Bold Prediction by Financial Guru Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has made a bold prediction that Bitcoin will hit $100,000 by June 2024. This prediction has sparked excitement among Bitcoin enthusiasts but raised concerns among financial experts. Rationale for the Prediction Kiyosaki believes that Bitcoin will serve as a hedge against…
Key Dates to Watch February 20: Deadline for Ripple to provide financial data March 13: SEC submits remedies-related brief April 12: Deadline for final remedies submission April 29: Expected conclusion of lawsuit (with settlement) Expert Speculation XRP community member Ashley Prosper believes the lawsuit will conclude in April if a settlement is reached. However, they…
Magic Money and Ethereum’s Bubble A crypto analyst warns that Ethereum’s liquid-staked tokens (LSTs) and liquid-restaked tokens (LRTs) are creating “magic money” that could lead to a market crash. These tokens are backed by nothing substantial, similar to fractional reserve banking. The analyst believes the crypto market is not equipped to handle this artificial inflation….
SEC Approval on the Horizon According to Bernstein, a leading asset management firm, the SEC is likely to approve an Ethereum Spot ETF. This would make Ethereum the second cryptocurrency, after Bitcoin, to gain SEC approval for an ETF. Timeline for Approval Bernstein predicts that an Ethereum Spot ETF could be approved by May 2023,…
Cryptocurrency analyst Michaël van de Poppe believes Ethereum (ETH) and altcoins are set to gain ground on Bitcoin (BTC). Ethereum’s Rise Van de Poppe points to Ethereum’s upcoming Dencun update, which aims to lower transaction fees, and the potential approval of spot ETH exchange-traded funds (ETFs) as catalysts for its growth. He believes Ethereum has…
Smaller investors are making a comeback in the crypto market, according to a recent report by Bloomberg. This resurgence comes as Bitcoin (BTC) has rallied 25% in the past month. Positive Earnings Reports Both Robinhood and Coinbase, popular retail trading apps, reported positive earnings last week. Coinbase saw a surge in revenue and users, and…
Analyst Benjamin Cowen believes Ethereum (ETH) may be following a historical pattern that could lead to a significant price drop. Historical Precedent In the previous crypto bear market, Ethereum didn’t reach its bottom until it broke below a rising wedge pattern and retested a macro low. Cowen also noted that ETH crashed after the Ethereum/Bitcoin…
What’s the Buzz? Pixels (PIXEL), a Web3 game built on the Ronin blockchain, has skyrocketed after going live on Binance, the world’s largest crypto exchange. Details PIXEL surged from $0.47 to $0.69, a 46% increase. The token is now available for trading, farming, and other opportunities on Binance. Binance has labeled PIXEL as a “seed”…
Finance Expert’s Prediction Renowned author Robert Kiyosaki has predicted that Bitcoin will reach $100,000 by June 2024. While he didn’t specify the reason for this surge, Kiyosaki has consistently been a Bitcoin advocate. Previous Predictions Kiyosaki has previously predicted Bitcoin reaching $150,000, citing the approval of Spot Bitcoin ETFs as a catalyst. He has also…
Rising Open Interest Bitcoin’s open interest has been soaring as the price has climbed steadily. This surge reflects the growing interest in crypto since the SEC approved Spot Bitcoin ETFs. The open interest has now reached its highest level since November 2021, when Bitcoin hit its all-time high of $69,000. Historical Levels Data shows that…
