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Kiyosaki Slams Cash as 'Trash' While Bitcoin Trades Near $64.6K

Robert Kiyosaki renewed his 'cash is trash' warning on June 14, urging investors into Bitcoin, Ethereum, gold and silver as fiat loses value. His comments come as Bitcoin trades around $64,569 and Ethereum near $1,674 following June's selloff. Spot Bitcoin ETFs have now recorded 13 straight sessions of outflows totaling $4.37 billion, while Ethereum ETFs also saw redemptions. The remarks reinforce long-term bullish sentiment for scarce assets but highlight fragile near-term conditions marked by hawkish macro pressures and leverage unwinds.

Category

Bitcoin

Sentiment

Bullish

Event

Market commentary

Reading time

1 min