Kiyosaki and Novogratz agree: Bitcoin, gold, and silver are the places to be RobertKiyosakiandMikeNovogratzsayBitcoin gold
- Robert Kiyosaki, author of Rich Dad Poor Dad, pushed back against a report from the Wall Street Journal that said the U.S. economy is strong, saying that the main reason the stock market is up is due to the recent increase in the debt ceiling.
Aside from the state of the U.S. economy, Kiyosaki also sees this as an opportune time to decrease exposure to the U.S. dollar ahead of the rumored launch of a gold-backed currency by the BRICS nations. This outlook led him to say that Bitcoin would hit a price of $120,000 by the end of 2024 and $500,000 by the end of 2025.
The reference to Alibaba stock came in response to a line of questioning related to artificial intelligence and ways that investors could capitalize on the hype surrounding the industry. “The most important thing that happened this year in Bitcoin is Larry Fink,” Novogratz said during an interview with Bloomberg Wealth, referring to the CEO of BlackRock. “He got ‘orange-pilled,’ as we say. Orange pill is when you take a nonbeliever and you make them a believer in Bitcoin. Larry was a nonbeliever. Now he says, ‘Hey, this is going to be a global currency.’ People around the world all trust it.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Quantum (BTCQ): A deflationary spin on Bitcoin’s core functionalityDigital currencies have spearheaded an era of financial revolution. And leading the charge? Bitcoin is […]
Read more »
Bitcoin July 31 daily chart alert - Gentle price downtrend in place
Read more »
How Bitcoin became the favorite of futures traders on this derivative exchangeOn CME Group, BTC's futures monthly trading volume closes July at its highest in the last year.
Read more »
Bitcoin: Why HODLing is no longer the norm for long-term BTC investorsThe sharp drop in unmoved supply suggested that long-term holders were liquidating their BTC holdings, signaling a shift away from HODLing.
Read more »
Bitcoin: Should miner capitulation be a cause for concern?Bitcoin miners' capitulation was relatively low in the last 5 years. However, a declining price coupled with growing difficulty and hashrate could result in trouble for Bitcoin.
Read more »
What should Bitcoin traders expect in August as uncertainty loomsThe price action showed there was a possibility of a bullish reversal for Bitcoin, but the on-chain metrics showed a wave of selling was around the corner.
Read more »