Here’s what happened in crypto today
Today in crypto, Robert Kiyosaki urged followers to abandon 'fake money' and adopt alternatives like Bitcoin, gold, and silver. He emphasized the dangers of centralized monetary policy and quoted former Congressman Ron Paul, who criticized the Federal Reserve, equating its actions to socialist control that erodes wealth and economic freedom. Kiyosaki called for a move towards decentralized stores of value like Bitcoin (BTC) and precious metals. In other news, BlackRock’s spot Bitcoin ETF (IBIT) reported a remarkable inflow streak of 19 consecutive days, with inflows totaling $356.2 million as of May 9. This uptick occurred amidst a volatile Bitcoin market with significant price fluctuations. Lastly, Galaxy Digital received approval from the U.S. SEC to redomicile, paving the way for its upcoming Nasdaq listing under the GLXY ticker after securing necessary shareholder approval. This marks a growing trend of institutional interest in the crypto space as it continues to mature.
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