Latest news with #BITCOIN
Economic Times
21-07-2025
- Business
- Economic Times
Bitcoin hits $121,000 - Rich Dad Poor Dad author Robert Kiyosaki urges newcomers: Reflect before it's too late
Bitcoin achieved a new record high of $121,000. Robert Kiyosaki, the author of 'Rich Dad Poor Dad', shared his insights. He advised new investors to start small with crypto investments. Kiyosaki also mentioned his recent Bitcoin purchase. He is waiting for economic clarity before further investments. He cautioned against greed. Tired of too many ads? Remove Ads What does Bitcoin's latest price surge mean for investors? Is Robert Kiyosaki still buying Bitcoin? Tired of too many ads? Remove Ads What advice is Kiyosaki offering new crypto investors? Is this a warning or an opportunity? FAQs Bitcoin broke through $121,000 on July 14, a new all-time high, which led personal finance writer Robert Kiyosaki to highlight that it's great news for Bitcoin investors but also a wake-up call for those who do not own the cryptocurrency yet, as per a author of the best-selling book 'Rich Dad Poor Dad,' took to post on social media X with a message not only for crypto veterans but also for those who are still sitting on the sidelines, his tone was triumphant but also warning, according to The wrote in an X post that, "Great news for those who already have some Bitcoin. Bad news for who… for whatever reason… never 'pulled the trigger'. They own nothing. As warned in previous X…Pigs get fat…. Hogs get slaughtered," as quoted in the READ: Air taxi revolution? Joby Aviation doubles output, investors react fast, stock skyrockets 7% Even though he disclosed he had just bought another Bitcoin, Kiyosaki indicated that he is waiting on more purchases as the direction of the overall economy becomes more apparent, as reported by The cautioned against being greedy but urged newcomers to get into crypto, even with just a small percentage of a coin, according to the report. He warned that, "As tempting as Bitcoin going to $200k to $1 Million is….I do want to be a HOG and get slaughtered….If you have not begun acquiring BITCOIN….I suggest starting very small… starting with a Satoshi," as quoted by The Street in its report. Satoshi refers to the smallest denomination of Bitcoin, as per the also went on to speculate on the actions of billionaire investor Warren Buffett, observing that Buffett's $350 billion pile means that he has been waiting for a crash to pick up some quality assets, as reported by The READ: Nio crashes 21% in 2025 — what's dragging down the EV darling? Here's what you need to know The author ended his social media post with a harsh warning but also with a glimmer of hope, saying, "Millions are about to become poorer," but he also offered hope, saying those who are smart, patient, and alert could emerge much richer, as reported by The even previously, Kiyosaki has warned that if Bitcoin ultimately rises to $1 million per coin, many people will regret never having bought at the current price, and if all they could have purchased was a single satoshi, the feeling would be the same: "You will be saying, 'I wish I had bought more,'" as quoteed in the according to Kiyosaki. He suggests it's not too late, and recommends starting with a very small amount, even just a worried about being greedy during volatile times and is waiting for more clarity in the economy before buying more, as per The Street report.
Yahoo
14-07-2025
- Business
- Yahoo
‘Rich Dad Poor Dad' author warns Bitcoin buyers as price tops $120K
'Rich Dad Poor Dad' author warns Bitcoin buyers as price tops $120K originally appeared on TheStreet. Rich Dad Poor Dad author Robert Kiyosaki issued a cautious but hopeful statement on social media as Bitcoin's price (BTC) broke through the barrier and moved above $121,000 to a new all-time high. As the largest cryptocurrency reached a milestone on July 14, Kiyosaki positioned the rally as a time to reflect, specifically for those who have yet to enter the crypto market. "Great news for those who already have some Bitcoin. Bad news for who… for whatever reason… never 'pulled the trigger'. They own nothing. As warned in previous X…Pigs get fat…. Hogs get slaughtered," Kiyosaki wrote. While he's buying one more Bitcoin, Kiyosaki said he won't buy again until the economy's direction is clearer. But he admitted that he'd be tempted if he could take the $200K bet to $1 million. He wrote, "As tempting as Bitcoin going to $200k to $1 Million is….I do want to be a HOG and get slaughtered….If you have not begun acquiring BITCOIN….I suggest starting very small… starting with a Satoshi." Kiyosaki also mentioned Warren Buffett's $350 billion cash, conjecturing that he has been waiting for a crash to pick up some quality assets. As always, he finished with a blunt warning saying, "Millions are about to become poorer." But he also offered hope, saying those who are smart, patient, and alert could emerge much richer. Previously, Kiyosaki warned that if Bitcoin ultimately rises to $1 million per coin, many people will lament never having bought at today's price. If all they could have purchased was a single satoshi (which is the smallest unit of Bitcoin), Kiyosaki contended the feeling would be the same: "You will be saying, 'I wish I had bought more.'" 'Rich Dad Poor Dad' author warns Bitcoin buyers as price tops $120K first appeared on TheStreet on Jul 14, 2025 This story was originally reported by TheStreet on Jul 14, 2025, where it first appeared.
Scottish Sun
14-07-2025
- Business
- Scottish Sun
Bitcoin hits new record high – should you invest in crypto?
Plus, we outline the dangers to look out for if you're thinking of investing in cryptocurrency COINING IT Bitcoin hits new record high – should you invest in crypto? Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) BITCOIN has hit a new record high, with the world's largest cryptocurrency surpassing $120,000 (£89,000) for the first time. The digital currency climbed to over $122,000 (£90,438) on July 14, having doubled in value over the past year. Sign up for Scottish Sun newsletter Sign up 1 Bitcoin has reached a new record high, surpassing $120,000 for the first time Credit: Reuters Analysts say the surge is partly down to Donald Trump's strong support for cryptocurrency. The American President has called himself the "crypto president" and is currently trying to pass new laws that would regulate cryptocurrency in the US. This week has been dubbed 'Crypto Week' in America, with the US House of Representatives debating a series of bills to provide a regulatory framework for the $3.8trn market. Dan Coatsworth, investment analyst at AJ Bell said: 'Donald Trump has talked about making America the crypto capital of the world, and now the market is hoping those words become reality. 'The crypto's price movement implies that investors and traders are expecting something significant during Crypto Week, as bitcoin has now risen by nearly 10% in just five days." Meanwhile, some analysts are predicting the value of Bitcoin could climb even further. IG market analyst Tony Sycamore said: "It's been a very, very, strong move over the past six or seven days and it's hard to see where it stops now. It looks like it can easily have a look at the $125,000 level." What is cryptocurrency? Cryptocurrencies are digital assets created using blockchain technology, making them different from physical currencies such as the pound. Part of their appeal is that they are not controlled by governments or a central bank, such as the Bank of England. This means the currency can be used to transfer wealth outside of the traditional banking system, making it easier to cross borders and stay anonymous. Bitcoin is the world's first, largest and most valuable cryptocurrency, but its rise has helped other cryptocurrencies also grow in value, such as Ethereum. From January 2026, anyone holding crypto like Bitcoin, Ethereum, or Dogecoin must provide personal details to each crypto service provider they use. HMRC, which is introducing the rules to crack down on unpaid crypto profits tax, has warned that failure to comply could result in a £300 fine. Should you invest in crypto? If you're considering investing in Bitcoin or other cryptocurrencies, it's important to be aware that there are high risks involved. Donald Trump's power can drag US out of 'crypto winter' but he needs to show currency's not just for terrorists & drugs Investing is not a guaranteed way to make money, so make sure you know the risks and only invest in things you understand. Hargreaves Landsdown investment and markets analyst Susannah Streeter says a "historic shift" is happening for cryptocurrency thanks to President Trump's vast support and the regulation going through the US Congress this week. However, she warns that wide-spread adoption of regulation is "still a long way away". This lack of regulation means you won't have any protection if you decide to invest. For example, you won't be able to make a complain to the Financial Ombudsman Service if things go wrong. Streeter also warns that the market's unpredictable nature makes it a risky investment. "Bitcoin has a history of rapid surges in value, followed by sharp falls, and for speculators it's very difficult to time the market. "So, it's still worth treading very carefully in the crypto universe and only trade in Bitcoin or other coins and tokens with money you can afford to lose," she says. UK Crypto asset businesses must register with the Financial Conduct Authority - and you can check to see if they are on the Financial Services Register or if they are on a list of firms with temporary registration. The dangers of investing in crypto HERE are five key risks to keep in mind when investing in cryptocurrencies: Consumer protection: Many cryptocurrency investments promising high returns are not fully regulated, apart from anti-money laundering rules. This means you may have limited protection if things go wrong. Price volatility: Cryptocurrency prices can rise and fall dramatically, making it easy to lose money. It's also difficult to reliably determine their value. Product complexity: Crypto products and services can be complicated, which makes it hard to understand the risks. Plus, there's no guarantee you can convert your cryptocurrency back to cash—it depends on market demand and supply. Charges and fees: Crypto investments often come with high fees, which can eat into your returns. These fees are often higher than those for regulated investments. Marketing hype: Some firms exaggerate potential returns or downplay the risks involved. Be cautious of flashy promotions. It's essential to only invest in cryptocurrency if you fully understand how it works and the risks involved. Remember, there's no guarantee you can exchange it for real cash, and its value can change drastically in a short time. If something sounds too good to be true, it probably is. Always double-check with a trusted friend or advisor if you're unsure. Be wary of glowing websites or perfect reviews - fraudsters often create convincing scams. For tips on avoiding scams, check out our guide. Do you have a money problem that needs sorting? Get in touch by emailing money-sm@ Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
The Sun
14-07-2025
- Business
- The Sun
Bitcoin hits new record high – should you invest in crypto?
BITCOIN has hit a new record high, with the world's largest cryptocurrency surpassing $120,000 (£89,000) for the first time. The digital currency climbed to over $122,000 (£90,438) on July 14, having doubled in value over the past year. 1 Analysts say the surge is partly down to Donald Trump's strong support for cryptocurrency. The American President has called himself the "crypto president" and is currently trying to pass new laws that would regulate cryptocurrency in the US. This week has been dubbed 'Crypto Week' in America, with the US House of Representatives debating a series of bills to provide a regulatory framework for the $3.8trn market. Dan Coatsworth, investment analyst at AJ Bell said: ' Donald Trump has talked about making America the crypto capital of the world, and now the market is hoping those words become reality. 'The crypto's price movement implies that investors and traders are expecting something significant during Crypto Week, as bitcoin has now risen by nearly 10% in just five days." Meanwhile, some analysts are predicting the value of Bitcoin could climb even further. IG market analyst Tony Sycamore said: "It's been a very, very, strong move over the past six or seven days and it's hard to see where it stops now. It looks like it can easily have a look at the $125,000 level." What is cryptocurrency? Cryptocurrencies are digital assets created using blockchain technology, making them different from physical currencies such as the pound. Part of their appeal is that they are not controlled by governments or a central bank, such as the Bank of England. This means the currency can be used to transfer wealth outside of the traditional banking system, making it easier to cross borders and stay anonymous. Bitcoin is the world's first, largest and most valuable cryptocurrency, but its rise has helped other cryptocurrencies also grow in value, such as Ethereum. From January 2026, anyone holding crypto like Bitcoin, Ethereum, or Dogecoin must provide personal details to each crypto service provider they use. HMRC, which is introducing the rules to crack down on unpaid crypto profits tax, has warned that failure to comply could result in a £300 fine. Should you invest in crypto? If you're considering investing in Bitcoin or other cryptocurrencies, it's important to be aware that there are high risks involved. Donald Trump's power can drag US out of 'crypto winter' but he needs to show currency's not just for terrorists & drugs Investing is not a guaranteed way to make money, so make sure you know the risks and only invest in things you understand. Hargreaves Landsdown investment and markets analyst Susannah Streeter says a "historic shift" is happening for cryptocurrency thanks to President Trump's vast support and the regulation going through the US Congress this week. However, she warns that wide-spread adoption of regulation is "still a long way away". This lack of regulation means you won't have any protection if you decide to invest. For example, you won't be able to make a complain to the Financial Ombudsman Service if things go wrong. Streeter also warns that the market's unpredictable nature makes it a risky investment. "Bitcoin has a history of rapid surges in value, followed by sharp falls, and for speculators it's very difficult to time the market. "So, it's still worth treading very carefully in the crypto universe and only trade in Bitcoin or other coins and tokens with money you can afford to lose," she says. UK Crypto asset businesses must register with the Financial Conduct Authority - and you can check to see if they are on the Financial Services Register or if they are on a list of firms with temporary registration. The dangers of investing in crypto HERE are five key risks to keep in mind when investing in cryptocurrencies: Consumer protection: Many cryptocurrency investments promising high returns are not fully regulated, apart from anti-money laundering rules. This means you may have limited protection if things go wrong. Price volatility: Cryptocurrency prices can rise and fall dramatically, making it easy to lose money. It's also difficult to reliably determine their value. Product complexity: Crypto products and services can be complicated, which makes it hard to understand the risks. Plus, there's no guarantee you can convert your cryptocurrency back to cash—it depends on market demand and supply. Charges and fees: Crypto investments often come with high fees, which can eat into your returns. These fees are often higher than those for regulated investments. Marketing hype: Some firms exaggerate potential returns or downplay the risks involved. Be cautious of flashy promotions. It's essential to only invest in cryptocurrency if you fully understand how it works and the risks involved. Remember, there's no guarantee you can exchange it for real cash, and its value can change drastically in a short time. If something sounds too good to be true, it probably is. Always double-check with a trusted friend or advisor if you're unsure. Be wary of glowing websites or perfect reviews - fraudsters often create convincing scams. For tips on avoiding scams, check out our guide.
Gizmodo
01-07-2025
- Business
- Gizmodo
A Viral Question Is Puzzling Bitcoin Fans: Why Isn't the Price Rising?
A question is going viral on social media, reflecting the confusion shared by Bitcoin skeptics and believers alike. 'Can anyone explain to me why companies are buying billions of dollars of Bitcoin every week and the price is virtually unchanged over the last 6 months?' one user posted on X on June 27. 'Explain it to me like I'm 5.' Can anyone explain to me why companies are buying billions of dollars of bitcoin every week and the price is virtually unchanged over the last 6 months? Explain it to me like I'm 5. — ₿itcoin Cam (@btctmac) June 27, 2025The post quickly generated nearly two million views because it strikes at the heart of Bitcoin's strange new reality. The world's most famous cryptocurrency hit an all time high of $111,814 on May 22, according to data firm But since then, it has stagnated. It pulled back and is now trading around $106,000. Despite a wave of big money flowing in from companies like MicroStrategy, hedge funds, and even foreign governments, the price has barely moved. 🥁 The BITCOIN 100 List 👇 6/30/2025 ✅ 20 companies increased their Bitcoin treasury (+14,200 BTC)✅ The Top 100 companies HODL nearly 850,000 Bitcoin 👇 — HODL15Capital 🇺🇸 (@HODL15Capital) June 30, 2025With that kind of demand, you would expect prices to skyrocket. Strategy has acquired 4,980 BTC for ~$531.9 million at ~$106,801 per bitcoin and has achieved BTC Yield of 19.7% YTD 2025. As of 6/29/2025, we hodl 597,325 $BTC acquired for ~$42.40 billion at ~$70,982 per bitcoin. $MSTR $STRK $STRF $STRD — Michael Saylor (@saylor) June 30, 2025But they have not. Why? To understand what's happening, you have to understand what Bitcoin has become: digital gold. People primarily buy it to hold it for the long term, not to spend it. When large investors buy Bitcoin, they usually transfer it off exchanges and lock it away in secure 'cold storage' wallets. This creates a strange situation. A huge amount of Bitcoin is being purchased, but very little of it is being actively traded. While this reduces the available supply, it does not automatically push the price up unless a rush of new, speculative buyers enters the market. Right now, that rush has not come. For every motivated buyer, there seems to be an equally motivated seller. 'Somebody else is selling it,' says legendary financier Jim Chanos, famous for his winning bet against Enron. Somebody else is selling it. I explained it like you were two. It's also the explanation if you were a genius. — Clifford Asness (@CliffordAsness) June 27, 2025The explanation is simple supply and demand. 'It's because the sellers are just as motivated to sell at current prices as buyers are to buy,' explains Peter Schiff, chief economist & global strategist at and one of the most fervent critics of Bitcoin maximalists. The question was why hasn't all the buying caused the price of Bitcoin to go up. It's because the sellers are just as motivated to sell at current prices as buyers are to buy. — Peter Schiff (@PeterSchiff) June 27, 2025While Bitcoin has been stuck in place, stablecoins have become the real stars of the crypto world. A stablecoin is a type of cryptocurrency designed to hold a steady value, usually pegged one to one with the U.S. dollar. They are not meant to be a speculative investment. Instead, they are designed to be used. Think of them as the Venmo or PayPal of crypto, but usable anywhere in the world, 24/7, without needing a bank. And their usage is exploding, with transaction volumes now exceeding trillions of dollars annually across major stablecoins like USDC and USDT. With the recent passage of the 'Genius Act,' which provides a clear regulatory framework, both Main Street users and Wall Street banks are adopting stablecoins for everything from daily savings to international transfers, moving money faster than the traditional SWIFT system. This is giving crypto real world utility, and Bitcoin isn't really part of that story. Simple. It's a hedge. A long term bet against inflation and the devaluation of traditional currencies. For large corporations and even some governments, buying Bitcoin is like buying an insurance policy. It's a vault where you can stash a portion of your treasury in case of a global economic crisis. That vault isn't useful for buying groceries, but it might be a lifesaver down the road. This is why the price isn't flying despite the buying frenzy. The demand is defensive, not speculative. The market isn't treating Bitcoin like a high growth tech stock anymore. It's treating it like an insurance policy. Crypto is now splitting into two distinct worlds: One is a bunker. The other is the currency being used in the world outside. And right now, all the action is happening outside.
