CZ to be sentenced at the end of April, ‘Rich Dad Poor Dad’ author Kiyosaki warns of 70% drop in S&P500, Tuur Demeester predicts BTC will hit $600,000: U.Today’s Crypto News Digest

CZ to be sentenced at the end of April, 'Rich Dad Poor Dad' author Kiyosaki warns of 70% drop in S&P500, Tuur Demeester predicts BTC will hit $600,000: U.Today's Crypto News Digest

Check out the top three Guru-Investingstories from the past day.

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Check out the top three Guru-Investingstories from the past day.

CZ will be sentenced at the end of April

The sentence of Binance founder Changpeng Zhao, better known as “CZ”, has been postponed until April 30, CNBC reports, citing a notice from the federal court in Seattle. Initially, the sentencing date was scheduled for February 23; However, the court decided to delay the date until the end of April, without offering a clear explanation for such a measure. As a reminder, CZ pleaded guilty to failing to maintain an anti-money laundering mechanism within Binance. The former CEO of Binance is currently on parole in the United States. Under federal sentencing guidelines, Zhao can receive a maximum sentence of 18 months in prison; However, there have been reports that prosecutors could seek a harsher sentence.

Kiyosaki, author of “Rich Dad, Poor Dad”, warns: prepare for a 70% collapse of the S&P500

In a recent x publicationRobert Kiyosaki, financial educator and best-selling author of “Rich Dad, Poor Dad,” made a gloomy prediction That sent the crypto community into turmoil. This time, he warned his followers and all market participants in general that the S&P 500 index will imminently plummet by a staggering 70%. Kiyosaki stresses the importance of financial preparedness in the face of what he predicts will be the “biggest crisis in history,” and urges people to be cautious and choose their financial advisors wisely. As usual, the main point of the author’s message remains the need to diversify investment portfolios to include hard assets such as gold, silver and Bitcoin. In Kiyosaki’s view, these assets are essential hedges against economic volatility that provide stability and potential growth should traditional markets decline.

Related
‘Bitcoin is a failure,’ said ‘Black Swan’ author Taleb 3 years ago

Bitcoin (BTC) Price at $600,000: Tuur Demeester Shares Super Bullish Forecast

Tuur Demeester, the legendary Bitcoiner, macroeconomist and investor, has recently adopted the X platform to share your point of view about the future of the price of Bitcoin. He believes that the largest crypto is facing a bullish rally that will be different from what occurred in 2021. According to Demeester prediction, Bitcoin could reach levels between $200,000 and $600,000 by 2026, and this rally would be fueled by trillions in cash from various bailouts and stimulus programs. He also emphasizes that the “awakening” of retail trading will be crucial to the rise of Bitcoin (BTC) more than institutional participation. In a subsequent possible overexposure, because their volatility will easily give them whiplash.”

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