Bitcoin Price – ‘Rich Dad Poor Dad’ Author Predicts ‘Trillion Dollar’ Boom
Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...
Bitcoin (BTC) surged above $61,000 early Thursday, reaching an intra-day high of $61,800. Meanwhile, the global crypto market cap hit $2.14 trillion, reflecting a 24-hour gain of nearly 1.75%.
The rally was driven by Federal Reserve Chair Jerome Powell’s comments hinting at a potential rate cut in September.
Trump-appointed Federal Reserve chair Jerome Powell and other officials agreed September interest rate cut looks likelyhttps://t.co/6DkK0tXbA7
Furthermore, a downward revision in U.S. employment growth data from March 2023 to March 2024 revealed a weaker job market than initially reported.
This has increased expectations for more significant interest rate cuts by the Federal Reserve, fueling market optimism.
U.S. job market sees largest markdown since 2009
818K fewer jobs in the 12 months ending in March.
Average employment growth: down from 242K from to 174K. pic.twitter.com/0gKjb9feq4
Another factor boosting Bitcoin is Robert Kiyosaki’s warning about the U.S. national debt, which is increasing by a trillion dollars every 100 days.
He suggests that Bitcoin, along with gold and silver, serves as a safe haven against inflation and economic instability, encouraging people to invest in these assets.
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