Get Smarter About Crypto

₿itcoin reached $70,882. +0.82%

♢Ethereum reached $3,540.  +0.15%

What we will talk about today...

🚀 Robert Kiyosaki’s Bitcoin Forecast

📈 BlackRock’s IBIT Bitcoin ETF Hits $15 Billion Milestone

🚀 2024 Bitcoin Ecosystem Funding Boom

Robert Kiyosaki’s Bitcoin Forecast

Robert Kiyosaki’s Prediction:

• “Rich Dad Poor Dad” author Robert Kiyosaki predicts Bitcoin will reach $2.3 million.

• He supports Ark Invest CEO Cathie Wood’s analysis and encourages people to invest in Bitcoin.

Cathie Wood’s Analysis:

• Ark Invest forecasts Bitcoin could hit $1.5 million.

• Institutional investments could significantly increase Bitcoin’s value.

Bitcoin as Financial Protection:

• Kiyosaki views Bitcoin as a safeguard against economic downturns and currency issues.

• The rise in Bitcoin’s price is seen as a move towards safer investments.

Market Crash Concerns:

• Kiyosaki warns of potential crashes in stock, bond, and real estate markets.

• Advises diversifying with gold, silver, and Bitcoin.

Moving Away from the Dollar:

• Suggests investing in Bitcoin over the U.S. dollar to protect against inflation.

• Remains confident about Bitcoin’s future growth.

Kiyosaki’s strong belief in Bitcoin reflects its increasing acceptance as a valuable investment by financial experts.

BlackRock’s IBIT Bitcoin ETF Hits $15 Billion Milestone

BlackRock’s IBIT ETF Success:

• BlackRock’s IBIT, a bitcoin-focused ETF, has quickly gathered $15 billion in investments.

• It’s now among the top 100 ETFs by assets, showing a 50% value increase in three months.

Inflow Dominance:

• IBIT led the inflow race, adding $192.1 million in a single day.

• This performance outshines Grayscale’s GBTC, which saw a $124.9 million decrease.

Marketing Push:

• BlackRock has ramped up advertising for IBIT, aiming to stand out in the crowded Bitcoin investment market.

Trading Insights:

• Despite a dip in daily trading volume, IBIT remains a key player, with significant trading activity.

Asset Growth:

• IBIT’s assets are nearing $20 billion, managing over 266,000 BTC.

• Other funds like Fidelity’s FBTC and Ark Invest’s ARKB also show strong growth.

GBTC’s Decline:

• Grayscale’s GBTC has seen a 49% asset drop since IBIT’s launch, indicating a shift towards ETFs.

Bitcoin’s Market Resilience:

• Bitcoin’s price stands at $70,774, with a 5% monthly increase and 67% gain this year.

• It remains a popular choice for investors amid economic uncertainties.

BlackRock’s IBIT ETF’s impressive growth reflects Bitcoin’s growing status as a sought-after investment option.

2024 Bitcoin Ecosystem Funding Boom

Bitcoin Projects Attract Major Investments:

• 43 Bitcoin projects have raised over $127 million in 2024.

• This shows a strong investor confidence in the future of Bitcoin.

Diverse Projects Funded:

• Investments cover a range of Bitcoin-related areas, from L2 solutions to NFT marketplaces.

Notable Funding Achievements:

• Alpen Labs and Ordinalsbot are among the startups with significant funding, securing $10.6 million and $3 million respectively.

Broad Investor Support:

• A variety of venture capital firms are backing Bitcoin projects, indicating a belief in their long-term success.

Optimistic Future for Bitcoin:

• The influx of funds reflects a positive outlook for Bitcoin’s role in transforming finance.

• Continued innovation is expected to drive growth and wider adoption of Bitcoin technologies.

The strong funding activity highlights the growing sophistication of the Bitcoin industry and its appeal to investors. The trend suggests a promising future for Bitcoin’s development and influence.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

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