Robert Kiyosaki Predicts A Drop To $60K As Bitcoin Struggles Below $100K
The post Robert Kiyosaki Predicts A Drop To $60K As Bitcoin Struggles Below $100K appeared on BitcoinEthereumNews.com.
Bitcoin remains volatile below the $100,000 level as the market forces and macroeconomic factors determine its trends. Robert Kiyosaki expressed his opinion on X, concerning which he stated that there might be a correction to $60,000. Kiyosaki Sees Bitcoin Correction as a Buying Opportunity Recently, Robert Kiyosaki, the author of the famous book series ‘Rich Dad Poor Dad,’ has expressed concern about the Bitcoin price remaining below $100,000. He predicted that there may be a price dip soon. Nevertheless, Kiyosaki considers this a ‘Bitcoin sale,’ where he wants to acquire more Bitcoin instead of selling. Source| X According to Kiyosaki, the price of Bitcoin in the short term is not as important as holding the asset in the long run. He remains optimistic about Bitcoin settling at $250,000 in 2025. – Advertisement – Macroeconomic Factors Tighten Liquidity for Bitcoin Bitcoin’s performance has also been impacted by macroeconomic factors, including the U.S. Federal Reserve monetary policy. The recent data indicates that investors anticipate a slower pace of future rate cuts, which reduces market liquidity and supports the dollar. Source| X Investor appetite for high-risk assets, such as Bitcoin, can be reduced when the dollar is stronger. The CME FedWatch tool has hit down the expectation rate for a Dec. cut by 67% to 61%. This change is associated with the potential for a more restrictive monetary policy affecting the sentiment of risk in financial markets. Such macroeconomic factors can be seen in Bitcoin’s failure to rise above $100,000. – Advertisement – Other events this week, such as average weekly hours worked in manufacturing and non-farm payroll data, may also put pressure on policy rates. Additionally, speeches from Federal Reserve officials, including Chair Jerome Powell, can shed light on inflation and rate policy. Resistance at $100,000 Attributed to Profit-Taking There is a…
Filed under: News - @ December 3, 2024 9:26 pm