Robert Kiyosaki Anticipates Possible Bitcoin Dip Below $90,000 Amid Metaplanet’s Large BTC Purchase
Main Idea
Robert Kiyosaki anticipates Bitcoin could drop below $90,000 in August, viewing it as a buying opportunity, while Japanese firm Metaplanet increases its Bitcoin holdings significantly.
Key Points
1. Bitcoin recently experienced a 5.26% drop to $112,250 but has since recovered slightly to $114,492.
2. Robert Kiyosaki plans to double his Bitcoin holdings if the price drops below $90,000, seeing it as a beneficial opportunity for investors.
3. Metaplanet purchased 463 BTC, increasing its total holdings to 17,595 BTC worth nearly $1.8 billion, achieving a 459.2% year-to-date yield.
4. Kiyosaki attributes Bitcoin's market volatility to the US national debt exceeding $30 trillion and aggressive money printing by the Federal Reserve.
5. Metaplanet is now the fifth-largest institutional Bitcoin holder globally, with Strategy being the top company by Bitcoin holdings.
Description
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