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Get Smarter About Crypto

₿itcoin reached $64,138. -2.31%

♢Ethereum reached $3,027.  -3.46%

What we will talk about today...

📉 Bitcoin’s Price Drop and Market Reaction

🐻 Robert Kiyosaki’s View on Bitcoin ETFs

📉 Bitcoin’s Market Update

Bitcoin’s Price Drop and Market Reaction

Bitcoin’s Price Fall: Bitcoin’s value fell sharply to $60,900, a 10.3% decrease from its peak. Other cryptocurrencies also saw significant losses.

📉 Market Shock:

The sudden drop caused widespread speculation and concern.

🗣️ Novogratz’s Take:

Mike Novogratz, a major Bitcoin investor, sees this as a short-term issue and remains positive about Bitcoin’s future.

💬 Investor Reaction:

Some sold their Bitcoin in panic, regretting it as the price recovered slightly.

📰 Future Predictions:

Upcoming events may affect the market, but experts advise staying informed and cautious.

Investors are reminded to keep a balanced view and make informed decisions, as the cryptocurrency market is known for its volatility. Strategic planning and resilience are key to dealing with market ups and downs.

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Robert Kiyosaki’s View on Bitcoin ETFs

Robert Kiyosaki, the author of “Rich Dad Poor Dad,” advises against investing in bitcoin ETFs. He prefers real assets like gold, silver, and real estate over financial products.

🚫 Kiyosaki’s Choice:

He says “No” to bitcoin ETFs, choosing physical investments instead.

📚 Investment Strategy:

Believes in being an entrepreneur and managing his own investments.

🥸 Bitcoin Outlook:

Still positive about Bitcoin’s future, despite not favoring ETFs.

📈 Diversification:

Urges moving away from the dollar to assets like bitcoin and precious metals.

💡 Investment Tips:

Stresses on personal responsibility in financial decisions.

Kiyosaki supports the idea of investing in what you can control and suggests keeping a diverse investment portfolio, especially with the unpredictable nature of the market. He remains optimistic about Bitcoin’s potential, aligning with predictions of its value increasing significantly. Investors are reminded to stay informed and choose investments that suit their goals and risk comfort.

Bitcoin’s Market Update

Bitcoin’s Price Drop: Over the weekend, Bitcoin’s price fell by 7.7% to a low of $61,384. This sharp decline led to a wave of forced sell-offs, known as liquidations.

📉 Sudden Decline:

Bitcoin’s value dropped below $62,000 on Saturday afternoon, with a 7.7% fall in just three hours.

💥 Market Impact:

The drop caused over $167 million in Bitcoin long positions to be liquidated within an hour, with total market liquidations nearing $1 billion.

🔄 Volatility:

Attempts to recover were short-lived, as the price dipped again under $62,000 due to ongoing selling pressure.

🐻 Current State:

As of Saturday evening, Bitcoin is trading at $62,777, with the market remaining unstable.

Investors should stay cautious and informed, focusing on the long-term potential of cryptocurrencies despite the current volatility. Strategic thinking is essential for navigating the unpredictable cryptocurrency market.

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CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎