Gloomy Crypto Future? Book Author Warns We’re In The Biggest Bubble In History

Name	Symbol	Market	Market Cap ($)	Algorithm
Secret	SCRTUSD	Crypto	201,227,358	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Secret

SCRTUSD

Crypto

201,227,358

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.1085	18.66%	0.690	0.690	0.6906

Price Change

Price Change %

Current Price

Bid Price

Offer

0.1085

18.66%

0.690

0.6906

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.719	0.5755	0.5815	0.5815	0.161700 - 0.862500

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.719

0.5755

0.5815

0.161700 - 0.862500

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	21:46:53	15.66	0.690	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

21:46:53

15.66

0.690

USD

Price x Volume	Volume	Base Symbol	Related Pairs
620,154.61	933,417.60	SCRT	SCRTEUR	SCRTGBP	SCRTBTC

Price x Volume

Volume

Base Symbol

Related Pairs

620,154.61

933,417.60

Gloomy Crypto Future? Book Author Warns We’re In The Biggest Bubble In History

11/03/2022 3:33pm

NEWSBTC

Famous “Rich Dad, Poor Dad” author Robert Kiyosaki has predicted a bleak future for the economy and the crypto market. He says we live in the largest bubble in human history — with stocks, real estate, commodities, and oil all experiencing bubbles. Kiyosaki added that hyperinflation and despair are on the table as well. Crypto Prediction The book author predicts that the US government will seize all cryptocurrencies when US President Joe Biden signs an executive order on cryptocurrency — which the President did, on Wednesday. Bitcoin is out, he writes, and a “Fed crypto” will be launched following the signing of Biden’s EO. Kiyosaki has warned of depression in the past, and this is no exception. As recently as December of last year, he cautioned that a major economic disaster was in the offing. Related Article | Massive Amount Of ‘Sleeping’ Bitcoin Moved After More Than 11 Years In Hibernation Decentralized cryptocurrencies such as bitcoin and ether cannot be frozen or seized inside the network itself. “This is why he is so enthusiastic about bitcoin,” according to US Senator Ted Cruz. Biden Signs Crypto EO Biden’s crypto directive is aimed at creating a “national strategy for digital assets across six important goals.” A government strategy to manage the dangers and utilize the potential advantages of digital assets is outlined in the executive order, among other key factors. The presidential order asks the Treasury and other agencies to “review and produce policy recommendations” to “protect US consumers, investors, and companies.” Related Article | Bitcoin On Course To Hit $100K Nine Months From Now, Bitbull CEO Predicts Biden’s executive order also calls for a report on the future of money and payment systems by the secretary of the Treasury. The second objective is to “maintain financial stability in the United States and across the world.” Crypto total market cap at $1.736 trillion on the daily chart | Source: TradingView.com The Treasury’s Role Treasury Secretary Janet Yellen says the Treasury will expand upon the National Risk Assessments, which highlight crucial illicit financing concerns linked with digital assets under the presidential order. As the fourth objective, the Department of Commerce is being directed to develop an adequate framework to “advance US leadership in technology and economic competitiveness to strengthen US leadership in the global financial system.” A Danger To The Financial Market? For his part, Cornell University economics professor Eswar Prasad discussed Biden’s EO on cryptocurrency regulation with CNBC. Prasad has warned about the dangers of bitcoin to the stability of monetary and financial markets. He said the goal behind the executive order is to “start thinking about the usefulness of these diverse assets and technologies and thus govern them.” Meanwhile, Kiyosaki said he plans to “be an entrepreneur as a second option.” “Stay out of the stock market, construct your assets, and utilize debt as $,” he said. Featured image from Intelligence Squared, chart from TradingView.com

	Real-time Prices	Level 2
London Stock Exchange
Chi-X Europe
BATS Europe
Aquis Exchange
FTSE Indices
Euronext
New York Stock Exchange
NASDAQ
American Stock Exchange
Dow Jones Indices
Forex
Precious Metal

	Real-time Prices	Level 2
London Stock Exchange
Chi-X Europe
BATS Europe
Aquis Exchange
New York Stock Exchange
NASDAQ
American Stock Exchange
Dow Jones Indices
Precious Metal

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

SCRTUSD Secret