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The Shiba Inu price trades at $0.00001297 following a 1.26% gain over the last 24 hours, at press time. The token has developed an inverse head and shoulders pattern, implying a potential bullish reversal in case the neckline resistance is breached. Also, a recent surge in token burns and a security upgrade of Shibarium have
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Rich Dad Poor Dad author Robert Kiyosaki has once again made headlines with his recent hint of what will happen if the BTC price crashes to $300. In a recent X post, Kiyosaki hinted that the US might enter into a “Great Depression” period and Bitcoin price might witness a massive crash. However, despite that, he has doubled down on the flagship crypto, reflecting his long-term outlook on the flagship crypto.
Robert Kiyosaki has recently shared an X post, which has sparked speculations over a potential BTC price crash ahead. The Rich Dad Poor Dad author believes the world is on the edge of another financial meltdown. Drawing parallels with the 2008 global financial crisis, he suggests a deeper collapse is underway, one that could evolve into a “New Great Depression.”
According to him, the fear of rising unemployment is spreading “like a virus,” triggering economic panic worldwide. Referencing his earlier book Rich Dad’s Prophecy (2004), Kiyosaki reiterated that such crashes don’t have to be devastating.
“Market crashes mean real assets go on sale,” he stated. He emphasized that being prepared and not panicking can turn a crisis into an opportunity. For him and his peers, 2008 was one such golden window.
He posed a provocative question to his followers “If Bitcoin were to crash back to $300 a coin”, would you panic or celebrate? His message indicated that those who are prepared for a BTC price crash will thrive amid a downturn. Drawing on quotes from icons like Oprah Winfrey and Abraham Lincoln, he stressed the value of preparation. “Luck happens when preparation meets opportunity,” he wrote, echoing Winfrey.
Bitcoin value today was marginally down, but it still held the $95K support, despite a dip of over 14% in its trading volume to $24 billion. Despite that, the market watchers have remained optimistic about the future trajectory of the coin. In a recent update, Arthur Hayes predicted that BTC price is poised to hit $1 million by 2028, sparking market optimism.
Besides, the recent robust US Bitcoin ETF inflow has further bolstered confidence. This continuing strong flow into the asset indicates that the market is regaining confidence in the asset.
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China, once the global powerhouse of economic growth, finds itself in uncharted waters as it battles economic stagnation. After the…
Crypto inflows hit $785 million last week, pushing year-to-date (YTD) totals to $7.5 billion. This marks a full recovery from the outflows seen between February and March.
Ethereum stood out amid the positive flows into digital asset investment products. The Pectra upgrade and the network’s leadership changes drove the changing sentiment.
The latest CoinShares report indicates crypto inflows totaling $785 million recorded for the week ending May 17. While it represents a slight drop from the previous week’s $882 million, it marks the fifth week of consecutive positive flows.
These positive crypto inflows come as markets continue to shrug off Trump tariffs. Accordingly, the US topped the positive flows. It beat Germany and Hong Kong with $681 million inflows against $86.3 million and $24.2 million, respectively.
More closely, Bitcoin (BTC) recorded a slight drop relative to last week. CoinShares’ researcher, James Butterfill, ascribes the retraction to US economic indicators.
“Bitcoin attracted $557 million in inflows, a decrease from the prior week, likely due to continued hawkish signals from the US Federal Reserve. Short-bitcoin products saw a fourth consecutive week of inflows, totaling $5.8 million, reflecting investor positioning amid recent price gains,” read an excerpt in the report.
Nevertheless, Ethereum saw the highlight of last week’s crypto inflows. According to the CoinShares report, crypto inflows into Ethereum reached $205 million. This was a notable climb from the previous report’s $1.5 million.
Butterfill attributes the optimism to Ethereum’s Pectra Upgrade and the subsequent ascension of Tomasz Stańczak as the new co-executive Director.
“Ethereum was the standout performer, with US$205m in inflows last week and $575 million YTD, indicating renewed investor optimism following the successful Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak,” Butterfill wrote.
As it happened, Pectra Upgrade hit mainnet on May 7, marking the network’s biggest change since the 2022 Merge upgrade. On the one hand, EIP‑7251 lifts the validator cap to 2,048 ETH. Meanwhile, EIP‑7702 brings smart‑wallet functionality and a major step toward account abstraction.
In the same way, Tomasz Stanczak, recently appointed as co-Executive Director of the Ethereum Foundation (EF), has a deep history in Ethereum’s core development. His focus on statelessness to enhance Ethereum’s scalability and decentralization aims to reduce node storage needs.
However, strong statelessness was deprioritized due to complexity and focus on rollups, though Stanczak’s leadership may shift this focus.
“The Ethereum Foundation is thrilled to welcome Hsiao-Wei Wang and Tomasz Stanczak as co-Executive Directors. This new leadership structure marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem,” the EF said in March.
As Ethereum and other altcoins recorded positive flows, Solana bucked the trend. It posted up to $0.89 million in crypto outflows. This aligns with a recent trend of declining TVL (total value locked), plunging 64%.
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