- Robert Kiyosaki recently advised market participants to buy Gold, Silver and Bitcoin.
- A group of FTX investors recently slapped YouTubers with a $1 billion lawsuit for promoting the now-defunct exchange.
- FTX investors alleged that internet influencers pushed unregistered securities on viewers and are seeking damages in a class action lawsuit.
Robert Kiyosaki, crypto influencer and the author of the book Rich Dad, Poor Dad recently advised traders to buy Gold, Silver and Bitcoin. Kiyosaki’s tweet comes at a time when YouTubers and crypto influencers have been hit by a class action lawsuit for promoting unregistered securities.
Also read: Will Cardano network activity by ADA whales fuel a price rally in the Ethereum-killer?
Robert Kiyosaki advocates purchase of Gold, Silver and Bitcoin
Robert Kiyosaki, one of America’s leading influencers, commented on the recent collapse of Silicon Valley Bank. The Rich Dad Poor Dad author recommended that market participants buy Gold, Silver and Bitcoin amidst the ongoing uncertainty.
SILICON Valley Bank -SILVERGATE Bank-SIGNATURE Bank. They went WOKE and went BROKE. Crash and Crisis just starting. Pensions, IRAs, 401ks went WOKE going broke. Buy more G,S, BC. TAKE CARE.
— Robert Kiyosaki (@theRealKiyosaki) March 15, 2023
Kiyosaki’s advocacy for Bitcoin comes at a time when YouTubers and crypto influencers are facing flak for their promotion of defunct-exchange FTX’s unregistered securities. FTX’s investors recently grouped together to file a class action lawsuit against BitBoy crypto creator Ben Armstrong and Graham Stephen alongside other individuals and talent management firm Creators Agency.
Class action lawsuit filed by FTX investors
The lawsuit seeks over $1 billion in damages and accuses the creators of promoting the sale of unregistered securities. FTX exchange is now defunct after its collapse in November 2022, while investors are left scrambling to recover their funds from the platform.
Armstrong argued that he never received payment from FTX exchange and plans on countersuing. The creator of BitBoy says that the allegations against him are 100% false and it will be extremely easy to provide evidence of the same.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Polygon joins forces with WSPN to expand stablecoin adoption
WSPN, a stablecoin infrastructure company based in Singapore, has teamed up with Polygon Labs to make its stablecoin, WUSD, more useful in payment and decentralized finance.
Coinbase envisages listing of more meme coins amid regulatory optimism
Donald Trump's expected return to the White House creates excitement in the cryptocurrency sector, especially at Coinbase, the largest US-based crypto exchange. The platform is optimistic that the new administration will focus on regulatory clarity, which could lead to more token listings, including popular meme coins.
Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B
As Bitcoin (BTC) gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — capital is rotating into alternative cryptocurrencies, creating a buzz in the broader crypto market.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: Rally expected to continue as BTC nears $100K
Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.