Robert Kiyosaki Predicts Bitcoin Will Reach US$350 Thousand in 2025
The author of the book entitled "Rich Dad Poor Dad" Robert Kiyoaski predicts that the price of Bitcoin (BTC) will reach a value of US$350 thousand per token in 2025. He is optimistic that the asset can reach a new high.
This is due to the strength of Bitcoin and its community that continues to buy this asset along with the increase in price. In addition, the effect of the election of US President Donald Trump has made many institutions and countries adopt Bitcoin.
Meanwhile, he also has Bitcoin stored in his wallet, but it is not known how much he has.
On the other hand, many public companies are increasingly adopting Bitcoin in their treasuries. One of them is MicroStrategy which started the adoption. This company already has 444,262 BTC worth US$15.9 billion.
South Korean Investors Trust Bitcoin as a Savior After Martial Law
South Korean investors flocked to buy Bitcoin (BTC) considering Bitcoin as a financial savior, after the chaos of the martial law declaration by South Korean President Yoon Suk Yeol.
The investors' move has had an impact on the increase in the price of Bitcoin in South Korea or known as Bitcoin's Kimchi Premium which has soared by 3-5%. This shows the increasing demand in the face of political chaos and economic difficulties.
Meanwhile, according to CryptoQuant CEO Ki Young Ju, economic problems are driving the flow of investor wealth to deal with inflation by exchanging it for various assets, namely US dollars, Bitcoin, and gold.
"Fear of inflation makes people exchange their won for US dollars, Bitcoin, and gold," he said.
For information, local South Korean crypto platforms often record higher trading volumes than stocks.
Leading US Investor: MicroStrategy Is Too Aggressive in Buying Bitcoin
Leading US investor Jason Calacanis highlighted the move by MicroStrategy (MSTR), the world's largest Bitcoin (BTC) holding institution, which continues to purchase the digital currency in large amounts. Especially after MicroStrategy founder Michael Saylor said MSTR's ultimate goal is to have US$10 trillion worth of Bitcoin.
In contrast to Saylor, Calacanis said MicroStrategy's massive purchase action has had a negative effect on Bitcoin, making it less attractive in the future and destroying the Bitcoin game.
In addition, MicroStrategy's aggressive purchases should not be imitated by other institutions, because it could have a domino effect and cause many other investors to switch to other alternatives.
Additional information, according to the latest data, MicroStrategy currently owns US$43.4 million in Bitcoin and is the world's largest holder of the digital currency.
In fact, MicroStrategy has recently submitted a proposal to add Bitcoin through company shares and will soon hold a special shareholders' meeting.
FUD Shadows Crypto After Bitcoin Drops 7% in a Week
Bitcoin (BTC), the world's largest cryptocurrency, is experiencing fluctuating price movements after once soaring above US$107,000. In fact, the correction in the past week has been quite far, almost 7% according to the Coinmarketcap report.
Responding to this, Santiment, a crypto analysis platform, said that this wave of Bitcoin ups and downs could trigger fear and uncertainty for many holders of the digital currency or commonly called Fear, Uncertainty, and Doubt (FUD).
However, the decline of up to 7% had decreased and improved, until today, Bitcoin has still failed to recover and continues to struggle to stay above US$95,000.
Although it looks quite high risk, Bitcoin is still a digital currency that is widely recognized throughout the world. In fact, several world figures call Bitcoin digital gold.
Crypto analyst Ali Martinez says Bitcoin is not in a good position right now, but he says a key support zone for Bitcoin could push the digital asset up once again.
The parent company of famous fashion company Louis Vuitton (LVMH) has started a trial to accept payments using cryptocurrency. However, this payment is only valid in several stores and brands.
The same thing is also done by other luxury goods manufacturers such as Balenciaga to Gucci. Although it has not been done comprehensively, this is quite good news considering that crypto is increasingly used outside the financial industry, one of which is fashion.
Meanwhile, some time ago Printemps, a French luxury goods store, announced that it had partnered with the world's largest crypto exchange and Lyzi to accept cryptocurrency payments.
This indicates the impact of the re-election of US President Donald Trump who promised regulation of crypto. This is seen as a positive step considering that crypto is increasingly accepted in various industries as a legitimate payment option. #btcupdates
Michael Saylor has expressed his willingness to serve on US President-elect Donald Trump’s crypto advisory board. The MicroStrategy CEO has also met with several officials who will fill seats in the incoming administration, but he declined to provide details.
“I’m always willing to provide constructive digital asset policy thinking, both privately and publicly. And if I were asked to serve on a digital asset advisory board, I probably would,” Saylor told Bloomberg on Wednesday (12/18) local time.
He made the statement as MicroStrategy prepares to join the Nasdaq-100 along with Palantir Technologies and Axon Enterprise, which will take effect on December 23.
#ETF✅ BlackRock Ethereum Exceeds 1 Million ETH Ownership
iShares Ethereum Trust ETF (ETHA), a spot-based Ethereum ETF launched by BlackRock, has now surpassed one million #Ethereum✅ (ETH) token ownership. Based on data from BlackRock's official website, ETHA now manages 1.025 million ETH with a market value of more than US$4 billion or equivalent to Rp64.3 trillion.
This happened after a significant inflow of investment in recent weeks, as reported by CoinGlass. Thus, the volume of ETH owned by the BlackRock ETF shows the increasing confidence of institutional investors in Ethereum.
According to Juan Leon, Senior Investment Strategist at Bitwise Asset Management, Ethereum has the potential to experience a major revival in 2025. He said that in the last 10 days, the spot-based Ethereum ETF has attracted US$2 billion in inflows, far exceeding the US$250 million over the previous four months.
Leon believes that Ethereum's role in real asset tokenization could generate more than US$100 billion in annual revenue and is supported by supportive regulations, especially from the Securities and Exchange Commission (SEC), the US financial services authority.
For information, this ETF is designed to follow the price movement of Ethereum, to provide investors with the opportunity to own crypto assets without having to manage their own digital wallets.
104 Whale Wallets Have 100 Thousand Ethereum, the Highest Achievement
A total of 104 whale wallets hold more than 100,000 #Ethereum(ETH) , the highest achievement level, because the wallet covers 57% of all Ethereum supplies.
In detail, each wallet has US$333 billion which holds a range of 10,000 to 100,000 Ethereum. Previously, wallets that had 100 ETH held 9.19% of the ETH supply.
This has triggered sentiment towards the Ethereum market. Moreover, according to Santiment, a cryptocurrency analytics platform, this news indicates a long-term bullish signal to reach its highest price.
"This is a long-term bullish signal when the main stakeholders of the most prominent coin continue to accumulate its assets (Ethereum), especially since it is 9 years old," said Santiment.
Ripple, officially launched Ripple USD (RLUSD), its newest stablecoin, following the receipt of regulatory approval from the New York State Department of Financial Services (NYDFS), Tuesday (12/17).
For information, RLUSD is designed as a conventional stablecoin that is fully backed by US dollar reserves, including US Treasury securities, and bank deposits. This aims to ensure stability in the market.
Ripple CEO Brad Garlinghouse, expressed optimism about the potential of RLUSD to revolutionize the way stablecoins are used in financial transactions. In fact, he emphasized that utility and compliance are key differentiators in the market in the coming years.
Reportedly, Ripple has formed an advisory board consisting of renowned figures such as Former Governor of the Central Bank of India Raghuram Rajan and Former COO of the Federal Reserve Bank of Boston Kenneth Montgomery, so that it can strengthen Ripple's efforts in stablecoins.
With the launch of the RLUSD stablecoin, Ripple takes a significant step in the evolution of digital currencies in the global payment system.
Donald Trump attends dinner at Blockchain Association Annual Policy Summit, voicing support for developing blockchain industry to prevent business from moving to countries like China. #TrumpCryptoSupport #btcupdates
Following MicroStrategy, Semler Scientific Acquires 211 Bitcoins at a Price Above US$100,000
Semler Scientific (SMLR), a US health technology company, has followed in the footsteps of MicroStrategy (MSTR), a business intelligence company founded by Michael Saylor, by purchasing 211 Bitcoins (BTC) worth US$21.5 million at an average price of US$101,890 per coin, Monday (12/16).
This purchase increases the total number of BTC owned by Semler Scientific to 2,084 pieces with a total acquisition value of US$168.6 million. This move has resulted in a BTC return of 67% this quarter and 92.8% since Semler implemented a financial strategy using Bitcoin last May.
Previously, MicroStrategy had also kept Michael Saylor's word by purchasing 15,350 BTC at a higher price, which was around US$100,000 per piece.
Therefore, it is certain that the surge in Bitcoin prices has not made Semler Scientific or MicroStrategy stop their vision of making Bitcoin the company's main strategic asset. #BTC_MARKET_UPDATE
Southeast Asian Countries Race to Become AI Leaders
Developing countries in Southeast Asia are reportedly racing to become leading artificial intelligence (AI) centers. Network Media Consulting CEO Grace Yuehan Wang also stated that this competition is partly aimed at attracting foreign investors to their countries.
To that end, the ten countries of The Association of Southeast Asian Nations (ASEAN), Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam have issued national AI strategies.
Access Partnership consultant Jun Le Koay stated that the AI trend presents an opportunity for Southeast Asia to take advantage of existing infrastructure.
He believes that ASEAN countries have made significant progress in increasing internet access over the past decade which has created a digital native population that is ready to adopt and innovate with the technology.
Newly elected House Financial Services Committee Chairman French Hill said his top priority in the next 100 days will be building a regulatory framework for digital assets and focusing on stablecoins.
Hill has worked to pass crypto bills, including one to regulate stablecoins and another focused on market structure. He has also criticized Securities and Exchange Commission Chairman Gary Gensler’s approach to crypto in the past. #btcupdates
Electric Capital released a report on developer activity, showing that Ethereum remains the largest developer ecosystem, with more than half of the activity occurring on Layer 2.
Asia is the region with the largest number of developers, with India accounting for 17% of new developers.
However, Solana emerged as the leader in 2024, in terms of new developers, surpassing Ethereum for the first time since 2016. 7,625 of the 39,148 new developers chose Solana, representing an 83% year-over-year increase. #EthereumUpdate #solananews
Ukraine is expected to legalize cryptocurrencies in the first quarter of 2025. However, tax benefits for crypto assets are unlikely to be introduced.
According to Daniil Hetmancev, head of the Ukrainian Parliament’s tax committee, the working group is finalizing the draft law for the first reading, and the law will be adopted in cooperation with the National Bank and the IMF, without tax exemptions for crypto, as it will be taxed like securities.
Ethereum* buying volume hits its lowest level ever recorded. The Ethereum price drop is due to the high buy-sell volume that is now at a record low of -400 million, indicating aggressive selling.
A similar pattern occurred before Ethereum's peak in May 2021.
*A total of #ETH has been purchased by users who accepted offers from sellers on crypto exchanges.
President-elect Donald Trump congratulated Bitcoin enthusiasts as Bitcoin surpassed $100,000, and he attributed the surge to his pro-crypto policies. #btcupdates #BecomeCreator
TIPS FOR RATIONAL THINKING DURING A BULL MARKET When facing a bull market, where asset prices tend to rise and the market mood is very optimistic, it is important to remain rational so as not to get caught up in the euphoria. Here are some tips for maintaining rationality:
1. Understand the Fundamental Value of Assets Don't just buy assets because their prices are going up. Make sure you understand the fundamental value of the asset, such as the company's performance (if stocks), the technology behind the asset (if crypto), or other market conditions.
Use ratios such as the P/E ratio or other fundamental indicators to evaluate whether the price is fair.
2. Stick to the Investment Plan Have a clear strategy, whether it's short-term or long-term.
Set a profit target and a stop loss, and be disciplined in following the plan.
3. Avoid FOMO (Fear of Missing Out) Don't feel like you have to buy immediately because you're afraid of missing out on a trend. Prices that rise too quickly are often at risk of sharp corrections.
4. Diversify Portfolio Don't put all your capital in one particular asset or sector. Diversification can protect you if one asset experiences a drastic decline. 5. Stay Updated with Market Information Follow market news and analysis from trusted sources, but don't let information overload influence your decisions. 6. Don't Get Greedy Bull markets often create excessive optimism, causing many people to become too greedy. Stay realistic with your profit targets and don't try to "chase the top." 7. Study Historical Patterns Bull markets don't last forever. Learning from past patterns can help you recognize signs of a potential bear market reversal.
Investing in a bull market can be profitable, but there are still significant risks if you are not careful. By thinking rationally, you can maximize your profits while minimizing potential losses. #BecomeCreator #BTC_MARKET_UPDATE
Based on several predictions, the price of WINkLink (WIN) at the end of 2024 is expected to be in the range of $0.0001038 to $0.0001261. Another prediction states that on December 12, 2024, the price of WINkLink will be between $0.00013 to $0.00015.
The fate of WINkLink (WIN) Coin depends on various factors that affect the crypto market, including:
Development of the WINkLink Ecosystem: WINkLink is a decentralized oracle project used in the TRON blockchain ecosystem. If this project continues to grow and is widely used, then the potential for growth in the value of #WIN is quite large.
Adoption and Partnerships: Strategic partnerships with other blockchain projects, application developers, or financial institutions can increase the use of #WIN and have a positive impact on its value.