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Robert Kiyosaki: Nobody Paid Attention To This..!
Robert Kiyosaki predicts Bitcoin will reach $350,000 by August 2024, driven by bullish sentiment and criticism of financial leaders.
Joe G & Money Talks
June 06, 2024 • Estimated Reading Time: 6 minutes
What we will talk about today...
Bitcoin Bull Run’s ‘Most Important Chart’ Hits New $94T All-Time High
Robert Kiyosaki Predicts Bitcoin to Hit $350,000 by August 2024
Insurers Can No Longer Treat Bitcoin as ‘Toxic Asset’ After Musk Deepfake Scam
Global liquidity reaching $94 trillion is set to boost Bitcoin's bull run, according to recent analysis.
The most important chart for this bull run has just made a new all-time high.
Are you ready?
#bitcoin
— Philip Swift (@PositiveCrypto)
8:54 AM • Jun 5, 2024
Main Points:
Record Liquidity: Global liquidity hits $94 trillion, surpassing previous highs.
BTC Sensitivity: Bitcoin price is highly influenced by global liquidity trends.
Institutional Investment: Increased investment by institutions parallels pre-2020 rally behavior.
Detailed Insights:
Liquidity Surge: Global M2 money supply at $94 trillion, $3 trillion higher than Bitcoin’s 2021 peak.
Bullish Outlook: Ideal conditions for BTC price increase.
Institutional Activity: $1 billion daily added to Bitcoin by institutional investors.
ETF Inflows: U.S. spot Bitcoin ETFs see strong inflows on June 4.
Bitcoin's new whale entity realized cap comparison. source: CryptoQuant
U.S. spot Bitcoin ETF holdings. Source: CryptoQuant
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Robert Kiyosaki Predicts Bitcoin to Hit $350,000 by August 2024
Financial author Robert Kiyosaki predicts Bitcoin will reach $350,000 by August 2024, driven by bullish sentiment and criticism of financial leaders.
BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers bait, but it’s not a lie becuase any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to… x.com/i/web/status/1…
— Robert Kiyosaki (@theRealKiyosaki)
10:05 PM • Jun 5, 2024
Main Points:
Bold Prediction: Kiyosaki forecasts Bitcoin at $350,000 by August 25, 2024.
Market Sentiment: Positive outlook for Bitcoin, Ethereum, and Solana.
Leader Critique: Confidence fueled by perceived incompetence of key financial figures.
Detailed Insights:
Speculative Nature: Kiyosaki acknowledges the prediction is speculative but confident.
Investment Strategy: Continues to buy Bitcoin, Ethereum, and Solana, expecting price increases.
Market Impact: Encourages cryptocurrency diversification, highlighting the potential for significant gains.
₿itcoin reached $71,019. +0.01%
♢Ethereum reached $3,851. +0.39%
A deepfake scam involving Elon Musk has prompted insurers to recognize Bitcoin as a mainstream asset.
Main Points:
Scam Incident: A deepfake of Elon Musk promised to double Bitcoin investments on YouTube.
Market Shift: Bitcoin is now mainstream and impacts millions.
Insurance Industry: Insurers must adapt to protect digital assets.
Detailed Insights:
Mainstream Status: Bitcoin's mainstream adoption requires proper engagement from insurers.
Evolving Risks: The scam shows a rapid shift in risk due to new fraud types like deepfakes.
Insurance Opportunities: Insurers should offer policies to protect digital identities, with the potential for lucrative contracts.
This scam highlights the need for insurers to adapt and protect digital assets in a digital age.
Related: Musk vs. Nakamoto
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results