Bitcoin’s price surged past $71,000, driven by $886 million inflows into U.S. spot Bitcoin ETFs and weak U.S. economic data suggesting potential Federal Reserve rate cuts. Analysts hint at the possibility of new highs this week, especially if weak U.S. economic data continues to support the case for rate cuts.
Adding to the excitement, Robert Kiyosaki, the acclaimed author and investment guru, has set a staggering $350,000 Bitcoin price target by August 25, 2024.