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    ‘Wealthy Dad Poor Dad’ Writer Is Shopping for Extra Bitcoin Amid Large Rally
    Bitcoin

    ‘Wealthy Dad Poor Dad’ Writer Is Shopping for Extra Bitcoin Amid Large Rally

    By Crypto EditorJanuary 6, 2025No Comments2 Mins Read
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    ‘Wealthy Dad Poor Dad’ Writer Is Shopping for Extra Bitcoin Amid Large Rally

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    Disclaimer: The opinions expressed by our writers are their very own and don’t characterize the views of U.Immediately. The monetary and market data offered on U.Immediately is meant for informational functions solely. U.Immediately isn’t accountable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your individual analysis by contacting monetary specialists earlier than making any funding choices. We consider that every one content material is correct as of the date of publication, however sure affords talked about might not be out there.

    Robert Kiyosaki, the writer recognized for “Wealthy Dad Poor Dad” monetary literacy books, is shopping for extra Bitcoin after the cryptocurrency surpassed the $100,000 milestone. 

    Earlier this month, he predicted that the cryptocurrency may surge all the way in which to $350,000 this 12 months.  

    Bitcoin’s comeback 

    Earlier right this moment, the value of Bitcoin reached an intraday excessive of $102,514 on the Bitstamp change.

    That is the very best stage reached by the cryptocurrency since Dec. 19. 

    Bitcoin has now rallied by greater than 12% since plunging to an area low of $91,315 on Dec. 30.

    In accordance with cryptocurrency analytics platform Lookonchain, a whale turned a revenue of greater than $4 million right into a $3.75 million loss after failing to shut their place forward of a latest Bitcoin correction.

    Nonetheless, following Bitcoin’s most up-to-date value rally, the whale in query managed to safe an unrealized revenue of $505,000. 

    Extra ETF shopping for  

    The sudden restoration comes after spot Bitcoin exchange-traded funds (ETFs) recorded greater than $900 million value of inflows on Monday, recovering from a latest streak of outflows. 

    Glassnode analysts argue that the promoting was pushed by seasonal components. Now, they’re anticipating extra shopping for exercise from conventional buyers. 

    US patrons again in motion 

    In accordance with CryptoQuant information, the Bitcoin rally seems to be primarily pushed by spot shopping for on the 

    Notably, the Coinbase Premium Index crossed the 14-day easy transferring common (SMA) for the primary time in 26 days three days in the past. As famous by the agency, an identical transfer noticed Bitcoin surging from $69,000 to $108,000 within the fourth quarter of the 12 months. 



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