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World-renowned author Robert Kiyosaki shares his view on Bitcoin. Pseudonymous crypto analyst sees BTC at $100,000 in 2025. Bitcoin slid back under $27,000 after Fed’s rate decision today. Bitcoin – the world’s largest cryptocurrency is a “bargain” today , says Robert Kiyosaki – the renowned author of Rich Dad Poor Dad. Robert Kiyosaki shares his view on Bitcoin The so-called digital gold has not been a lucrative investment over the past two months. But the Founder of Rich Global LLC recommends seeing the recent weakness as an opportunity to build a position in the “future” at a discount. His recent tweet reads: Gold, silver, bitcoin are bargains today … but not tomorrow . America is broke. Buy GSBC today before stocks, bond, real estate. Robert Kiyosaki even called fiat currencies “fake money” this past weekend. Also on Wednesday, Santiment – a crypto analytics platform reported a...

As per the reports, The ‘Investment Association’ of the UK has urged the government and banking regulatory authorities to authorise blockchain-traded funds (BTF). BTF uses digital tokens instead of traditional shares. On June 7, 2022, the association published a 32-page brochure named “Investing for The Future” on its official website. The UK government has eased certain regulations for Cryptocurrency this year. Keeping this in mind, the trade group wants the government to create a new class of funds that use blockchain technology which will substitute traditional shares. There will be the formation of a task group which will investigate how the distributed ledger technology will aid the development of new goods and services. Buy Bitcoin Now Your capital is at risk.  What is BTF? A blockchain traded fund (BTF) comprising of Bitcoin or assets linked to the price of various cryptos is known as a Bitcoin ETF or BTF. Instead of a cryptocurrency exch...

Valkyrie, the asset management company, has applied to the US SEC for an Ether (ETH) futures ETF. This initiative follows Valkyrie’s earlier alteration of its investment approach for a Bitcoin (BTC) futures ETF to align with regulatory guidelines. According to the submitted application, the fund’s strategy will involve acquiring multiple ETH futures contracts rather than a direct investment in Ether. The application details state that Ether’s characterization as a currency or digital commodity hinges on its application in specific transactions, potentially serving as a medium of exchange or unit of account. While some retailers accept Ether in the US and global markets, its use for commercial and retail transactions is moderately restricted. The document also acknowledges Ether’s potential as a value store and its significant price volatility. Alongside its investments in Ether futures, the ETF’s remaining assets will be allocated to cash, cash-li...

Also Read: Cardano Price Prediction 2023, 2025, 2030: ADA signals for upcoming surge advertisement Starting from March 2023, the S&P 500 Index, which is most closely correlated with Bitcoin among all major US stock indices, is on a steady upward trajectory, in line with BTC price. Also, the traders have been largely resilient in terms of confidence in investing in the Crypto Market in the same period, during which the highlight was the mass Bitcoin ETF filings from several top financial companies. What If Spot ETFs Are Approved? Speaking to CNBC on August 16, 2023, Tom Lee said BTC’s clearing price would be above $150,000 if things go as anticipated around the ETF filings. However, if in case the ETF does not get approved in the United States, it could still go up thanks to the Bitcoin Halving event expected in the first half of 2024, he explained. In that case, the Halving alone could propel the BTC price but not above the $100,000 mark, Lee...

Based on Powell’s hawkish speech, investors should expect more interest rate hikes, making this a temporary injunction. On the other hand, investors hoped that the era of hikes if finally coming to an end. advertisement Nevertheless, the Fed is still committed to bringing inflation down to 2%. Bitcoin price, which felt the pinch after the Fed announcement, has bounced from support at $24,700 and is trading at $25,500 on Friday. Live price data tracked by CoinGape, shows a 2% bullish pump in the last 24 hours. The uptick in BTC price can be attributed to a few factors including the extremely oversold conditions. However, the news of Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) could be the primary driving force. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...