In crypto today, crypto analysts are pondering the approaching altcoin season, with Robert Kiyosaki predicting Bitcoin to reach $250,000 and gold to $27,000 by 2026. Meanwhile, CZ denied any ties to President Trump and said the pardon was a “surprise.”
Robert Kiyosaki announces purchase, target is $250,000 Bitcoin and $27,000 gold
Rich Dad Poor Dad author Robert Kiyosaki has doubled down on his bullish outlook on hard assets, saying he will buy more gold, silver, Bitcoin and Ethereum even as the market braces for a possible crash.
In a post shared with X on Sunday, Kiyosaki warned of an impending recession, but said he was preparing for it by accumulating assets he called “real money.”
“The Crash is Coming: Why I’m Buying, Not Selling,” he wrote, setting an ambitious goal of $27,000 in gold, $100 in silver, and $250,000 in Bitcoin (BTC) by 2026.
Kiyosaki attributed his gold prediction to economist Jim Rickards, and said the $250,000 Bitcoin target is consistent with his long-held view of Bitcoin as protection against the Federal Reserve’s “fake money.”
Altcoins’ seasonal signals are hidden in “weeks” of bearish BTC dominance: Analyst
The recent volatility in Bitcoin’s dominance could indicate that altcoin season is approaching sooner than many traders expected, according to one cryptocurrency analyst.
“The reason to be confident in altcoin price trends is because the Bitcoin dominance chart is looking bearish and has been for weeks,” crypto analyst Matthew Hyland said in an X post on Friday.
“It’s good to see a continued downtrend, so this relief rally is a bounce in a downtrend,” Hyland said. Hyland said in a separate video on Saturday that recent fluctuations in Bitcoin prices may have been orchestrated by traditional financial giants.
“Over the past month, I’ve maintained the view that a lot of this is actually just manipulation and essentially Wall Street trying to set itself up,” he asserted.
CZ says he was surprised by the pardon and denies any ties to the Trump family
Binance co-founder CZ said US President Donald Trump’s pardon came as a surprise, saying the two had never met, spoken personally, or had any close relationship.
CZ told Fox News that his only interaction with the Trump family was speaking with Eric Trump at the Bitcoin Middle East and North Africa (MENA) conference in Abu Dhabi, United Arab Emirates (UAE). He also said he did not know how the pardon would progress throughout the process.
“I didn’t know when it was going to happen or if it was going to happen. I think my attorney filed the petition in April, but it took a few months. I didn’t know the progress. There was no indication of how far it was or anything like that. And then it happened one day.”
The pardon divided opinion between cryptocurrency industry executives, who welcomed the move, and Democratic lawmakers, who were critical of the pardon and argued it was financially motivated.