Bitcoin Price Prediction as Rich Dad Poor Dad Author Says He’s Buying More Bitcoin after ETF Result
Bitcoin, the world’s largest digital cryptocurrency, recently witnessed a significant surge, exceeding $47,000. This remarkable increase is attributed to the U.S. Securities and Exchange Commission (SEC) approving 11 new Bitcoin Exchange-Traded Funds (ETFs), marking a pivotal moment in the mainstream acceptance of cryptocurrencies as viable investment options.
Despite the initial excitement which saw the price spike, Bitcoin has since stabilized, currently trading around $46,600.
This development in the cryptocurrency landscape has been closely watched by investors and enthusiasts alike, with major financial institutions like BlackRock and Fidelity showing a growing interest in the ETF space.
Based on indicators last night I moved my $50K $BTC sell order down to $48,900 and it was filled. Im 100% out of $BTC and zero regrets. Rolling it into other #alts now in 10% dip buy orders. The % gains will be in #altcoins no matter how high #Bitcoin gos. Im not a paperhand just… pic.twitter.com/WmtonsnbWr
— Crypto Addict (@xAllinCrypto) January 11, 2024
Notably, Grayscale Investments, after winning a legal battle against the SEC, is in the process of transforming its $29 billion bitcoin trust into an ETF.
This move is anticipated to further boost investor confidence and demand for Bitcoin, potentially leading to a positive impact on its price.
The approval of these Bitcoin ETFs is not just a win for the proponents of digital currency but also signifies a significant evolution in the market, reflecting a shift towards broader adoption and enhanced liquidity in the crypto space.
Following the U.S. Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETFs, Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has
Read more on cryptonews.com
