U.Today presents the top three news stories for you.
“Rich Dad Poor Dad” author shares how much BTC he bought after ETF approval
Robert Kiyosaki, renowned financial expert and author of the best-selling book “Rich Dad Poor Dad”, recently made a pessimistic market forecast on X platform. He raised concerns about the potential consequences if the U.S. Treasury and Federal Reserve, along with their highly educated staff, fail to save the economy. Kiyosaki believes that if the U.S. dollar crashes, it could lead to hyperinflation in the country. In response to this, he announced that he had purchased 5 more Bitcoin, promoting it as a safe-haven asset. As of now, his five BTCs are worth $230,355 with Bitcoin trading at $46,071. It is speculated that Kiyosaki made this purchase after the SEC’s approval of Bitcoin spot ETFs on January 10th. This significant development led to the approval of 11 Bitcoin ETF applications from companies like BlackRock, VanEck, Fidelity, Ark Invest, and Grayscale.
Shiba Inu (SHIB) erases another zero
The meme coin Shiba Inu (SHIB) saw a major increase in value, reaching $0.00001021, much to the delight of the SHIB community. This achievement highlights its growing recognition in the crypto space and its market capitalization. The rise in value can also be attributed to the SEC’s approval of spot Bitcoin ETFs, which has brought a new wave of optimism to the market. SHIB lead Shytoshi Kusama also revealed plans for the future of the SHIB token, including the introduction of SHIB name tokens to bridge the gap between traditional internet and Web 3.0.
CEO of Ripple celebrates SEC approval
In a recent X post, Brad Garlinghouse, CEO of Ripple, expressed his excitement over the SEC’s approval of spot Bitcoin ETFs. He believes that this is a pivotal moment for the crypto industry and a crucial step towards legitimizing cryptocurrencies as an asset class. Garlinghouse hopes that this move will encourage further institutional adoption and investment, shifting the focus from speculative trading to real-world use. His post gained a lot of attention from the X crypto community, with nearly 9,500 likes and 500 comments.
This article was originally published on U.Today.
