With government bodies discarding cryptocurrencies and the private sector accelerating its foray into the cryptoverse, the general public is yet to take sides. In fact, several crypto-proponents have started to reach out to investors for their endorsement on the industry. A recent tweet shared by @Ta_Giggs has been gaining traction for all the right reasons.
The tweet highlighted the interest of a major American tycoon, in the world of cryptocurrencies. The tweet read,
“Even big investment tycoons like @theRealKiyosaki speaks of cryptocurrency, don’t be left out on crypto investment.”
What caught the attention of crypto-enthusiasts however, were the screenshots attached to the tweet. The screenshots highlighted Robert Kiyosaki’s personal opinion on the inevitable rise of cryptocurrency.
Kiyosaki’s email specifically stated that ‘Crypto is the future,’ followed by a warning to the recipient. The warning read,
“You can either get left behind or prepare to become MEGA wealthy.”
He further wrote that the elimination of a middleman will help the world monetary system reduce dependence on the bond market. The email also expanded on the ‘freedom’ aspect of cryptos, while discounting reliance on traditional Wall Street or NASDAQ exchanges. The email also touched upon the rise of a “new way of raising capital through ICOs.”
Kiyosaki also asked the sender to note how “many international banks have stopped sending digital dollars and have started sending crypto transfers instead.” Contrary to Warren Buffet’s opinion on cryptocurrencies, he added that the US Dollar is already being replaced, without anyone noticing.
And while it’s not clear as to who the recipient was or what the overarching intention behind the email was, screenshots of the same are quickly gaining attention on Twitter. It should be noted, however, that Kiyosaki hasn’t come out publicly in favor of cryptocurrencies yet, neither has he commented on the screenshots that have been shared on social media nor has he confirmed the authenticity of the same.
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Bitcoin falls by over 5% in an hour as major correction ensues; altcoins follow suit
Bitcoin [BTC], the largest cryptocurrency in the world, revisited its glorious highs over the past few weeks. However, it would seem that Bitcoin is falling back to earth since the coin was falling by 5.88% in an hour, at press time.
The coin while falling by 5.88% over the hour, was being traded at $12,251 on Bitstamp exchange. The market cap of the coin was reported to be $224 billion and the 24-hour trading volume was $41.813 billion. Over the past 24 hours, BTC fell by 9.55%, while noting a growth of 35.78% over the week.
The Bitcoin community was rooting for the coin to cross $14k and after the strong bullish momentum showcased by the coin, the target was not a far fetched one. However, the crash suddenly pulled its price below $13k. Twitter user, @aquinastheory, explained the trend,
“First MA/EMA cross to the downside since June 2nd and the time before May 4th. Either new distribution/accumulation is gonna occur here within the next few days, weeks or we’re going down for sure. #bitcoin $btc #crypto #forexsignals”
The coin was highly traded on Binance with BTC/USDT pair, reporting a trading volume of $1.881 billion. BW.com followed Binance, noting a volume of $1.686 billion with BTC/USDT pair. The third place was taken by Huobi Global with BTC/USDT pair, with the volume reported to be $1.578 billion.
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