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Bitcoin saw a significant rise in its value during 2024, crossing the $100,000 barrier for the first time since it began trading in 2009. In November 2024, Bitcoin set a new record high by rising to $99,099. In March 2024, it jumped to a new high above $72,000. This exceptional performance boosted Bitcoin's market value to $1.31 trillion, cementing its position as a force to be reckoned with in the world of finance.
The financier, Robert Kiyosaki, also known for his famous book “Rich Dad and DadAfter the US Securities and Exchange Commission finally gave the green light to launch exchange-traded funds that invest directly in Bitcoin. Robert Kiyosaki said in a tweet on Twitter that the United States must be prepared to face a big problem if the US Treasury, the Federal Reserve, and those holding doctoral degrees in these government institutions fail to save the economy. Kiyosaki wrote that if the US dollar collapses, the United States will likely slide into hyperinflation, noting that this is why he turned to buying Bitcoin, considering it a safe haven$BTC
Bitcoin saw a significant rise in its value during 2024, crossing the $100,000 barrier for the first time since it began trading in 2009. In November 2024, Bitcoin set a new record high by rising to $99,099. In March 2024, it jumped to a new high above $72,000. This exceptional performance boosted Bitcoin's market value to $1.31 trillion, cementing its position as a force to be reckoned with in the world of finance.
Bitcoin (BTC) has once again attracted the attention of the financial world in the exciting world of digital currencies. BTC is currently trading at $45,986 with significant market movements, reflecting a 1.20% decrease from last Friday. This latest volatility follows significant approvals of Bitcoin exchange-traded funds (ETFs), which have significantly contributed to increased trading activity and prices.At the same time, the US dollar is declining, although it has recovered from its lowest levels, largely affected by higher-than-expected inflation rates. This dynamic interplay between Bitcoin's rise on exchange-traded fund (ETF) approvals, US dollar volatility, and prevailing inflation fears paints a complex picture of Bitcoin's price trajectory.
The financier, Robert Kiyosaki, also known for his famous book “Rich Dad and DadAfter the US Securities and Exchange Commission finally gave the green light to launch exchange-traded funds that invest directly in Bitcoin. Robert Kiyosaki said in a tweet on Twitter that the United States must be prepared to face a big problem if the US Treasury, the Federal Reserve, and those holding doctoral degrees in these government institutions fail to save the economy. Kiyosaki wrote that if the US dollar collapses, the United States will likely slide into hyperinflation, noting that this is why he turned to buying Bitcoin, considering it a safe haven$BTC