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Robert Kiyosaki: ‘The Easiest Way to Become a Millionaire’
Robert Kiyosaki, famed investor and author, believes Bitcoin is the easiest path to millionaire status, surpassing traditional entrepreneurship.
Joe G & Money Talks
June 11, 2024 • Estimated Reading Time: 6 minutes
What we will talk about today...
Robert Kiyosaki: ‘The Easiest Way to Become a Millionaire’
Why is Ethereum (ETH) Price Down Today?
FTC Warns of Crypto Scams from Online Love Interests
Robert Kiyosaki, famed investor and author, believes Bitcoin is the easiest path to millionaire status, surpassing traditional entrepreneurship.
BITCOIN is the easiest way to become a millionaire. Making millions as an entrepreneur is hard. I know. You have to be really smart, dedicated, and lucky to become a millionaire starting your own business. I save Bitcoin because Bitcoin does the hardwork
for me. That is why I… x.com/i/web/status/1…— Robert Kiyosaki (@theRealKiyosaki)
3:27 AM • Jun 11, 2024
Main Points:
Bitcoin's Potential: Predicts Bitcoin could hit $350,000 by August 2024.
Simpler Millionaire Path: Bitcoin is easier than starting a business.
Wealth Protection: Bitcoin safeguards wealth from inflation and government-controlled currency.
Other Investments: Supports Ethereum, Solana, gold, and silver.
Detailed Insights:
Bitcoin's Potential: Kiyosaki forecasts Bitcoin reaching $350,000 by August 2024 and possibly $2.3 million eventually.
Simpler Millionaire Path: He claims Bitcoin simplifies becoming a millionaire compared to entrepreneurship, noting, "Bitcoin does the hard work for me."
Wealth Protection: Kiyosaki sees Bitcoin as a shield against inflation and government currency, also backing Ethereum and Solana.
Other Investments: Advises investing in gold and silver for stability amid economic challenges.
Current Bitcoin Status: As of June 11, Bitcoin is priced at $67,761, with significant yearly gains despite recent fluctuations.
Kathie Wood quarantees Bitcoin will hit $2.3 million per BTC. Do I believe her? Yes I do. Kathie Wood is very smart. I trust her opinion. Could she be wrong? Yes. She could be. So what? The more important question is “ What do you believe?” What if Kathie is right? What if… x.com/i/web/status/1…
— Robert Kiyosaki (@theRealKiyosaki)
3:36 AM • Apr 11, 2024
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Why is Ethereum (ETH) Price Down Today?
Ether's price decline is linked to anticipation of a Federal Reserve interest rate decision and U.S. inflation data, along with decreased accumulation by major Ethereum holders.
ETH/USD daily price chart.
Main Points:
Fed Meeting Impact: Upcoming Federal Reserve decision affects market sentiment.
Whale Activity: Reduced accumulation by large Ethereum holders increases selling pressure.
Technical Correction: Ether's recent overbought status leads to a market correction.
Detailed Insights:
Fed Meeting Impact: Strong economic data may lead to fewer anticipated interest rate cuts, affecting Ether's price.
Whale Activity: Redistribution of Ether holdings suggests large investors are offloading, increasing selling pressure.
Technical Correction: Ether is near support at $3,475; a break below may push prices below $3,400. A rebound could target $3,600-$3,800.
Target rate probabilities for December meeting. Source: CME
₿itcoin reached $67,118. -3.34%
♢Ethereum reached $3,538. -3.60%
The FTC warns of romance scammers offering cryptocurrency investment advice, emphasizing risks and urging caution.
Main Points:
FTC Alert: Romance scammers exploit victims by offering fake investment advice.
Deceptive Tactics: Scammers build trust, claiming expertise in cryptocurrency investing.
Protective Measures: Consumers are advised to cease contact, report scams, and file reports with the FTC.
Detailed Insights:
Price Surge Caution: Analyst John Bollinger warns of potential short-term correction in Bitcoin's price based on technical indicators.
Long-Term Outlook: Despite short-term concerns, Bollinger remains optimistic about Bitcoin's future growth.
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results