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Bitcoin Hits New All-Time High, Supersedes $70kBitcoin (BTC) price has now soared to an all-time high (ATH) above $70,000 as spot BTC ETF sentiment continues to impact investor mood For the first time in its more than 14-years, Bitcoin’s ( CRYPTOCAP:BTC ) price has surpassed the $70,000 mark in a massive All-Time High (ATH) debut. Bitcoin's Inevitable Rally Bitcoin ( CRYPTOCAP:BTC ) price is now changing hands for $70,083.05, according to CoinMarketCap, up by 2.62% in the past 24 hours. The growth of the digital currency has been on a consistent parabolic surge since the start of the year. Bitcoin ( CRYPTOCAP:BTC ) price has now crossed two ATHs hence, this week as it previously traded at $69,170 amid the hype in the spot Bitcoin ETF market. In the close to 2 months since the product started trading in the United States, the combined trading volume has now surpassed $100 billion. The intensity of the Bitcoin ( CRYPTOCAP:BTC ) accumulation from spot BTC ETF issuers has helped spurred the supply and demand imbalance of the cryptocurrency, pushing it to an unprecedented high at the moment. BlackRock, Fidelity Investments, and Grayscale Investments sit at the forefront of the liquidity boost from the spot Bitcoin ETF market. To boost the overall growth, BlackRock recorded more than $788 million in inflow, amassing a major record since inception. With Bitcoin’s ATH now bridged, the digital currency is currently in price discovery mode with no idea where it might end up. Expert's Opinion for Bitcoin ( CRYPTOCAP:BTC ) The break of a new ATH has shifted the paradigm for Bitcoin ( CRYPTOCAP:BTC ) price with many industry leader’s projections about to become validated. Public figure like Robert Kiyosaki is unrelenting in believing that Bitcoin’s price could soar as high as $1 million sometime in the future. Drawing on Dollar Cost Averaging (DCA), Bitcoin( CRYPTOCAP:BTC ) growth proponents are optimistic that the continuous accumulation of Bitcoin by spot ETF issuers will solidify the growth prospects of the asset in the long term. Though the certainty from these projections is unreal, there may be corrections along the way as the industry experienced with the mega selloff recorded this week.
BINANCE:BTCUSDLong
by DEXWireNews
Rich Dad Poor Dad Author Says Buy Bitcoin to Protect Yourself"Rich Dad Poor Dad" Author has advocated for allocating investment in Bitcoin alongside other assets to shield from financial meltdown. Robert Kiyosaki, the renowned financial educator and author of “Rich Dad Poor Dad” has listed Bitcoin together with other assets as a hedge in times of national financial crisis. Bitcoin is Alternative Against Financial Meltdown The popular author has always been a core promoter of the diversification of investors’ portfolios, especially in the face of economic meltdown. This time, he highlighted the surge in national debt since the start of the latest NFL football season, citing that the debt has risen by another trillion dollars. Consequently, he urged investors to plunge their funds into the acquisition of gold, silver, and Bitcoin. In his opinion, this move will protect investors from “our financially corrupt and incompetent leaders.” Since the start of the latest NFL football season the national debt has gone up another $ trillion. WTF. Please buy more gold, silver, and Bitcoin. Take care. Protect your self from our financially corrupt and incompetent leaders. — Robert Kiyosaki (@theRealKiyosaki) January 13, 2024 This would not be the first time Kiyosaki is promoting CRYPTOCAP:BTC as an alternative investment that thrives amid financial chaos. Around November 2023, he strongly advocated Bitcoin buying citing that hyperinflation was looming over America with the potential to make the country one of the poorest. It is worth noting that this is the same view held by Michael Saylor, another major Bitcoin advocate. CRYPTOCAP:BTC ’s Appeal to Investors Bitcoin may have successfully proven itself to be a great store of value. Kiyosaki once outlined its unique position as a decentralized cryptocurrency, adding that its value is controlled by the people and not the government leaders. According to proponents, Bitcoin also serves as a safeguard against central bank actions. Prominent crypto research firm Messari recently described the flagship cryptocurrency as the “Godzilla of Finance”, underscoring the profound and disruptive nature of Bitcoin in reshaping traditional notions of money and investment. With the SEC’s nod in support of the spot Bitcoin ETFs, it is expected that the market will become more favorable towards Bitcoin in the coming days. There are predictions that the coin could reach new levels as predisposed to the launch of several Bitcoin ETFs as well as the upcoming halving event. The “Rich Dad Poor Dad” author sees Bitcoin going as high as $150,000 soon Prior to this latest forecast, in October 2023, Kiyosaki’s prediction for CRYPTOCAP:BTC was capped at $135,000 but overall, the coin is currently fluctuating between $42,000 and $43,000.
BINANCE:BTCUSDLong
by DEXWireNews