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Economic Times
a day ago
- 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.
Economic Times
6 days ago
- Business
- Economic Times
Stock rally sparks bold words from trading legend — his unexpected take is going viral
The stock market has been on a hot streak since the beginning of April, reaching record highs and leaving many amazed by its rise, as per a report. But even though Wall Street celebrates and indexes reach new heights, one seasoned trader is sounding a note of caution, and his message is quickly catching on social Minervini, trading legend with his sharp technical acumen and high profits, is sounding the alarm that while the market has recorded fantastic gains, but he has noticed some trouble under the hood that could give active investors pause, as reported by The Street. Since April 9, the S&P 500 has risen over 25%, and the Nasdaq Composite has jumped 35%, both reaching new record highs, reported The Street. The trigger was US president Donald Trump's surprise suspension of retaliatory tariffs he announced on April 2—"Liberation Day", which led some traders to feel that the threat of all-out trade war was over and rekindled investor confidence, according to the most traders, the rally's pace and size were a shock, particularly following the S&P 500's fall of 19% between February and April's low, priced in enough risk to set the stage for persistent gains, as reported by The Street. Bears argued that lofty valuations and a sputtering economy put stocks at risk of a reckoning, wrote The Street in its report. ALSO READ: No Reddit, no visa? Indian's US entry blocked after failing to share account details Amidst the market euphoria, Minervini shared a candid analysis on social media X (formerly Twitter) that has now gone viral among market observers and traders, according to the report. He uses price action to make decisions about his buy and sell, as reported by The Street. Even though the rally since April has been rewarding, he has noticed some trouble under the hood that could give active investors pause, as reported by The wrote on X that, "If you are a breakout trader using tight stops — even though the indexes have ripped higher — you have likely experienced a low batting average," as quoted in the who was featured in the 'Market Wizards' book series and has won the US Investing Championship twice (including a record 334.8% return in 2021), is known for a strict, rules-based trading style that emphasises buying strong stocks as they break out, according to the report. ALSO READ: Tomorrowland fire shock: Main stage engulfed in flames days before start of massive festival - what we know He pointed out that, "The frequent occurrence of squats and outright failures continues to dominate as a theme around breakout levels, clearly signaling that conditions remain challenging and volatile around key risk levels," as quoted in the report. Minervini explained that, "These failed breakouts reveal persistent overhead supply and insufficient follow-through from institutional buyers, underscoring a risk off market with regard to broad-based participation," as quoted by The Street trader revealed that, "I remain an active participant and careful observer, adjusting day by day and ensuring risk management remains my top priority," and added that, "As far as breakout stocks are concerned, this is NOT yet an Easy Dollar environment. For the most part, we are still fighting for pennies," as quoted in the comments come as unemployment, though still low at 4.1%, has risen from 3.4% in 2023, layoffs have risen 80% year to date through May, and inflation, though better from its peak in 2022, remains sticky with core PCE inflation still at 2.7%, which is where it was in January, according to The Street report. Why is Minervini cautious despite the rally?He sees a lack of broad participation and failed breakouts, signaling institutional hesitancy and high volatility. What economic signals should I watch? Keep an eye on unemployment, inflation (especially core PCE), and the Fed's rate decisions.
Time of India
28-05-2025
- Business
- Time of India
Where is Bitcoin headed? Legendary investors weigh in, and traders should take note
Bitcoin may surge to $150,000 by August, says analyst Peter Brandt. Bitcoin hit a new high recently. It reached $111,970.17 on May 22. Another expert, Fred Krueger, forecasts even higher prices. He expects Bitcoin to reach $600,000 in October. Market observers are keenly watching these predictions. Tired of too many ads? Remove Ads Big Gains Needed to Meet Target Peter Brandt's Call Comes After Bitcoin's ATH Tired of too many ads? Remove Ads Fred Krueger Is Even More Bullish FAQs Bitcoin could be on track to reach somewhere between $125,000 and $150,000 by the end of August, as per the analysis by legendary trader Peter Brandt, who is known for accurately projecting past moves in the S&P 500, according to a to meet Brandt's projection, Bitcoin would need to gain over $13,000 each month until August, as per The Street report. While the veteran trader also signalled that his prediction leans toward the speculative side, as he mentioned, "On track maybe for top of $125,000 to $150,000 by end of August????", emphasising, "Hey trolls, note the ?????", in his technical analysis post on social media platform X, according to the technical analysis of the Bitcoin price chart on X was posted on May 21, which was the day Bitcoin reached its new all-time high (ATH) of $109,487.23, reported The wrote on his X post, "I think it is wonderful Bitcoin is making ATHs. I am long. I actually think ATHs is not technically significant," adding, "Bull markets make ATHs all the time. It is the definition of a bull market," as quoted in the record high price of BTC is $111,970.17, which it reached on May 22, while Bitcoin reached its previous all time high of $109,241 on January 20, before US president Donald Trump's presidential inauguration, as per The READ: Frustrated with Trump's U.S. policy, Greenland rethinks investment alliances and considers China as an alternative According to The Street, Wall Street veteran and mathematician Fred Krueger is even more bullish on Bitcoin, as he projects BTC to reach $600,000 in says they're normal in bull markets and not technically significant, though still a sign of strength.$111,970.17, reached on May 22, as per The Street.
