"I should have bought it" is a news podcast with the editors and friends of ForkLog about the main industry events of the week and the "hottest" tokens.
Topics of the issue: market stagnation, Kiyosaki's strange statements, $10 million for bitcoin and VanEck's application for the spot Solana ETF.
Special guest: Georgy Verbitsky is a professional in the field of fintech and investments, founder of the startup TYMIO.
Participants: ForkLog authors Lena Jess, Alex K., Vasily Smirnov.
Mt.Gox Echo and Bitcoin Drawdown Below $60,000
The trustee of the Mt.Gox exchange, which went bankrupt in 2014, announced compensation payments in bitcoins, Bitcoin Cash and cash in early July.
The market reacted nervously to the publication of the news. The first cryptocurrency failed the $62,000 level on increased volumes. In 15 minutes, the decrease in the moment exceeded 2.5%.
On June 24, the price of digital gold dropped below $60,000, and then $59,000.
Against the background of the correction, the cryptocurrency fear and greed index fell to 30 points. The last time such values were observed was in September 2023.
Strange advice from "Rich Dad"
The author of the bestseller "Rich Dad, Poor Dad" and entrepreneur Robert Kiyosaki, in the context of the bitcoin downturn, said that "most people should sell."
"Some people earn a lot of money by "trading" in the markets, this means buying at the bottom and, hopefully, selling at the bottom," the businessman shared his thoughts.
Kiyosaki prefers Warren Buffett's "buy and hold forever" strategy. During the absence of trading, he is engaged in the creation of new assets and is working on two startups.
"If corrections scare you, sell and hold on to your job. Entrepreneurs and employees are two sides of the same coin," he added, predicting "difficult times" and "advising to do the best for yourself."
The forecast for $10 million from Michael Saylor
The founder of MicroStrategy, Michael Saylor, is convinced of the ability of the first cryptocurrency to grow to $10 million due to support from China and other factors.
During Robin Sieur's podcast, the entrepreneur called bitcoin a "perfect" asset:
"What is the difference between perfect and imperfect money? Perfect money is economic immortality. Imperfect money: We all have short and cruel lives."
According to Saylor, digital gold serves as a "corporate machine" that will allow companies to "live forever." He is confident that firms investing in bitcoin are able to survive longer than those that are "mired in the corporate ills of the past."
Is Solana-ETF already on the horizon?
The investment company VanEck has filed an application with the SEC for registration of an ETF based on the Solana cryptocurrency.
According to the documents, VanEck Solana Trust will monitor the dynamics of SOL through the Solana Benchmark Rate index from MarketVector Indices. The ETF is expected to be listed on the Cboe BZX site, but the ticker has not yet been determined.
The head of VanEck's research department, Matthew Siegel, noted that Solana is a digital commodity similar to bitcoin and Ethereum. According to him, "high bandwidth, low fees, security and a strong community make cryptocurrency attractive to ETFs by providing investors with access to an innovative open source ecosystem."
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