The four major U.S. stock indexes collapsed again last Friday due to negative financial reports from many U.S. technology giants, and U.S. July data showing that the job market was cooling rapidly and the unemployment rate hit a three-year high, raising concerns about a U.S. economic recession. Bitcoin also fell below $60,000 early this morning.
As global financial markets become more volatile, Robert Kiyosaki, author of the best-selling investment and financial management book "Rich Dad, Poor Dad," tweeted yesterday that the market crash is good news because "now it's your turn to become richer." :
Just as many warned...the stock market crash has arrived. lost heavily.
Rich dad taught his children that when markets crash, that's when the rich get richer...buying assets at cheap prices.
The market is crashing. good news. The asset market is selling. Now it's your turn to become richer.
Although some netizens agreed with rich dad’s comments about being bearish on the market again, most people disagreed: “The market crashed - the decline this week was less than 2%”, “This is a normal correction and not a collapse, stop spreading fear .", "Buy on dips"... Secretly mocking his previous bearish views that caused many people to miss the opportunity to grow their wealth.
Whether he was right this time or whether his guess was inaccurate again remains to be confirmed over time.
Bitcoin spot ETF hits largest single-day net outflow in 90 days
However, it is worth noting that Bitcoin has been in a sluggish trend recently like U.S. stocks, and the financial situation does not seem to be optimistic. SoSoValue data shows that the U.S. Bitcoin spot ETF experienced its largest single-day outflow since May 1 on Friday. Reaching $237.45 million, this is also the fourth-highest single-day outflow since the Bitcoin spot ETF was launched in January.
Judging from the capital inflows and outflows of the 12 Bitcoin spot ETFs, Grayscale’s recently launched Bitcoin Mini Trust BTC is one of the only two ETFs to achieve a net inflow of funds, with a net inflow of US$9.88 million. BlackRock’s IBIT has a net capital inflow of Inflows were nearly $43 million.
However, these net inflows were outweighed by Fidelity’s FBTC’s net outflow of more than $100 million, Ark Invest/21Shares’ ARKB’s net outflow of approximately $87 million, and Grayscale’s GBTC, Bitwise’s BITB, and VanEck’s HODL each worth tens of millions of dollars. Net outflows were offset, while the remaining five ETFs were unchanged.
