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Metaplanet Acquires 1,111 BTC Amid Warnings from Robert Kiyosaki

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by Giorgi Kostiuk

6 hours ago

Japan-based Metaplanet has increased its Bitcoin holdings amid market volatility and warnings from financial experts.

Metaplanet's Bitcoin Purchase

Metaplanet acquired 1,111 BTC for approximately $118.2 million, paying $106,408 per Bitcoin. According to CEO Simon Gerovich, the company's total investment in Bitcoin amounts to around $1.07 billion at an average price of $95,869 per BTC.

Kiyosaki's Support and Warnings

Meanwhile, 'Rich Dad Poor Dad' author Robert Kiyosaki stated that he expects the prices of Bitcoin and gold to crash. He mentioned in a post that 'silver is the best investment today', and that he is waiting for gold and Bitcoin to fall before adding to his positions.

Current Market Trends

Despite the instability caused by attacks on Iranian nuclear sites, the price of Bitcoin has recovered and is currently trading around $102,019.12.

Metaplanet's Bitcoin acquisition marks a significant move amidst market uncertainty. At the same time, Kiyosaki's warnings highlight the differing opinions among experts regarding the future of cryptocurrency.

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