Here’s what happened in crypto today

Today in crypto, Robert Kiyosaki predicts Bitcoin will reach $250,000 and gold $27,000 by 2026, a crypto analyst mulls over altcoin season approaching. Meanwhile, CZ denies ties to Trump, said pardon was a ‘surprise.’

Robert Kiyosaki says he’s buying, targets $250K Bitcoin and $27K gold

Rich Dad Poor Dad author Robert Kiyosaki has doubled down on his bullish outlook for hard assets, saying he’s buying more gold, silver, Bitcoin and Ethereum even as markets brace for a potential crash.

In a post shared on X on Sunday, Kiyosaki warned of an impending economic downturn but said he’s preparing for it by accumulating assets he calls “real money.”

“Crash coming: Why I am buying, not selling,” he wrote, setting ambitious targets of $27,000 for gold, $100 for silver and $250,000 for Bitcoin (BTC) by 2026.

Kiyosaki said his gold projection came from economist Jim Rickards, while his $250,000 Bitcoin target aligns with his long-held view of BTC as protection against the Federal Reserve’s “fake money.”

Altcoin season signals hide in ‘many weeks’ of bearish BTC dominance: Analyst

The recent volatility in Bitcoin’s dominance could be a signal that altcoin season is approaching sooner than many traders expect, according to a crypto analyst.

“The reason why you should have confidence in the altcoin price action is because the BTC Dominance chart looks bearish and has looked bearish for many weeks,” crypto analyst Matthew Hyland said in an X post on Friday. 

“The downtrend is favorable to continue; therefore, this relief rally has been a dead cat bounce in a downtrend,” Hyland said. In a separate video on Saturday, Hyland said that the recent volatility in Bitcoin’s price may have been orchestrated by traditional finance giants.

“Over the past month, I’ve kind of just maintained the view that a lot of this was really just manipulation, essentially for Wall Street to set themselves up,” he claimed.

CZ says he was surprised by pardon, denies ties to the Trump family

Binance co-founder CZ said the pardon from United States President Donald Trump came as a surprise and that the two have never met, spoken personally, or had close ties.

The only interaction CZ has had with the Trump family was talking to Eric Trump at the Bitcoin Middle East and North Africa (MENA) conference in Abu Dhabi, United Arab Emirates (UAE), CZ told Fox News. He also said he was unaware of how the pardon would develop throughout the process:

“I did not know when or if it was going to happen. I believe my lawyers submitted the petition in April, and it took a few months. I didn’t know the progress. There was no indication of how far it went along, etc. Then, it happened one day.”

The pardon drew a divide between crypto industry executives, who celebrated the move, and US lawmakers in the Democratic Party, who were critical of the pardon and argued that it was financially motivated.