Bitcoin reaching $120K? 🥵 Banana saves from frauds!
Bitcoin, gold and silver investments after this tweet might shoot up! 🚀 BAYC NFT owner just dodged a fraud, all thanks to a banana! A whale has been actively selling an altcoin for 2 weeks. 🥵
When the Rich Dad Poor Dad author says something about investing, we listen!👂🏻And when someone on a call asks us to fetch a banana, we run! 🏃♀️ Why? We’ve covered these recent events in today’s issue and you’re gonna wanna read! 👇
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Would you listen to Kiyosaki and invest in Bitcoin, gold and silver ‘before it’s too late’? 🥵
In recent months, the general feels in the financial world have been a mix of anxiety and uncertainty. Among the faces leading the conversation is one that every finance bro and even your grandpa knows - Robert Kiyosaki, the acclaimed author of 'Rich Dad Poor Dad'.
Known for his candid opinions on wealth and investment, Kiyosaki has been a vocal advocate for Bitcoin, gold, and silver as the go-to assets in these shaky times.
He views these assets as reliable stores of value, especially as traditional financial systems show signs of strain.
According to Kiyosaki, these assets offer some stability and security.
📉 Predicting a "Giant Crash"
Kiyosaki has not shied away from warning about a looming financial disaster, urging investors to consider gold, silver, and Bitcoin before it's too late.
His dire predictions, including a fall in the U.S. dollar's dominance, have resonated with many who are wary of the current economic trajectory.
But… there’s hope, according to Kiyosaki, especially for Bitcoin enthusiasts. He forecasts Bitcoin reaching an impressive $120,000 in the coming year.
This signals his strong belief in the crypto's potential despite the market's inherent volatility.
👑 Bitcoin as a Digital Gold
His support for Bitcoin stems from his view of it as the digital counterpart to gold.
He sees it as a modern way to preserve wealth, especially in economically challenging times.
His consistent recommendation of these assets highlights his investment philosophy focused on long-term wealth preservation.
🌪 Advice Amid Financial Crisis
The current global landscape, with threats of financial crises, has only solidified Kiyosaki's view. His advice to buy more gold, silver, and Bitcoin is rooted in his view that world leaders might be pushing for conditions that could destabilize economies further.
This perspective is shared in his recent advisories and adds to the growing concern about global financial health.
📘 A Legacy of Financial Wisdom
Kiyosaki's advocacy for these assets aligns with the principles he talks about in his groundbreaking book, 'Rich Dad Poor Dad'. Published in 1997, the book emphasizes financial literacy, independence, and wealth-building through investments.
His recent favours of Bitcoin, alongside traditional assets like gold and silver, show his adaptation of these principles to the modern financial landscape.
What are your thoughts on this blend of traditional and modern investment strategies? Let us know in the comments below! 🤔👇
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A BAYC NFT owner, known as "Crumz", narrowly escaped a scam by an imposter posing as a Forbes journalist. The scammer, masquerading as real Forbes editor Robert LaFanco, contacted Crumz for a BAYC article interview. During the Zoom call, Crumz was asked to allow screen recording access and to fetch a banana, a distraction for the scammer to take control of his computer. Realizing the danger, Crumz stayed by his computer, foiling the scammer's attempt to steal his asset.
Inferno Drainer, a notorious crypto wallet-draining kit, is shutting down after aiding in the theft ofnearly $70 million in crypto this year. Gaining prominence in early 2023, Inferno Drainer became widely used following the closure of Monkey Drainer, another similar tool. Inferno Drainer took a 20% cut from the amounts stolen by users. Despite shutting down, the team behind Inferno Drainer will keep the necessary files and infrastructure active for a smooth transition to other services. Blockchain security firm CertiK highlighted Inferno Drainer as one of the most damaging phishing kits seen, with other providers like Pink Drainer and Angel Drainer still active in the space.
A former businessman from Pune fell victim to a scam, resulting in a loss of Rs 1.6 crore. The Cyber police took action and arrested two brothers who were involved in the fraudulent scheme. These individuals posed as tax officials and deceitfully extracted a substantial amount from the 72-year-old businessman. This case highlights the importance of care and caution in digital financial transactions, particularly in the current crypto scenario, where regulations ate still loosely tied.
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🚀 Binance Exits U.S. Market: In a landmark settlement, Binance will leave the U.S. and pay billions in fines. The settlement, addressing charges of violating the Bank Secrecy Act and sanctions programs, includes a $3.4 billion payment to FinCEN and $968 million to OFAC. The CEO, Changpeng "CZ" Zhao, is stepping down as part of this historic deal.
💰 Global Banks' Crypto Investment: Central banks across the globe, including those in Europe and North America, reveal a whopping €9.4 billion ($10.27 billion) investment in cryptocurrencies. The investments are led by Bitcoin and Ethereum, with XRP as the third-largest altcoin investment.
🔥 USTC's Remarkable Rise: The digital currency USTC sees a massive 137% surge in its value after a strategic investment. This remarkable increase underscores the volatility and rapid shifts in the cryptocurrency market.
🐋 Altcoin's Price Impact by Whale: A massive crypto whale has been actively selling an altcoin for two weeks, causing its price to drop. This has highlighted the influence large investors can have on the market dynamics of cryptocurrencies.
💥 Solana's Competitor Soars: A blockchain platform, competing with Solana, witnesses an over 110% increase in value within just two weeks, spurred by a new investment from USDC issuer Circle.
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Disclaimer: The content in this newsletter is for informational and educational purposes only and is not intended as financial advice. We do not offer personalized investment advice. The crypto and Web3 sectors are highly volatile and risky, so please do your own research and consult a financial professional before making any investment decisions.
