In a stunning turn of events, a post claimed that the Securities and Exchange Commission had given the green light for the launch of a Bitcoin exchange-traded fund (ETF). However, Securities and Exchange Commission Chairman Gary Gensler quickly clarified that the agency had not approved any such ETFs, and the post was misleading and has now been deleted.
It’s worth noting that the renowned author of the bestselling book “Rich Dad Poor Dad” expressed excitement about the possibility of launching a Bitcoin ETF, with Kiyosaki highlighting his satisfaction with Bitcoin investments for years. He boldly predicted a rise in the value of Bitcoin to $150,000 soon. Kiyosaki also anticipated an upward trajectory for gold, attributing it to central banks accumulating and holding onto the precious metal. In contrast, he expected a decline in silver prices, suggesting that some sellers might liquidate their holdings to meet financial obligations amid rising inflation. Interestingly, Kiyosaki’s optimistic outlook took a more cautious tone, indicating the potential for a silver market collapse. Despite the uncertainty, he declared it as a buying opportunity for silver enthusiasts.
Against the backdrop of these unexpected events, the cryptocurrency industry is buzzing with speculation, and markets are questioning whether the Securities and Exchange Commission’s tweet is a result of a breach or simply a disclosure error.
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Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.
