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Robert Kiyosaki, the best-selling author of ‘Rich Dad Poor Dad’ , has again thrown his weight behind Bitcoin (BTC), now recommending increased accumulation of the digital asset. According to the investor, he is not only holding the cryptocurrency but is actively buying more as the asset trades above the crucial $100,000 spot, he said in an X post on May 17.  Kiyosaki believes Bitcoin will surge to $250,000 this year, doubling down on his prediction amid what he describes as a collapsing global financial system. For the long term, he sees BTC hitting $1 million.  The financial educator warned that the “Marxist Central Bank system” is unraveling, arguing that alternative commodities such as gold, silver, and Bitcoin will thrive as fiat currencies and traditional institutions lose credibility and stability. GOOD NEWS for people with not much money. I am buying more silver eagles today. The good news is silver is the biggest investment bargain today. ...

Galaxy Research has put forward a proposal to adjust the voting system that determines the outcome of future Solana inflation with the aim of bringing down inflation rates. Galaxy introduced the proposal, titled, “Multiple Election Stake-Weight Aggregation (MESA)” yesterday. According to the researchers , this proposal is a “more market-based approach to agreeing on the rate of future SOL emissions.”  Galaxy Digital Pushes For A Weighted Average Approach In Solana Voting Currently, the Solana network uses a traditional yes/no voting system to determine inflation rates. In Galaxy’s proposed voting mechanism, validators will be able to vote on multiple deflation rates. The weighted average of these votes is then used as the outcome. Galaxy’s proposal follows the SIMD-228 proposal, which pitched the idea of changing Solana’s inflation system from a fixed schedule to a more dynamic and market-based model.  SIMD-228 also showed Solan...

The US dollar forecast for 2025 reveals unexpected strength, rising a surprising 7% in 2024 despite two Fed rate cuts. This remarkable resilience has caught many analysts by surprise and also raises important questions about de-dollarization efforts, BRICS currency initiatives, Trump’s tarrifs, and various economic policies that are currently shaping global markets. Also Read: Shiba Inu (SHIB) Forecasted To Rise 7,000%: Here’s When BRICS, Inflation, And The 2025 US Dollar Forecast Explained Source: CNBC Growth Supporting Dollar Dominance The US dollar forecast for 2025 from J.P.Morgan indicates continued strength for the foreseeable future. While the DXY Index actually peaked back in 2022, the real broad effective exchange rate remains near historic highs and is currently sitting about two standard deviations above its 50-year average, which is quite remarkable. America’s economy is projected to grow approximately 2.7% in 2025, significantly outpacing the 1.7% forecast for o...

Leading financial analyst and gold proponent Peter Schiff explained on X how China could easily crash the US dollar now. His bold statements come after China recently dumped $23 billion worth of US Treasuries and trimmed its dollar holdings. China held $1,350 billion worth of US Treasuries in 2012 and steadily cut the holdings for over a decade. It now holds only $760 billion worth of US Treasury bonds and is diversifying its reserves with gold. Also Read: UK Tests Offline CBDC Payments—What This Means for Bitcoin and Privacy Coins Source: US Treasury Department China Could Bring the US Dollar in Just 3 Steps, Says Peter Schiff Source: iStock Veteran analyst Peter Schiff explained that the US could lose the trade wars if China just pulls three strings. He said that China needs to dump all its US Treasuries and replace its central bank reserves with gold. The move will reduce the power of the USD and bring inflation in the homeland if the White House fails to import the USD. Also Read: ...

New Consumer Price Index (CPI) values — a number important for tracking inflation in prices that consumers are paying — released by the United States Bureau of Labor Statistics indicated a 3% increase over the last 12 months.  For January exclusively, the increase in the CPI was 0.5%.  Despite bitcoin (BTC) often being marketed as an inflation hedge, its relationship to inflation is more complex than that. Today, BTC has fallen approximately 1.6% according to data from CoinMarketCap.  Read more: Price of eggs rising faster than bitcoin in Trump’s America  However, if you “zoom out” for the total year that this inflation data represents, BTC has increased by approximately 97%, a much larger increase than the relative devaluation of the dollar. Ethereum, for its part, has seen its price fall approximately 2.5% today but an increase of 3.5% over the last year. This is surprisingly close to the change in the value of the dollar. ...

Investors have now started flocking to the budding ASEAN markets as their next destination, leaving the US behind. Assumptions concerning weak US data and rising inflationary pressure affect investor sentiment, turning them all towards emerging ASEAN markets to find solid commercial footing. Also Read: Bitcoin (BTC) & Ethereum (ETH) Price Prediction For September 2024 Emerging Sectoral Supremacy in ASEAN Markets Image Source: Pixabay As expectations of the US interest rate cut grow more robust, the commercial sectors and investors look forward to exploring new trade opportunities in Southeast Asia. Rising inflation metrics have pushed investors to infiltrate the ASEAN market in search of novel trade proceedings. Reacting sharply to this change, Southeast Asian stock markets have recorded notable stock surges, welcoming the new wave of change within the economic circuit. The upcoming September rate has spurred the current rally in notable southeast stocks cut expectations. In his re...

Amid his repeated warnings about a potentially devastating economic crisis, popular investor and finance author Robert Kiyosaki has sounded alarm on, as he called it, “fake money ” controlled by “Marxists” in the American government, as well as the lengthy inflation at the country’s doorstep. Indeed, Kiyosaki voiced his opinion that the current United States President, Joe Biden, had “caused inflation to rise, making life harder for the poor and middle class” after cutting the Keystone XL pipeline, which “caused the price of oil to rise from $30 to $130 in just one week,” per his X post on June 9. Inflation taking hold Furthermore, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ warned that “inflation will be with us for years” despite his belief that Biden will not win the presidential elections, as he argued that the “liberal academic ‘swamp’ that brought the Biden crime family to power… are still in power.” ...

The proposal secured a narrow passage, garnering 41.1% approval votes compared to 38.5% disapproval, marking the highest turnout vote in the Cosmos ecosystem. The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, ATOM (ATOM), from approximately 14% to 10%. As per the proposal, the authorized modification would reduce Atom’s annualized staking yield from around 19% to approximately 13.4%. The Cosmos Hub is the primary blockchain within the Cosmos network, a system of interlinked blockchains. The native token of the Hub is Atom, employed for staking, governance, and transaction fees. The proposal secured a narrow passage, garnering 41.1% approval votes compared to 38.5% disapproval, marking the highest turnout vote in the Cosmos ecosystem. Initially expected to fail shortly before the deadline, a last-minute influx of votes and some reversals from validators narrowly tilted the outcome in favor. Screenshot of the proposal  ...