Robert Kiyosaki Says FOMO Is Good As Bitcoin Price Nears $100,000 Mark

Robert Kiyosaki, author of Rich Dad Poor Dad, has sparked discussion about Bitcoin’s potential to reach new heights.
In a recent post, he stated that FOMO (Fear of Missing Out) could benefit investors as Bitcoin price approaches the $100,000 mark.
Kiyosaki, a strong advocate for alternative assets like gold, silver, and Bitcoin, warned that holders of traditional fiat currencies risk missing out.
He believes that as BTC nears the $100,000 milestone, only the ultra-wealthy will be able to afford significant holdings.
Robert Kiyosaki Warns: FOMO is Key as Bitcoin Nears $100,000
In a recent tweet, Robert Kiyosaki highlighted his view that Bitcoin will soon surpass the $100,000 mark. He emphasized that once BTC hits this price point, it will become increasingly difficult for the middle class to invest in significant amounts.
Kiyosaki argued that those holding traditional fiat currencies like the dollar, euro, or yen will lose out as Bitcoin becomes more accessible only to the ultra-wealthy.
Robert Kiyosaki has long been a critic of fiat currencies and advocates for alternatives like Bitcoin, gold, and silver. He has been consistent in his stance that Bitcoin offers an opportunity to protect wealth in a way that traditional currencies cannot.
With Bitcoin price approaching new highs, Kiyosaki has advised those hesitant about Bitcoin to reconsider and embrace the “FOMO” mentality. He suggested that this fear of missing out could drive more investors toward the crypto, benefiting those who act early.
The Rich Dad Poor Dad author emphasized,
“The horse will be out of the barn and running. Why? Once Bitcoin breaks $100,000 only the ultra-rich such as corporations, banks, and sovereign wealth funds will be able to afford Bitcoin of any consequence. FOMO is good. Don’t be left behind!”
Kiyosaki Criticizes Fiat Savings
According to Robert Kiyosaki, those who save in cash or hold fiat currencies are “losers,” as he calls them, due to the devaluation brought on by inflation. He reiterated this message in his recent posts, where he underscored the importance of diversifying into assets like Bitcoin.
His argument rests on the view that inflation and government monetary policies will continue to erode the purchasing power of traditional currencies.
As the Bitcoin price continues to rise, he forecasts that it will soon reach $100,000 and beyond. He pointed out that once this milestone is achieved, it will be almost impossible for most people to catch up.
Kiyosaki added,
“Savers are losers…because cash is trash. Bitcoin will soon break $100,000. Once Bitcoin passes $100,000 it will be almost impossible for the poor and middle class to catch up.”
In addition to his commentary on the Bitcoin price, Robert Kiyosaki praised Michael Saylor, the founder of MicroStrategy, for his Bitcoin strategy.
Kiyosaki referred to Saylor as a “genius” for utilizing the company’s treasury to purchase billions of dollars worth of Bitcoin. He believes that Saylor’s approach strengthened MicroStrategy’s balance sheet.
At press time, Bitcoin is trading at around $96,400, following a recent rebound from a low of $91,000 earlier in the week. The cryptocurrency has shown strong resilience, with analysts predicting a BTC rally toward $100,000 soon.
#bitcoin100k #BTC #cryptocurrency #cryptomarket #CryptoNews

Rising stablecoin adoption on Polkadot: Is it enough to drive DOT prices?

Polkadot sees strong stablecoin growth with USDC and USDT surpassing $120 million in value.Development activity remains low, limiting Polkadot’s ability to fully capitalize on stablecoin adoption.
Stablecoin adoption on Polkadot [DOT] has seen impressive growth, with USDC and USDT surpassing $120 million in combined value. This surge highlights increasing confidence in Polkadot’s infrastructure, which promises scalability and security.
At press time, DOT was trading at $8.51, up 3.76% in the last 24 hours. However, despite this positive development, can Polkadot continue to expand its stablecoin ecosystem and attract more liquidity?
What’s driving stablecoin adoption on DOT?
Polkadot’s growing appeal as a stablecoin hub reflects broader trends in the blockchain space. USDC and USDT, the two major stablecoins, have rapidly gained traction, thanks to Polkadot’s ability to offer low transaction fees and high scalability.
Therefore, this makes Polkadot an attractive platform for stablecoin users looking for faster and cheaper transactions compared to Ethereum.
However, Polkadot’s growing stablecoin adoption may not be enough to fuel long-term growth if its broader ecosystem doesn’t continue to evolve.
Development activity: Does it match the growth?
Although stablecoin adoption is on the rise, Polkadot’s development activity remains low, with a score of 38.26. This number indicates that while Polkadot’s infrastructure is stable, innovation on the network is slowing down.
Consequently, a lack of robust developer activity could lead to stagnation, limiting the network’s ability to support and integrate more decentralized applications (dApps) in the future.
Therefore, Polkadot must ramp up development efforts to remain competitive and support the growing stablecoin demand.
Liquidations reveal mixed market sentimentLooking at DOT’s market sentiment, we see a notable contrast in liquidations. Short liquidations are valued at $27.4k, while long liquidations total $117.53k.
This suggests that while there’s an overall bullish sentiment in the market, many investors have taken significant losses on long positions.
Therefore, DOT may face volatility in the short term as market participants adjust their positions. However, if the bullish trend continues, DOT could see further upward price movement, especially as stablecoin adoption strengthens its liquidity.
DOT’s social dominance: A barrier to growth?
Polkadot’s social dominance remains relatively low at 0.258%. Despite the growing interest in stablecoin integration, Polkadot struggles with low engagement across social platforms.
This weak social presence could hinder its ability to attract new users and developers, both of which are essential for long-term success.
Therefore, Polkadot must focus on improving its brand visibility and community engagement to build a more active ecosystem.
Can Polkadot continue to expand its stablecoin ecosystem?
Polkadot’s stablecoin adoption is on the rise, and the network has proven its ability to scale. However, challenges remain. With development activity low and social dominance weak, DOT must address these issues to continue its growth.
Additionally, while stablecoin adoption brings liquidity, Polkadot must leverage this momentum to foster a broader ecosystem. If Polkadot addresses its development and community engagement gaps, it can sustain this growth trajectory.
#Polkadot #DOT #AltcoinSeason #cryptocurrency #CryptoNews

Investors Are Eyeing These 5 Cryptos for Explosive Growth in 2024

EarthMeta (EMT) is dedicated to using NFTs to change the way people own things and how value is realized across virtual worlds.
It will also reaffirm that Bitcoin (BTC) is an unchallenged store of value with high returns and favorable for institutions.
ETH and AVAX represent the best of scalability with mind-blowing concepts shared with decentralized applications.
The cryptocurrency environment is moving steadily forward with thousands of live options and threats arising as the market develops. Businessmen are always searching for digital coins that would be promising for further growth, especially when the end of the year is near.
Five promising contenders—EarthMeta (EMT), Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), and Binance Coin (BNB)—are making waves among them largely owing to the characteristics and their impactful application.
Bitcoin (BTC): The Unmatched Leader
As much as Bitcoin (BTC) is the oldest cryptocurrency on the market today, it remains highly resistant and even outperforms the rest. This means that there is no question about its status as the world’s first decentralized digital currency which strengthens its position as an asset.
Bitcoin is still an investment and an inflation hedge and that is why it must remain relevant in shifting financial architectures.
Ethereum (ETH): An Innovative Smart Contract Pioneer
The feature that established Ethereum as the world’s leading blockchain platform is its inclusive smart contracts feature, making it a perfect system for the development of decentralized applications or dApps.

It has set an example for the generation of rich investment avenues for developers and entrepreneurs across the globe.
With the subsequent updates, Ethereum stands to turn everything on its head and eliminate scalability issues hence a stupendous asset with extraordinary opportunity.
EarthMeta (EMT): A Revolutionary NFT-Driven Blockchain
EarthMeta (EMT) seems to be getting into the crypto space as an attractive company due to its niche focus on NFTs and digital ownership.
EMT is aimed at everyone interested in new approaches to organizational solutions in a completely dispersed virtual world.
Avalanche (AVAX): Remarkable Speed and ScalabilityAvalanche (AVAX) is most known for having exciting technology and aiming at nothing but high transaction throughput.
Its ecosystem is built on blockchain that allows for high-yield solutions, attractive to developers and larger enterprises who require superior scalability. This innovation makes Avalanche continue to be among the best cryptocurrencies to consider.
Binance Coin (BNB): The Profitable Exchange TokenBinance Coin (BNB), which is the token of the Binance exchange, has proved its profitability. It is capable of offering transaction discounts, platform fees, and much more in its environment, therefore making it a worthy investment asset.
They make its performance highly stable and make the invention relevant and a worthy addition to the universe of cryptocurrencies.
#cryptocurrency #Altcoins #memecoin #BTC #Cryptonews

Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook

Cardano (ADA) is trading above the critical $1 level, fueling optimism among investors anticipating further upside in the coming weeks. After a strong bullish run in recent weeks, the recent pullback appears to be a temporary pause in an upward trend.
Crucial on-chain data supports this outlook, indicating robust network activity that reinforces the bullish sentiment for ADA.
Key metrics shared by IntoTheBlock reveal over 840,000 transactions recorded on the Cardano network, with total fees amounting to 279,000 ADA. This data underscores growing usage and demand for the Cardano blockchain, adding to its fundamental strength.
Such network activity often correlates with price appreciation, suggesting that ADA could soon maintain its momentum.
As ADA consolidates above $1, the market will closely monitor whether it can hold this key level and push higher. Investors and analysts are optimistic, citing the network’s increasing adoption and solid transaction metrics as critical factors driving its bullish outlook.
The next few weeks could be pivotal for Cardano, with a sustained move above $1 likely signaling the continuation of its upward trend.
Cardano Activity Growing
Cardano is trading at multi-year highs and looks poised to continue its impressive rally. After breaking through the critical $1 level at the start of this bull run, ADA has shown strong momentum, driven by increasing adoption and investor confidence.
On-chain data shared by IntoTheBlock analyst C Thumbs highlights significant milestones, signaling sustained growth in the Cardano ecosystem.
The latest data reveals that Cardano recently surpassed 840,000 transactions, with total fees reaching 279,000 ADA. Notably, the last time transaction volumes and fees were this high was in March 2022.
This resurgence reflects the growing utility of the Cardano blockchain, transitioning from being primarily speculative to demonstrating real-world value.
A closer look at holder trends further underscores this shift. From July 2022 until today, ADA has seen sustained growth in the number of holders, indicating increasing confidence in the blockchain’s long-term potential.
Unlike previous cycles, where ADA’s price movements were driven primarily by speculation, the current rally appears underpinned by tangible network activity and adoption.
As Cardano continues to gain traction, investors are focusing on the next significant supply level. With robust network activity and bullish sentiment prevailing, ADA appears ready to target new highs, reinforcing its status as a leading blockchain in the crypto space.
ADA Testing Crucial Supply
Cardano has experienced a remarkable 250% rally in less than a month, showcasing strong bullish momentum as it gains traction in the market.
Currently trading at $1.06, ADA is approaching its yearly high of $1.15, a crucial resistance level that could define its next price trajectory.
If ADA successfully breaks above the $1.15 level, it could open the door to a significant rally targeting the next supply zones at $1.25 and potentially $1.60.
Such a breakout would signal renewed investor confidence and sustained demand, further solidifying Cardano’s position as one of the most dynamic assets in the crypto space during this cycle.
However, there is a risk of further consolidation below the $1.15 mark. If ADA fails to hold momentum at this critical level, the price may pull back to test support at $1.00 or lower.
Such a scenario could indicate a temporary pause in the uptrend, allowing investors and traders to reassess the market conditions.
As Cardano trades near these pivotal levels, market participants will closely monitor its price action to determine whether the rally can extend or if consolidation will define the short-term outlook for this rapidly rising altcoin.
#Cardano #AltcoinSeason #cryptocurrency #bitcoin100k #CryptoNews

US Supreme Court Allows States to Issue Gold-Backed Currencies

The US Federal Reserve has ruled that states can issue alternative currencies.
Though gold and silver-backed currencies are recognized, Bitcoin may also gain entry in the future.The US Supreme Court recently permitted 40 states to issue gold—and silver-backed currencies. This move could usher the US crypto economy in a new direction and raise the possibility of Bitcoin (BTC) integration.
US Supreme Court Endorses Dual Banking SystemWhile national banks are subject primarily to federal oversight and regulation, state banks are subject to additional regional regulation.
These two banking systems coexist and compete. However, a new development concerns state-sponsored banks and their power to issue gold—and silver-backed currencies.
“The United States maintains a dual system of banking, made up of parallel federal and state banking systems. That dual system allows privately owned banks to choose whether to obtain a charter from the Federal Government or from a state government,” the Supreme Court noted.
Under the dual banking system, each state in the United States has its own banking system, which runs concurrently with the Federal Reserve.
Additionally, state-sponsored banks can now buy gold reserves and withdraw from the Federal Reserve system. This creates a dual banking model where state banks can operate independently of the corporate Fed system.
This system has profound implications for the US financial systems. First, states that opt to establish gold—and silver-backed currencies may minimize their reliance on the Federal Reserve. Second, it allows for alternate currencies like digital assets within individual states.
For instance, Louisiana, Utah, and Texas have all passed legislation recognizing gold and silver as legal tender. South Carolina has also taken steps to recognize gold and silver as legal tender.
This trend reflects a growing interest in alternative monetary systems and discussions about central banks’ roles and state autonomy.
Is It Time To Consider Bitcoin?
Bitcoin is typically viewed as property rather than cash. However, there are outliers, such as El Salvador, which recognized Bitcoin as legal cash in June 2021.
In the US, the Federal Reserve previously concluded that Bitcoin is unresponsive to both monetary and macroeconomic news, per a CNF report. As a result, the Fed opposes Bitcoin as a form of payment at scale due to its high volatility.
Now that some US states seek alternative currencies, Bitcoin could find a place in this new shift. Notably, Bitcoin is widely accepted as a valid store of wealth and hedge against inflation.
Besides El Salvador, several countries like Zimbabwe and Guatemala have explored Bitcoin’s capabilities as a valuable asset. Following Donald Trump’s election victory in the US, Pennsylvania has proposed adding Bitcoin to the state treasury.
As CNF reported, the state aims to distribute up to 10% of the $7 billion in Treasury funds. These efforts could push other states seeking alternative currencies to adopt Bitcoin.
#USACryptoTrends #Bitcoin #cryptocurrency #cryptomarket #Cryptonews