$200,000.
Billionaire Robert Kiyosaki Predicts Bitcoin Price to Reach 100,000 Dollars
In the latest predictions from the author of the famous book "Rich Dad Poor Dad," billionaire Robert Kiyosaki he expected that the price of Bitcoin will reach 100,000 dollars by next June
Kiyosaki has been a supporter of the digital currency Bitcoin for many years, and he often praised the digital asset, along with gold and silver, over "fake" paper currencies like the US dollar
Kiyosaki said in a post on the "X" platform: that central banks are buying gold and not US bonds (debt). It is likely that gold will crash below the $1,200 level which means a boom for silver and Bitcoin as well
Instant Bitcoin ETFs Traded on American Exchanges
On Wednesday January 10, 2024, for the first time, the US Securities and Exchange Commission "SEC" approved Exchange Traded Funds "ETFs" that invest directly in Bitcoin
The regulatory authority in the United States granted permission to 11 funds to start official trading in the United States on Thursday January 12, 2024 with the funds related to "BlackRock" and "Fidelity" at the forefront
The Securities and Exchange Commission has opposed Bitcoin ETFs for more than a decade, while the cryptocurrency sector as a whole has faced harsh criticism from the head of the authority "Gary Gensler" who has argued repeatedly that the sector is rife with fraud and misconduct
The Securities and Exchange Commission took strict actions against digital assets after the setback in 2022 and the bankruptcies such as the "FTX" exchange affiliated with Sam Bankman-Fried
Dr. Campbell Harvey, a professor of finance at Duke University said: that the approval of Bitcoin ETFs in the United States is an important moment in the short history of cryptocurrencies as these assets move from specialized investment to mainstream investment
Harvey added: Many investors will seek to diversify their investment portfolios by adding cryptocurrency investments through Bitcoin ETFs
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