The cryptocurrency market is still feeling the effects of the massive crisis emanating from crypto trading platform FTX, but Robert Kiyosaki, author of the personal finance book ‘Rich Dad, Poor Dad’, is still confident about the top two digital assets.
R. Kiyosaki says that despite the FTX crisis, Bitcoin and Ethereum are “still rising”!
Indeed, Kiyosaki expressed his view that he does not see FTX as representative of the entire crypto industry, as he explained in an interview with iHeart radio host and ‘Uncommunist Manifesto’ author Mark Moss published on Nov.
In particular, he said:
“I’m still optimistic about Bitcoin but don’t think of silver and silver ETF as the same thing and Bitcoin is not the same as Sam Bankman-Fried. The problem is FTX.”
According to Kiyosaki, many people in his age group stay away from crypto, especially after the recent crisis, but he still believes:
“I’m still in favor of Bitcoin. Like many of my own kind, my age group, I’m not against it because I think Bitcoin is solid. Actually, I am more interested in blockchain and own Ethereum.”
FTX crash continues to cause chaos
As a reminder, the far-reaching trouble in the crypto market began after Sam Bankman-Fried stopped the withdrawals of his customers by the crypto exchange, citing liquidity crunch. In the resulting chaos, most decentralized finance (DeFi) tokens suffered a dramatic drop in price, including BTC and ETH.
As the charts show, at the time of writing, Bitcoin is changing hands at $15,699, breaking the previous support at $15,800 and losing 2.07% on the day and 7.13% over the previous week.
Bitcoin 7 day price chart. Source: Finbold
The current price also represents a cumulative loss of 18.19% on Bitcoin’s monthly chart, with the market cap at $301.7 billion, according to combined Finbold and CoinMarketCap data received on Nov.
Kiyosaki, meanwhile, remained one of the most vocal supporters of cryptocurrencies, specifically Bitcoin (BTC), which bought and still holds at around $6,000, as he confirmed in the interview.
Source: Teknolojioku Rss by www.teknolojioku.com.
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