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Robert Kiyosaki Predicts BTC Will Soon Hit $150K as SEC Approves Bitcoin ETFs — Says ‘I Will Be Buying More Bitcoin’

Rich Dad Poor Dad author Robert Kiyosaki has predicted that the price of bitcoin will hit $150,000 “soon,” as the U.S. Securities and Exchange Commission (SEC) approved spot bitcoin exchange-traded funds (ETFs). He emphasized that he will be buying more bitcoin. Kiyosaki has issued diverse bitcoin price predictions, with his most eye-catching one reaching a staggering $1 million. Robert Kiyosaki Says He Will Buy More Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, has insisted that the price of bitcoin will hit $150,000 soon. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Commenting on the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Kiyosaki said he is glad he bought bitcoin years ago. He emphasized th...

Jamie Dimon Insists Bitcoin Doesn’t Have Value as JPMorgan Teams up With Blackrock on Spot Bitcoin ETF

JPMorgan Chase CEO Jamie Dimon has insisted that bitcoin doesn’t have value, emphasizing that its use cases are sex trafficking, tax avoidance, money laundering, and terrorism financing. However, JPMorgan has teamed up with Blackrock to help the world’s largest asset manager grow its spot bitcoin exchange-traded fund (ETF) as a lead authorized participant. Jamie Dimon Insists Bitcoin Has No Value The CEO of JPMorgan Chase, Jamie Dimon, still believes that bitcoin has no value even as the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin exchange-traded funds (ETFs) on Wednesday. In an interview with Fox Business on Wednesday, Dimon expressed: I’ve always said that bitcoin doesn’t have value … The actual use cases are sex trafficking, tax avoidance, money laundering, terrorism financing. The JPMorgan executive’s comment echoed his statement made during a Senate Banking Committee’s hearing in December last year. In response to a question by U.S. Senator Eliza...

SEC Chair Gary Gensler Warns Spot Bitcoin ETF Approval Isn’t BTC Endorsement

Amid the excitement surrounding the approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a statement emphasizing that the regulator did not approve or endorse bitcoin by approving spot bitcoin ETFs. Gensler insisted that most crypto assets are securities, warning: “Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.” SEC Chair Gary Gensler’s Statement About Bitcoin Following Spot Bitcoin ETF Approvals After greenlighting spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler issued a statement clarifying the regulator’s stance on bitcoin and cryptocurrency. “Today, the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares,” the SEC chairman began , noting that the agency disapproved more than 20 exchange rule filings for spot bit...

Ethereum Steals the Spotlight — SEC’s Approval of 11 Bitcoin ETFs Meets Tepid Market Reaction

In a landmark decision, the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin exchange-traded funds (ETFs), a move long anticipated by crypto enthusiasts. Despite this historic regulatory nod, the price of bitcoin witnessed stale action over the past 24 hours. In striking contrast, ethereum rallied, marking a 9.1% rise on Wednesday, overshadowing bitcoin’s underperformance. Ethereum Rises as Bitcoin Sees Muted Impact After ETF Approvals The SEC’s decision marks a significant turn in the regulatory landscape for cryptocurrencies. Six years after the Winklevoss Bitcoin Trust became the first Bitcoin ETF to be rejected in March 2017 , the approval of these 11 ETFs represents a watershed moment. However, the market’s response was unexpectedly muted. While such approvals typically fuel bullish sentiments, bitcoin’s price movement remained tepid, suggesting a more complex market dynamic at play. Bitcoin chart by TradingView Experts have been pondering the r...

SEC Chair Gary Gensler Issues Crypto Investing Advice — Lawyers See as Prelude to Spot Bitcoin ETF Approval

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has advised investors to be cautious when considering crypto investments. His advice followed a series of warnings he issued the day before regarding the risks of crypto investing. The SEC is expected to green-light multiple spot bitcoin exchange-traded funds (ETFs) on Wednesday. Gary Gensler’s Advice to Crypto Investors The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, released another statement regarding crypto investing Tuesday, amid market expectations of imminent approval for spot bitcoin exchange-traded funds (ETFs). In a post on social media platform X, Gensler urged investors to be cautious if they are considering an investment involving crypto assets. He warned: “Crypto asset securities may be marketed as new investment opportunities but there are serious risks involved.” The SEC chairman posted a link to an article by Lori Schock, Director of the SEC’s Office of Investor ...

Turmoil in Crypto Market — Misleading SEC Post Triggers Significant Bitcoin Volatility

Bitcoin’s value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). False Spot ETF Approval Post Causes Chaos in Bitcoin Markets This erroneous message from the official Twitter of the U.S. Securities and Exchange Commission (SEC) sparked a rapid increase in bitcoin’s price, soaring close to $48,000 per unit. Yet, this surge was short-lived as the price promptly dropped to around $45,000 once the market recognized the false nature of the announcement. This event stirred unease among investors and crypto enthusiasts, with some drawing parallels to a pump-and-dump strategy. Tennessee Senator Bill Hagerty demanded clarity from the SEC, pointing to possible market manipulation. Hagerty stated : Just like the SEC would demand accountability from a public company if they made such a colossal market-moving mistake, Con...

SEC’s Spot Bitcoin ETF Approval Post Unauthorized — Chair Gary Gensler Says SEC’s X Account Was Compromised

The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency’s social media account was compromised and the post was unauthorized. Some suspect an internal SEC error behind the premature bitcoin ETF announcement. SEC’s ‘Unauthorized’ Spot Bitcoin ETF Announcement Amidst soaring anticipation for potential spot bitcoin exchange-traded fund (ETF) approval, an official U.S. Securities and Exchange Commission (SEC) account on social media platform X announced on Tuesday that the regulator has approved spot bitcoin ETFs for trading on all registered national securities exchanges. As excitement surged across the crypto industry and social media went wild over the fake news, SEC Chairman Gary Gensler quickly took to X platform to clarify that the SEC account was compromised and an unauthorized post claiming spot bitcoin ETF approval was...

SEC Expected to Approve ‘a Handful’ of Spot Bitcoin ETFs on Wednesday, Report

The U.S. Securities and Exchange Commission (SEC) is expected to green-light “a handful” of spot bitcoin exchange-traded funds (ETFs) on Wednesday, potentially unleashing a wave of trading this week. On Monday, 10 applicants submitted their final amendments, including Blackrock, which also filed to register its Ishares Bitcoin Trust as a security. SEC Expected to Green-Light Spot Bitcoin ETFs on Wednesday Monday was filled with anticipation in the spot bitcoin exchange-traded fund (ETF) race as 10 applicants filed final amendments with the U.S. Securities and Exchange Commission (SEC), meeting the regulator’s 8 a.m. deadline. Market expectations of potential approvals sent BTC soaring past $47,000 . As investors eagerly await the SEC decision on spot bitcoin ETFs, CNBC reported Monday that the securities regulator could unlock the gates for several applicants on Wednesday. Reporter Kate Rooney detailed: Bitcoin ETF is now widely expected to get the green light this week. Two so...

SEC Chair Gary Gensler Issues Crypto Warnings as Spot Bitcoin ETF Decision Looms

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings about crypto investing amid soaring anticipation for potential spot bitcoin ETF approvals. The SEC chief stressed that crypto investors “should understand they may be deprived of key info” and “other important protections” in connection with their investment. Gary Gensler’s Crypto Warnings The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, raised concerns about investing in crypto assets in a series of posts on social media platform X Monday. His warnings came amid heightened anticipation for spot bitcoin exchange-traded fund (ETF) approvals. “Some things to keep in mind if you’re considering investing in crypto assets,” the SEC chief began . Firstly, Gensler warned, “Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws,” elaborating: Investors in crypto asset securities should understand they m...

Visa Adopts Web3 Tech for Its New Loyalty Engagement Solution

Visa, a worldwide leader in credit payment technology, has announced that it will include Web3 elements in its customized loyalty program solution. The company partnered with Smartmedia Technologies, a Web3 loyalty rewards startup, to add innovative features to these programs that include virtual worlds, digital wallets, and gamified rewards. Visa Turns to Web3 to Revitalize the World of Loyalty Rewards Programs Visa, one of the largest payments companies in the world, is adding Web3 elements to its loyalty program solution. The company announced that it was revitalizing its traditional engagement solution with Web3 elements to catch the attention of a new kind of customer with more expectations about rewards than just receiving points. For this, Visa partnered with Smartmedia Technologies, a startup that allows adding virtual and digital experiences to rewards programs. Smartmedia has worked with American Express, Accenture, Axe, and Vodafone. Kathleen Pierce-Gilmore, SVP and G...

Luetkemeyer’s Exit Sets Up Potentially Crypto-Friendly Turn in House Banking Committee

Rep. Blaine Luetkemeyer’s retirement at the end of 2024 opens the door for a new era in cryptocurrency regulation, with Rep. French Hill (R-Ark.) poised to lead the charge in the House Financial Services Committee. Shift in House Financial Services Committee Leadership Could Lead to More Progressive Crypto Legislation In a move that could impact the future of cryptocurrency regulation, U.S. Rep. Blaine Luetkemeyer (R-Mo.) announced his retirement at the end of 2024. This decision leaves a potential opening for a more crypto-friendly chairmanship of the House Financial Services Committee, following the departure of the current chair, Patrick McHenry, in early 2025 when his term ends. pic.twitter.com/Kp2TmrR7jw — Blaine Luetkemeyer (@RepBlaine) January 4, 2024 Luetkemeyer, who currently holds a position on the House Financial Services Committee, had expressed interest in running for McHenry’s chairmanship. His retirement opens the door for Rep. French Hill (R-Ark.), known for lea...

Michael Saylor Warns of Deepfake Bitcoin Giveaway Scams Featuring Him and Microstrategy

Microstraetgy’s executive chairman, Michael Saylor, has warned about new bitcoin giveaway scams using AI-generated deepfake videos featuring him and his company. “There is no such thing as a free lunch,” the Microstratgy executive stressed. The deepfake Saylor urges investors to send him bitcoin or ether, promising to double any amount sent. Saylor Warns of Deepfake Bitcoin Giveaway Scams A wave of scams targeting cryptocurrency investors using AI-generated deepfake videos has swept across platforms like Youtube and X, with Ripple CEO Brad Garlinghouse and Microstrategy executive chairman Michael Saylor among the prominent figures featured. On Friday, Saylor issued a warning about fraudulent deepfake videos of him and Microstrategy giving away bitcoin appearing on Youtube. The AI-generated videos prompted him to urge his followers to exercise caution, emphasizing: “There is no such thing as a free lunch.” The video shows a deepfake of Saylor urging viewers to send him bitcoin, p...

Former Bitmex Chief Predicts 30% BTC Correction — Warns Spot Bitcoin ETFs Could Make It Worse

Former Bitmex CEO Arthur Hayes is cautioning about a potential 30% correction in the bitcoin market. “The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already commenced trading,” he warned. “I could easily see a 30% to 40% correction due to a dollar liquidity rug pull.” Ex-Bitmex Chief’s Bitcoin Predictions Former Bitmex CEO Arthur Hayes outlined his bitcoin price forecast in a Medium post published last week. He also discussed the impact of spot bitcoin exchange-traded funds (ETFs) on the price of bitcoin. The U.S. Securities and Exchange Commission (SEC) is expected to approve multiple spot bitcoin ETFs early next week. Noting that he expects three variables to “collide with each other in March,” the former Bitmex boss predicts: I expect bitcoin to experience a healthy 20% to 30% correction from whatever level it has attained by early March. The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already co...

SEC Issues ‘Fear of Missing Out’ Warning Ahead of Spot Bitcoin ETF Decision

The U.S. Securities and Exchange Commission (SEC) has warned investors about fear of missing out (FOMO). “Just because others might buy a particular investment, doesn’t mean it’s the right opportunity for you,” the SEC noted. “We’ve all seen the increased interest in online investing and the explosion of digital assets and meme stocks. Understanding these kinds of investments may seem overwhelming.” SEC’s FOMO Warning The U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy issued a warning on social media platform X Saturday about the risks of fear of missing out (FOMO). This is the fifth piece of advice in a recent series from the agency. “‘NO GO to FOMO’ (fear of missing out),” the Office wrote, explaining that seeing others invest in a particular investment doesn’t make it the right choice for you. The SEC then urged investors to find out which investments are right for them and their investing goals. The SEC’s warning post references an a...

Blackrock Expects SEC to Approve Spot Bitcoin ETF This Wednesday

Blackrock, the world’s largest asset manager, reportedly expects its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust, to be approved by the U.S. Securities and Exchange Commission (SEC) this coming Wednesday. According to reports, the asset manager has lined up over $2 billion in capital for its spot bitcoin ETF launch. Ishares Bitcoin Trust’s Approval Expected Wednesday Anticipation for the U.S. Securities and Exchange Commission (SEC)’s upcoming decision on spot bitcoin exchange-traded funds (ETFs) has reached a fever pitch, with analysts predicting that the regulator may approve multiple applications at once early next week. Jan. 10 is the deadline for the SEC to make a decision on the joint spot bitcoin ETF proposal by Cathie Wood’s Ark Invest and 21shares. While some believe that a decision could come as soon as Monday, Blackrock, the world’s largest asset manager, expects the SEC to approve its spot bitcoin ETF, the Ishares Bitcoin Trust, on Wednesday, acco...

Former Citi Executives Launch New Bitcoin Product That Bypasses SEC Approval

A group of former Citigroup executives has introduced a new product called bitcoin depository receipts. They explained that this crypto product does not need to be registered with the U.S. Securities and Exchange Commission (SEC). The new offering aims to be a “complementary” product to spot bitcoin exchange-traded funds (ETFs) that the securities regulator is expected to approve early next week. ‘The First-Ever Bitcoin Depositary Receipt’ Launches A startup called Receipts Depositary Corporation (RDC), formed by a group of former Citigroup executives, announced the launch of “the first-ever bitcoin depositary receipt ( BTC DR)” on Thursday. Bitcoin depositary receipts are similar to American Depositary Receipts (ADRs) for foreign stocks, RDC explained, adding that they operate within U.S.-regulated market infrastructure and are cleared through the Depository Trust Company (DTC). The announcement details: RDC expects to issue the first BTC DRs in transactions exempt from regi...

Concerns Mount Over Potential SEC Rejection of Spot Bitcoin ETFs, Analyst Weighs In

The possibility of the U.S. Securities and Exchange Commission (SEC) rejecting spot bitcoin exchange-traded funds (ETFs) became a concern after financial watchdog group Better Markets called on the securities regulator to reject spot bitcoin ETFs, warning that approvals will lead to “financial carnage” and “massive investor harm.” The SEC is expected to make a decision on spot bitcoin ETFs early next week, and trading could begin as soon as Jan. 11. Will SEC Reject Spot Bitcoin ETF Applications? Concerns gripped the crypto community following Friday’s letter from Better Markets, a financial watchdog group, urging the U.S. Securities and Exchange Commission (SEC) to reject spot bitcoin exchange-traded funds (ETFs). The group argued that the SEC has a legal obligation to deny these applications, warning of potential “financial carnage” and “massive investor harm” if spot bitcoin ETFs are approved. The group features Senator Elizabeth Warren (D-MA) as a top testimonial on its website...

Blackrock Lines up $2 Billion for Spot Bitcoin ETF Launch, Sources Say

Blackrock, the world’s largest asset manager, has reportedly lined up more than $2 billion for its spot bitcoin exchange-traded fund (ETF) within days of launch. Vaneck’s head of digital assets research and a Bloomberg ETF analyst have independently verified with their sources that Blackrock has a “big day one” capital lined up for its spot bitcoin ETF. Blackrock Prepares for ‘Big Day One’ of Spot Bitcoin ETF Launch The world’s largest asset manager has reportedly lined up $2 billion in capital for its upcoming spot bitcoin exchange-traded fund (ETF) launch, according to Vaneck’s head of digital assets research, Matthew Sigel. Vaneck is among the asset managers that have filed to launch a spot bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). Blackrock, Vaneck, and nine other spot bitcoin ETF applicants are waiting for the green light from the SEC to launch spot bitcoin ETFs. Sigel revealed during an X Space discussion hosted by The Block on Friday: I heard from...

Watchdog Group Warns SEC: Reject Spot Bitcoin ETFs or Face ‘Financial Carnage’

Financial watchdog group Better Markets has called on the U.S. Securities and Exchange Commission (SEC) to reject spot bitcoin exchange-traded funds (ETFs), warning that they “will inflict massive investor harm.” The organization features U.S. Senator Elizabeth Warren’s testimonial on its website. Its president, who is reportedly close to SEC Chairman Gary Gensler, warned the securities regulator that it “must not facilitate the financial carnage that will follow.” SEC Must ‘Follow the Law and Reject’ Spot Bitcoin ETFs On Friday, Better Markets filed a supplemental comment letter with the U.S. Securities and Exchange Commission (SEC) detailing why the securities regulator should reject applications to launch spot bitcoin exchange-traded products (ETPs), which include bitcoin exchange-traded funds (ETFs). Better Markets is a non-profit, non-partisan, independent organization based in Washington, D.C. It is dedicated to promoting the public interest in financial reform, financial m...

Asset Manager Vaneck Pledges to Donate 5% of Spot Bitcoin ETF Profits to Bitcoin Core Developers for 10 Years

Asset management firm Vaneck has pledged to donate 5% of its spot bitcoin exchange-traded fund (ETF) profits to support Bitcoin Core developers for at least 10 years. The company is currently awaiting approval from the U.S. Securities and Exchange Commission (SEC) to launch its spot bitcoin ETF. The securities regulator is expected to approve multiple applications early next week. Vaneck to Donate 5% of Spot Bitcoin ETF Profits Asset manager Vaneck pledged financial support for Bitcoin Core developers on Friday, ahead of the U.S. Securities and Exchange Commission (SEC)’s decision on its spot bitcoin exchange-traded fund (ETF) application. Vaneck is one of 11 companies vying to launch the first U.S. spot bitcoin ETFs. “We’re not Bitcoin tourists at Vaneck. We’re in it for the long haul,” Vaneck wrote on social media platform X Friday. The asset manager added: That’s why we made an initial $10k donation and signed a pledge to donate 5% of our bitcoin ETF profits (if approved) to s...

New Year, New Record — Bitcoin’s Difficulty Rises 1.65% in First 2024 Retarget

Bitcoin’s network difficulty experienced its first increase of 2024 on Jan. 5, at block height 824,544, rising 1.65% to an unprecedented network peak of 73.2 trillion. This inaugural adjustment of the year succeeds the 27 dynamic shifts witnessed in 2023, including a total of 20 increases. Bitcoin’s Difficulty Hits 73.2 Trillion On Jan. 5, 2024, Bitcoin once again broke another record in terms of how difficult it is to discover a bitcoin ( BTC ) block reward. The network’s difficulty rose to 73.2 trillion after a 1.65% uptick on Friday evening Eastern Time (ET). The change occurred at precisely 7:41 p.m. (ET) at block height 824,544 and it follows the 6.98% increase that took place nearly two weeks ago at block height 822,528. Fundamentally, Bitcoin’s difficulty represents a metric reflecting the challenge involved in identifying a block subsidy to append a fresh block to the blockchain. The difficulty level changes every two weeks, give or take, to maintain a consistent block t...
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