Bitcoin Price Prediction: Kiyosaki's Nod, FTX Recovers, Warren's Bill Rises
In a vibrant start to the week, Bitcoin is registering a modest increase of nearly 0.50%, trading at $26,647. This uptick coincides with notable developments in the crypto landscape.
Financial educator Robert Kiyosaki has voiced his strong reservations about traditional fiat currency, going as far as to label it 'criminal money,' while throwing his weight behind cryptocurrency.
On the platform front, FTX has efficiently manoeuvred past a recent cybersecurity breach, ensuring full access to its Claims Portal.
Parallelly, in the political arena, Senator Elizabeth Warren's cryptocurrency bill draws attention and amasses considerable support among her US legislative peers.
Renowned author Robert Kiyosaki has expressed his support for cryptocurrencies, especially Bitcoin, labeling traditional fiat currencies as "criminal money."
Kiyosaki, who predicts Bitcoin will reach $120,000 within the next year, cautions about an imminent economic crisis and advocates for digital assets as a protective refuge.
His optimism for Bitcoin arises from his faith in its resilience and its potential to bounce back after market slumps, primarily influenced by upcoming halving events.
He contends that fiat currencies, including the US dollar, are headed for depreciation due to extensive monetary injections into the economy, resulting in rampant inflation.
Although Kiyosaki links inflation and its anticipated repercussions to the green energy policies under President Joe Biden, recent data challenges this claim.
Bank of America states that such policies have generated over 86,000 clean energy jobs, 50,000 of which are in the electric vehicle sector, with projections of an additional 1.5 million jobs in the upcoming decade.
Kiyosaki's consistent critique
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