Indeed, Kiyosaki voiced his opinion that he didn’t consider FTX the representative of the entire crypto industry, as he explained in his interview with iHeart radio host and ‘Uncommunist Manifesto’ author Mark Moss, published on November 21. Specifically, he said: According to Kiyosaki, a lot of people in his age demographic are staying away from crypto, especially after the recent crisis, but he is still a believer:
FTX crash continues causing chaos
As a reminder, the wide-reaching trouble in the crypto market started after Sam Bankman-Fried’s crypto exchange halted clients’ withdrawals citing a liquidity crunch. In the chaos that ensued, most decentralized finance (DeFi) tokens suffered a dramatic decline in price, including BTC and ETH. At press time, Bitcoin was changing hands at $15,699, breaking the previous support at $15,800 and losing 2.07% on the day and 7.13% across the previous week, as charts show. The current price also represents a cumulative loss of 18.19% on Bitcoin’s monthly chart, while its market capitalization stands at $301.7 billion, as per combined Finbold and CoinMarketCap data retrieved on November 22. Meanwhile, Kiyosaki has remained one of the most vocal supporters of crypto, particularly of Bitcoin (BTC), which, as he affirmed in the interview, had purchased at around $6,000 and was still holding on to it. Featured image via The Rich Dad Youtube Channel Watch the entire video below: Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
