As a long-term crypto investor, I couldn’t agree more with Robert Kiyosaki’s recent bullish stance on Bitcoin and other digital assets like gold and silver. With the institutional inflows we’ve seen this year, it’s clear that traditional investors are recognizing the potential of this new asset class.
Robert Kiyosaki, renowned investor and finance advocate, urged individuals to consider adding more Bitcoin (BTC) and gold to their portfolios due to recent market surges. He has been optimistic about the Bitcoin market, predicting further price increases. In the past 24 hours, the asset’s value rose, fueling expectations of a prolonged upward trend among users.
Robert Kiyosaki Goes Bullish on Bitcoin
The widely recognized writer predicted expansion for the foremost crypto asset, attributing it to recent institutional investments. On his latest X post (previously known as Twitter), Kiyosaki warned readers against being among the losing parties, likening the sequence of market occurrences to a poor hand.
“In my last tweet, I emphasized that those who can prosper despite being given a difficult situation are the ones who ultimately succeed. Regrettably, such a challenging circumstance is now upon us, and unfortunately, many will be affected negatively. Please make every effort to buck the trend and not join the ranks of the unfortunate.”
He strongly encouraged people to consider investing in Bitcoin, gold, and silver as a means of converting a negative situation into a positive one. For centuries, precious metals have served as valuable assets with some criticizing Bitcoin in comparison. Proponents of Bitcoin, however, argue that it offers the value-preserving qualities of gold, among other advantages. A significant point raised by Bitcoin supporters is its impressive price growth over the last decade, reaching a record high of over $73,000.
Institutional Flows To Rally Markets
As a researcher studying the digital asset market, I’ve observed that traditional investor activities have significantly driven up prices of digital assets this year. This surge can be attributed to the launch of Bitcoin Exchange-Traded Funds (ETFs) and subsequent increased interest in related products. In particular, the SEC’s approval of Bitcoin ETFs in January sparked substantial market inflows.
The asset reached a new record high at last after investors kept a close watch on Ethereum and Solana ETFs. A significant sell-off of Bitcoin in Germany had caused the asset to drop drastically the previous week. However, the market sentiment shifted mid-week as cryptocurrencies rebounded with price increases.
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2024-07-10 20:35