Robert Kiyosaki predicts historic crash, Gary Gensler sets aggressive crypto crackdown, crypto bloodbath results in $1.5 billion liquidated, and more in this Week in Review.
Kiyosaki Predicts Historic Crash, Gensler's Crypto Crackdown, and More — Week in Review
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Week in Review
Robert Kiyosaki has predicted an unprecedented economic collapse, advising investors to reconsider their asset allocations. Meanwhile, SEC Chair Gary Gensler has reportedly intensified efforts for a robust crypto crackdown, raising concerns about regulatory overreach. The crypto markets faced a downturn as Bitcoin plunged to $94K, leading to $1.5 billion in liquidations and a 6.31% market contraction. On a brighter note, XRP’s recent price climb to $2.42 has sparked optimism about another potential rally, while privacy coins like monero ( XMR) surged 7.8% in a single day.
Robert Kiyosaki Predicts Historic Crash
Rich Dad Poor Dad author Robert Kiyosaki warns of an imminent economic collapse, urging swift action as baby boomers… read more.
Editor’s comment: Of the three major assets Kiyosaki suggests selling, I only agree that bonds might be worthwhile to derisk long term.
Gary Gensler Quietly Sets Aggressive Crypto Crackdown in Motion
SEC Chair Gary Gensler is orchestrating a last-minute push to cement aggressive crypto enforcement, with secret… read more.
Editor’s comment: It appears Gary Gensler and others in the Biden administration are ignoring the wishes of the American people who clearly voted for change.
Crypto Bloodbath: $1.5 Billion Liquidated as Bitcoin Crashes to $94K
Monday proved to be a tough day for cryptocurrency markets, with the crypto economy shrinking by 6.31% in just… read more.
Editor’s comment: For people who have been in crypto for a cycle or two, the drawdowns so far in the past four to six weeks have been pretty lackluster.
XRP Uptrend Intact—Is XRP Setting Up for Another Moonshot?
XRP has displayed a strong recovery over recent days, with prices climbing to $2.37 to $2.42 over the past… read more.
Editor’s comment: If retail is well and truly back, I bet XRP will pump..
Privacy Coins Take Center Stage: $7.38B Market on the Rise
Privacy coins are enjoying a boost this Wednesday, with the sector gaining 7.8% in just 24 hours. Monero ( XMR) led the charge… read more.
Editor’s comment: As a strong supporter of privacy coins, I’m happy to see them get a little love.
