Crypto News
Robert Kiyosaki, author of "Rich Dad Poor Dad," reaffirmed his bullish stance on Ethereum this week, telling followers ETH remains one of his preferred long-term holdings alongside Bitcoin. The endorsement lands as the Ethereum Foundation executes a round of staff cuts aimed at tightening focus and cutting burn.
Why it matters
Kiyosaki's name carries weight with a retail audience that treats gold, silver, and BTC as core stores of value, so his continued ETH advocacy pulls new eyeballs into the Ethereum camp at a moment when the EF itself is signalling a reset. Solana co-founder toly publicly backed the EF restructuring on Tuesday, framing the cuts as a feature rather than a wound: a leaner foundation, he argued, will be more decisive and faster at course correction.
Market impact
The combined signal, a mainstream personal-finance figure still buying ETH and a competing-L1 founder welcoming the EF's belt-tightening, reframes the layoff story from weakness into discipline. ETH traded sideways through the announcement, suggesting the market had largely priced in the personnel reset; the marginal bullish read sits with sentiment and institutional willingness to engage with a slimmer EF rather than with spot flows.
Background
Kiyosaki has pitched ETH as "the next Bitcoin" to his millions of followers for over a year, a stance that has drawn both support and ridicule but reliably moves retail search interest.
Frequently asked questions
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What did Kiyosaki say about Ethereum?
Robert Kiyosaki reaffirmed that ETH remains one of his preferred long-term holdings alongside Bitcoin and gold, continuing a stance he has held for over a year and pitching ETH as the "next Bitcoin" to his retail audience.
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Why did Solana's toly back EF staff cuts?
Toly publicly framed the Ethereum Foundation's layoffs as a positive, arguing a smaller EF will be more decisive, move faster, and course-correct faster than the current structure.
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How are Ethereum Foundation staff cuts being framed?
Industry voices are reading the cuts as a discipline reset rather than a sign of weakness, with the framing that a leaner foundation can prioritize and ship more efficiently.
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Did ETH price react to the EF restructuring?
ETH traded sideways through the staff-cut announcement, suggesting the market had largely priced in the personnel changes before the news broke.
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Why is toly's support notable?
Toly leads Solana, Ethereum's most direct Layer 1 competitor, so a rival founder publicly welcoming the EF's restructuring is an unusual signal that the read across the industry is bullish, not bearish.
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