Robert Kiyosaki and Binance Founder Share Advice on Buying Bitcoin Amid FOMO

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Robert Kiyosaki and Changpeng ‘CZ’ Zhao, well-known figures within the cryptocurrency realm, have publicly offered their insights on Bitcoin. In a post on X, they expressed their fondness for BTC and their eagerness not to let this accumulation chance slip away. This endorsement appears to have sparked Bitcoin’s price increase, contributing significantly to its rise in the past 24 hours.

Robert Kiyosaki and Binance Founder CZ on Bitcoin

In simpler terms, Robert Kiyosaki – the writer of “Rich Dad Poor Dad” – shared on X platform his strong affection for Bitcoin. He stressed that purchasing even a small amount of Bitcoin (one Satoshi) could potentially make one wealthy over time. Kiyosaki concluded his post by suggesting that only individuals who miss out on this opportunity to become rich with Bitcoin might be considered unintelligent.

Changpeng ‘CZ’ Zhao, the head of Binance, shared a post on X that hinted at his backing for Bitcoin tokens. In his message, he acknowledged that fear of missing out (FOMO) is common, but urged caution in actions. This implies that while Zhao suggests considering buying Bitcoin when its price is lower, he also advises crypto investors to be mindful due to the unpredictable nature of cryptocurrencies, particularly Bitcoin.

Everyone has FOMO. Just do it responsibly.

— CZ BNB (@cz_binance) January 15, 2025

Impact on BTC Price

In the past 24 hours, Bitcoin’s price has experienced a significant increase by more than 2%. Currently, it is being traded above $97,000, which marks a year-on-year growth of approximately 126.87%. Throughout the day, the price of Bitcoin has been steadily climbing, starting at around $94,823.5.

This event has sparked discussions that its value could dramatically increase in the near future, particularly as Donald Trump nears taking office as U.S. President. The unexpectedly low Producer Price Index (PPI) figures on Tuesday suggest that Bitcoin’s price might surge by 26.38% over the next 30 days, with a volatility of 3.53% and an FGI of 63 points. Data from Coinglass indicates that Bitcoin has experienced a rise in bullish sentiment due to increased demand from the derivatives market.

Earlier Support for Bitcoin

Previously, Changpeng ‘CZ’ Zhao and Robert Kiyosaki have voiced their backing for Bitcoin on multiple occasions. On a Tuesday occasion, Binance’s founder hinted at purchasing Bitcoin dips, as there was speculation that Donald Trump would enact significant crypto-related executive orders during his initial period as U.S. President. At that time, CZ likened this opportunity to the early stages of Bitcoin, when the cryptocurrency was initially gaining popularity on the market or when its prices were first showing signs of growth on the price chart.

In a similar vein, Robert Kiyosaki previously viewed the Bitcoin crash as positive news, highlighting his intention to keep purchasing Bitcoin since such a price drop represented a chance to acquire the digital currency at a reduced cost.

As a researcher exploring the world of cryptocurrencies, I’ve recently noticed some intriguing developments. JPMorgan, a key player in the financial sector, has finally weighed in on potential Solana and XRP Exchange Traded Funds (ETFs). They suggest that these ETFs could potentially attract an influx of $15 billion within their first year. This endorsement is undeniably fueling the widespread adoption of cryptocurrencies, and as a result, we’re seeing a significant rise in the price of Bitcoin.

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2025-01-15 10:48