Bitcoin Boom on the Horizon!

Robert Kiyosaki and other analysts believe Bitcoin is on the verge of a major rally.

Author

Danielle du Toit
September 16, 2024

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  • Bitcoin Price Set to Explode According to Rich Dad Poor Dad Author

  • ETH Falls 6% Amid Trump Assassination Attempt, Looming Rate Cuts, ‘FUD’ Wave

  • SEC’s Aggressive Crypto Stance Resulted in $15 Billion Loss, Claims John Deaton

  • Circle Sees Stablecoins Becoming the Core of the Digital Economy

A number of other crypto analysts also believe Bitcoin may be on the verge of a major three-month rally.

  • Robert Kiyosaki predicts a major price surge in Bitcoin (BTC), driven by the Federal Reserve's expected interest rate cuts.

  • He believes that investors should focus on preparing for potential large gains rather than debating whether gold or Bitcoin is the better asset.

  • Some other analysts share this outlook, and suggest that Bitcoin may be on the verge of a three-month rally. Popular analyst Titan of Crypto even predicts a breakout above $92,000.

The price of Ethereum tumbled by almost 6% in the last 24 hours due to crypto market jitters.

  • A wave of "FUD" about ETH has swept over X with developers and analysts placing a lot of emphasis on the recent ETH price decline.

  • The ETH price slump coincides with a very busy week for the U.S. Federal Reserve, which is set to announce a rate cut on Wednesday, Sept. 18.

  • Additionally, former US President Donald Trump survived what mainstream media are calling a second assassination attempt on Sept. 15. Trump was unharmed, and a suspect who fled the scene was arrested.

John Deaton accused the SEC of causing serious financial harm to small investors through its regulatory approach to cryptocurrencies.

  • Attorney John Deaton claims the SEC's actions caused retail investors to lose over $15 billion. He also accused the agency of "gross overreach" that negatively impacts small investors.

  • Deaton's criticism aligns with growing scrutiny of the SEC's very aggressive regulatory approach toward the cryptocurrency industry.

  • Interestingly, a recent court filing shared by Coinbase’s Chief Legal Officer, Paul Grewal, the SEC acknowledged that it no longer considers cryptocurrencies themselves as securities.

Circle, the issuer of the USDC stablecoin, is highly optimistic that stablecoins will soon become mainstream.

  • Dante Disparte, chief strategy officer at Circle, is confident in the mainstream adoption of stablecoins due to the strong interest from internet payment firms and financial services companies.

  • According to Disparte, there is still a need for global regulatory harmonization to support the long-term success and stability of stablecoins in the financial ecosystem.

  • Despite Circle’s optimism, the company has faced criticism from on-chain investigator ZachXBT, who accused the company of prioritizing profits over the security of the crypto ecosystem.

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