 22% over the week, trading around $64,500.
- The crypto market saw 24-hour liquidations reach $2.6 billion, with BTC alone contributing $1.35 billion.
