Instead of Warren Buffet, FTX founder Mike Bankman-Fried (SBF) may be the Bernie Madoff of crypto, stated Robert Kiyosaki, investor, entrepreneur, and also the best-selling author of Wealthy Father Poor Father. Also, he contended that bitcoin (BTC) isn’t an issue – within this or other situation.
Inside a tweet on Wednesday, Kiyosaki touched upon the collapsed crypto exchange FTX and pointed out Bankman-Fried’s donations to political parties in america. He switched his focus to businessmen and tv personalities Kevin O’Leary’s and Jim Kramer’s comparison from the former FTX Chief executive officer to Warren Buffet – a famous American businessman, investor, and crypto critic.
Instead of Buffet, contended Kiyosaki,
“SBF a lot more like Bernie Madoff of Crypto.
Bernie Madoff was an infamous American financier who performed the biggest Ponzi plan ever: at least 17 years, he defrauded a large number of investors from some $65 billion. He seemed to be chair from the Nasdaq stock market in early 1990s. Madoff died imprisonment while serving a 150-year sentence for the money washing, securities fraud, along with other felonies.
And Kiyosaki wasn’t the only person to notice similarities between both of these. Sheila Bair, a high regulator throughout the 2008 economic crisis, who chaired the united states Federal Deposit Insurance Corp. from 2006 to 2011, told CNN there are “eerie similarities” between SBF and the FTX around the one hands, and Madoff and the Ponzi alternatively.
Bair contended that,
“Charming regulators and investors can draw attention away from [them] from digging in to see what’s really happening. It felt very Bernie Madoff-like by doing so.”
Bitcoin and not the issue here
Kiyosaki, who endorsed Jesse Trump for that 2016 presidential elections and is constantly on the support him, who co-authored two books with Trump, and who’s an election denier, put FTX within the same ‘problematic’ group around President Joe Biden and “Marxist educators.”
On the other hand, complete opposite of these “big problems” because he known as them, he put bitcoin, gold, silver, police, and veterans.
“BITCOIN and not the problem,” he authored.
Some were critical of Kiyosaki’s statements, however – not while he belittled FTX, or supported BTC, speculate he pulled politics in it and a number of unrelated issues.
In the latest tweet, before the duration of writing, Kiyosaki’s again pointed out FTX with regards to American politics.
SBF was active in the country’s politics: he donated to both sides in the united states, and that he would be a top campaign cause of Democrats within the 2022 election cycle.
As reported, on November 11, Bankman-Fried resigned, and also the exchange declared personal bankruptcy. In addition, FTX is under analysis by, among others, the US Justice Department, the Registration, and also the Commodity Futures Buying and selling Commission.
Meanwhile, just the other day, Kiyosaki mentioned he would notice a major stop by BTC’s cost being an chance – not at all something to think about.
At 10:00 UTC on Friday morning, BTC was buying and selling at $16,752, up 1.3% per day and lower nearly 5% per week. Overall, it’s lower 13% inside a month and 72% each year.
– FTX Latest – Crypto Prices Stable as New Chief executive officer Condemns ‘Complete Failure’. Here’s the Shocking Mismanagement Laid Bare
– US House Committee to carry Hearing on FTX Collapse – Regulation Incoming?