Here’s a lowdown of the biggest events in the crypto world last week:
When Rich Dad Says “Buy Bitcoin Now,” We Listen 📢
Robert Kiyosaki, the “Rich Dad, Poor Dad” author, is back beating the Bitcoin drum. The best-selling author recently doubled down on his long-term bullish stance, saying “Bitcoin is the future of money,” and now’s the time to buy before the next big leg up.
According to reports, Kiyosaki gave four key reasons why now is the best time to buy Bitcoin:
- Bitcoin’s capped supply of 21 million coins could make it more scarce.
- Rising global debt and a weakening dollar could prompt more people to turn to alternative assets, such as Bitcoin.
- Growing institutional demand for Bitcoin and Bitcoin exchange-traded funds (ETFs) positions it for bigger gains.
- The fear of missing out (FOMO) ahead of the 2025 halving rally could increase demand for Bitcoin and its price.
He called fiat money “fake” and warned that people relying only on savings are “setting themselves up for poverty.” In plain English, “Rich Dad” thinks Bitcoin is cheap right now — and he’s not just talking because he’s stacking up more himself.
And for Bitcoin, the world’s largest cryptocurrency has bounced back to over $113,000 after the previous week’s woes. What caused the positive turnaround?
First, the easing of US-China trade tensions boosted investor risk appetite. Plus, ETF inflows of $446.6 million showed renewed institutional demand, lifting BTC sentiment. The current market trend shows that Bitcoin could snap out of a two-week losing streak. So, will you listen to Rich Dad and lock in some BTC?
Altcoins Aim For the Moon After Being Humbled on Earth 🚀
After weeks of taking punches on earth, altcoins might finally be dusting themselves off and eyeing the moon.
According to market reports, the altcoin market lost a staggering $800 billion recently as traders, especially retail investors in South Korea, moved to Bitcoin-heavy funds and crypto stocks. Daily trading volumes on Korean exchanges tanked from over $9 billion to less than $3 billion, leaving many smaller tokens gasping for air.
But as Bitcoin rallies again, altcoins are quietly catching a breather. Ethereum, Solana, and even some meme coins are seeing green candles again, hinting that the rotation might soon swing back. It wouldn’t be a normal crypto market if alts didn’t try to follow Bitcoin’s footsteps, right?
President Trump Said Binance Founder “CZ” Is Forgiven 🕊️
Another big news in crypto-town was that Trump pardoned Changpeng “CZ” Zhao. The Binance founder pleaded guilty in 2023 to failing to stop money laundering on his platform and served four months in prison.
But this pardon isn’t just about one man — it’s a big signal to the broader crypto world. Analysts say it could mark the end of Washington’s hardline stance on crypto, paving the way for a friendlier environment for crypto exchanges.
In short, the so-called “war on crypto” could be over, and investor sentiment across the market is warming up. Wall Street knows it, and everyone is paying attention.
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Side effects of investing include sudden wealth (or, you know, the opposite 😢).
Please do your own research (DYOR) or speak to your financial advisor before making any decisions.
