As an analyst with over two decades of experience in the financial industry, I find myself intrigued by the ongoing Bitcoin saga, especially when it comes to influential figures like Michael Saylor and Robert Kiyosaki.
As a passionate crypto investor, I’ve been captivated by a thought-provoking message about Bitcoin that Michael Saylor, the fervent Bitcoin advocate and co-founder of MicroStrategy, recently shared on his Twitter-like profile (X social media platform). In this post, I’ll rephrase it from his perspective.
As a seasoned cryptocurrency investor with years of experience under my belt, I can attest to the thrilling rollercoaster ride that comes with investing in digital assets. Recently, I witnessed a remarkable moment when the world’s leading cryptocurrency managed to reclaim the $61,000 level and subsequently surpassed $61,390. This event, for me, symbolized resilience and growth in the face of adversity – a testament to the ever-evolving nature of this dynamic market.
Bitcoin hits $61,000, Saylor reacts
Michael Saylor expressed his thoughts on Bitcoin’s resurgence by stating that “Bitcoin is the solution” to the inquiry: “If Bitcoin isn’t the answer, then you’re posing the wrong question.” This declaration once more emphasized Bitcoin’s dominance over other financial assets and national currencies.
If #bitcoin isn’t the answer, you’re asking the wrong question.
— Michael Saylor⚡️ (@saylor) August 22, 2024
In the past day, Bitcoin has briefly surpassed $61,000 twice but then dropped due to bear pressure. The initial surge occurred between Wednesday and Thursday, lifting BTC from $59,374 up to approximately $61,830. However, it swiftly fell back to around $60,174 afterwards.
Today, I observed another price spike with Bitcoin breaking through the previously mentioned threshold and reaching the $61,300 region. At the moment, BTC is being traded at roughly $60,950 following a slight dip.
“Trillion USD reason” to buy Bitcoin from Kiyosaki
According to previous reports, renowned investment expert and author of the popular financial literacy book “Rich Dad Poor Dad,” Robert Kiyosaki, recently shared a tweet regarding Bitcoin. In this post, he presented a compelling reason, potentially worth a trillion US dollars, for starting (or increasing) your investment in the world’s leading digital currency.
Kiyosaki emphasized the escalating United States’ national debt, which increases by about $1 trillion approximately every four months. As a result, he suggested investing in Bitcoin, gold, and silver. These assets can serve as protective investments during periods of high inflation and currency devaluation, situations that several economists believe are occurring in the U.S. currently, given the government’s practice of printing money and raising the national debt.
Previously this year, Kiyosaki forecasted that Bitcoin could soar to an astonishing $350,000, raising his wager from $100,000 by September. However, he clarified that the August BTC prediction was more of a hope than a true forecast. It’s not the most ambitious price prediction currently circulating, though. The CEO of JAN3, Samson Mow, anticipates Bitcoin will reach $1 million within a year based on his recent tweets.
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2024-08-22 17:35