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Amidst the strong performance of the stock and crypto market, Robert Kiyosaki, the acclaimed investor and author of the best-selling personal finance book ‘ Rich Dad Poor Dad ,’ has decided to share some ominous what-if scenarios for dollar and hyperinflation.  More precisely, he pointed his finger at the White House, Federal Reserve, and Treasury and asked what if, instead of deflation, we had a case of hyperinflation and dollar crash due to their mistakes in his latest post on X on January 11. He said that is why he bought five more Bitcoin (BTC) on the same day as a failsafe mechanism. INFLATION or DEFLATION? What if the PhDs at White House, Treasury & Fed put economy into HYPERINFLATION? I hope not…but what if our leaders F’up, the dollar collapses and we have HYPERINFLATION? That’s why I bought 5 more Bitcoin today. What are you going to do? Trust your… — Robert Kiyosaki (@theRealKiyosaki) January 11, 2024 Just recently, Kiyosaki blamed U.S. President Joe Bi...

Robert F. Kennedy Jr. has been a vocal supporter of Bitcoin. The 2024 presidential candidate has time and again made promises outlining the policies that he will enact if he is elected to power. Talking at a recent event, he assured Americans that they will not be liable to pay tax es on Bitcoin to U.S. dollar conversions. Specifically, he said, “The Kennedy Administration will exempt the conversion of Bitcoin to the US Dollar from capital gains tax es.” JUST IN: 🇺🇸 Presidential candidate Robert F. Kennedy Jr. says he will exempt #Bitcoin to US dollar conversions from capital gains tax es. — Watcher.Guru (@WatcherGuru) July 19, 2023 Also Read: U.S. SEC, CFTC Can Work Together on Crypto Rules: Caroline Pham Kennedy’s regulatory stance The securities v. not a securities debate got settled to a fair extent after the recent verdict in the Ripple case. The retail use of the asset was off the hook, as XRP was deemed to not be...

BRICS countries are advancing to eliminate the U.S. dollar financial system and replace it with a new currency. The yet-to-be-released tender will take on the dollar and challenge its status as the global reserve. The five nations’ bloc aims to promote either their native currencies or the new tender to settle cross-border transactions. Moreover, the move has impressed other countries that now want to be a part of the BRICS alliance. Also Read: Ahead of Joining BRICS , Iraq Issues Ban on U.S. Dollar Transactions South Africa’s Foreign Affairs Minister, Naledi Pandor confirmed that BRICS is receiving a surge of interest from several countries. Pandor also revealed that the alliance is sorting out the surge by scrutinizing the nations that want to join the bloc. According to a report from Telesur, BRICS is looking to allow like-minded countries to join the group. BRICS Attracts Interest From New Countries to Ditch U.S. Dollar Source: ChinaDaily.com The inclusion of new coun...

Bitcoin price has flashed a few bullish signals, but traders are not too keen on adding leverage longs until after the Federal Reserve shows its cards on Feb. 1. Bitcoin (BTC) price had a mixed reaction on Jan. 25 after the United States reported a 2.9% gross domestic product growth in the fourth quarter, slightly better than expected. Still, the sum of all goods and services commercialized between October and December grew less than 3.2% from the previous quarter. Albeit somewhat optimistic, another data set limiting investors' confidence was news that the U.S. Federal Reserve (FED) would revert its contractive measures anytime soon as U.S. durable goods orders jumped 5.6% in December. The indicator came in much higher than anticipated, so it could potentially mean that Interest Rates could be increased for a little longer than expected. Oil prices are also still a focus for investors, with crude WTI approaching its highest level since mid-September, currently trading at $81.50. ...