Robert Kiyosaki, one of the important names in the crypto money world, gave important details about Bitcoin. Kiyosaki said that there will be a collapse that started in the USA and whose effects will spread to the whole world in a short time, and this will have similar effects to the 2008 crisis.
Kiyosaki, who has more than 2 million followers on Twitter, warned his followers that the big collapse was coming.
"2008 was a good time to get rich. Everything was for sale. I took out millions of dollars in loans and bought real estate at bargains. I said in 2013 that a major crash was coming. This crash has already begun… Millions of people will be wiped out. Please don't be one of them and don't get rich." Don't miss the opportunity…”
Robert Kiyosaki has warned many times in the past year, “The biggest crisis in the history of the world is coming, buy gold and Bitcoin”. Thinking that the US dollar and many other currencies will collapse one day, Kiyosaki continues his positive attitude towards Bitcoin.
Singapore says retail investors are unaware of crypto risks
Ravi Menon, Head of the Monetary Authority of Singapore (MAS), said at an event he attended today that despite the warnings and precautions, surveys show that consumers are trading cryptocurrencies not only in Singapore but globally, and was struck by the sharp price expectation.
On the other hand, Menon added that individual investors are generally unaware of the risks in crypto trading, giving some signals that new regulations are coming soon. Among these regulations, it is on the agenda to impose some restrictions on individual investors' access to crypto money markets. Menon added that MAS will seek public feedback by October, and that global reviews are ongoing.
In addition, around 180 crypto companies applied for a crypto payment license to MAS under a new regime in 2020, but Singapore has only licensed a limited number of companies so far, in a detailed due diligence process still ongoing.