Rich Dad Urges: Now’s the Time to Buy Bitcoin Before It Hits $250K!

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According to Robert Kiyosaki, the writer of “Rich Dad Poor Dad,” he advises investors to purchase more Bitcoin as it approaches setting a fresh all-time high price.

Right now, based on information from CoinGecko, the top digital currency in terms of market value is being traded at approximately $105,089. Over the last seven days, its value has significantly increased by over 10%.

At the moment, Bitcoin is about 2.8% from retaking its all-time peak value of $108,135 that it reached approximately one month back.

Earlier this week, Kiyosaki predicted that the price of Bitcoin could reach $250,000 this year. 

More recently, the contentious businessperson expressed his belief that amassing wealth through Bitcoin is relatively straightforward, suggesting one can become wealthy merely by holding onto the digital currency.

For over a month, Bitcoin has found it challenging to hit a fresh all-time high, largely because of the Federal Reserve’s recent shift towards a more aggressive monetary policy stance, which has unnerved investors.

As an analyst, I’ve noticed that the price of the leading cryptocurrency briefly soared beyond $100,000 a few days ago, fueled by speculation about the U.S. government considering the creation of a strategic Bitcoin reserve in the near future. According to Polymarket bettors, there’s approximately a 61% likelihood that this event might occur by 2025.

This week saw exchange-traded products linked to Bitcoin draw in a staggering $1.8 billion. This substantial investment suggests that institutions continue to show robust interest in Bitcoin, the premier cryptocurrency.

As a crypto investor, I’ve noticed that Bitcoin isn’t performing as well compared to some alternative coins like Solana (SOL) and XRP lately. In fact, during the last seven days, Solana has skyrocketed by 24%, while XRP has seen an impressive 44% increase.

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2025-01-19 22:09