Bitcoin – the world’s largest cryptocurrency – is a “bargain” today, according to Robert Kiyosaki, the renowned author of Rich Dad Poor Dad. He recommends taking advantage of the recent weakness to build a position in the “future” at a discount. On-chain activity has increased to levels not seen since April, and there are a number of tailwinds that could catalyse the price of Bitcoin in the near to medium term, such as the pending approval of an exchange-traded fund. Additionally, the halving event scheduled for April or May of 2024 could help propel the price of Bitcoin. Pseudonymous crypto analyst PlanB has predicted that BTC could hit $100,000 in about two years, and even reach $1 million eventually. Bitcoin is currently trading at $26,900 versus its year-to-date high of $31,500 in mid-July.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 9 |
| People | Robert Kiyosaki, Cathie Wood, PlanB, Santiment |
| Companies | Cathie Wood, Santiment, PlanB, Federal Reserve, Rich Global LLC |
| Currencies | Ethereum, Gold, Silver, Bitcoin |
| Securities | None |
