Mediaboss Marketing

The author of the best-selling personal finance series Rich Dad Poor Dad thinks that Bitcoin (BTC) is just a few months away from hitting a six-figure price tag.

Robert Kiyosaki tells his 2.5 million followers on the social media platform X that hed rather put his faith in hard assets like Bitcoin than blindly follow the Federal Reserve.

Rather than trust the Fed, I prefer to trust gold, silver, and Bitcoin.

Kiyosaki appears to be concerned about the demand for US Treasuries. The Rich Dad Poor Dad author mentions a question raised by Andy Schectman, the president of precious metals investment firm Miles Franklin, on who would be willing to accumulate US bonds considering that the national debt has skyrocketed to a record high of $34.266 trillion.

Andy Schectman asks a very important question: Who is going to buy US bonds?

Banks are buying gold, not US debt. How will America run without money? How will the world operate with money? What will you do without money? Gold is going to crash possibly below $1,200. Silver will take off as will Bitcoin. Take care. Be careful.

Believing that BTC will witness a move to the upside, Kiyosaki shares his target price for the crypto king along with a concrete timeline.

BITCOIN to $100,000 by June 2024.

At time of writing, Bitcoin is trading at $51,748, a slight decrease in the last 24 hours.

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: DALLE3

More:

Rich Dad Poor Dad Author Sees Bitcoin Hitting $100,000 in a Few Months, Says He Prefers To Trust BTC Over Fed - The Daily Hodl

Bitcoin mining difficulty, which measures how difficult it is to solve the complex cryptographic puzzles used in the mining process, passed 80 trillion on Friday, Feb. 16.

The networks hash rate, which measures the total computational power used by miners, reached 562.81 exahashes per second (EH/s), and the mining difficulty hit a record 81.73 trillion, according to BTC.com. Bitcoin (BTC) mining difficulty has steadily risen since January 2023 and is expected to reach 100 trillion in the next few months.

In Bitcoins proof-of-work consensus mechanism, a higher difficulty means miners require more computational power and energy to find the correct hash. In the last year, Bitcoins difficulty level has more than doubled.

At its automated readjustment on Feb. 15, Bitcoin mining difficulty was due to increase by an estimated 6%. According to data from monitoring resource BTC.com, if it comes to pass, it will take the difficulty to new all-time highs above 80 trillion for the first time.

Bitcoin stuck to $52,000 at the Feb. 16 Wall Street open as the latest United States macro data exceeded expectations. Data from Cointelegraph Markets Pro and TradingView showed stagnant BTC price action into the weeks last TradFi trading session.

Related: Bitcoin's market structure beneficial to price post-halving

Bitcoins mining rewards will be cut in half in April in whats known as the Bitcoin Halving. To fight inflation, Bitcoins programmers baked the reduction into the tokens structure roughly every four years. The last time Bitcoins mining reward halved was in May 2020.

Bitcoins rewards will decrease from 6.25 BTC to 3.125 BTC during the upcoming halving. This change might result in a lower hash rate, as less efficient miners could find it challenging to cover their costs and take their mining rigs offline. A reduced hash rate is likely to cause a decrease in Bitcoin mining difficulty as the network aims to keep a steady block production every 10 minutes.

According to Galaxy Digital analysts, as much as20% of Bitcoins current hash rate could go offline after the Bitcoin halving and leave only the most efficient mining rigs standing.

Magazine: Nic Carter vs the Bitcoin Maxis, no regrets about losing $10M DOGE

See more here:

Bitcoin mining difficulty surpasses 80 trillion ahead of halving - Cointelegraph

For investors, turning bullish on Bitcoin is tempting, especially after a 91% rally to $52,000 in just four months ending on Feb. 15. Bitcoins current $1 trillion valuation places it among the worlds top 10 tradable assets and even ahead of the Warren Buffets world-famous Berkshire Hathaway,which has an $875 billion market capitalization.

The additional 34.5% gains needed for Bitcoin to reach $70,000 from the current $52,000 level represent a $350 billion increase in BTCs capitalization. This move would rank the cryptocurrency ahead of silver and the United Kingdoms pound, including bank deposits and currency bills. The key question is whether the current conditions support Bitcoins $1.35 trillion valuation.

One could argue that Bitcoin already cleared those hurdles in November 2021 when it hit its $69,000 all-time high. Repeating that feat seems more likely now, given the approval of spot Bitcoin ETFs in the United States and the resolution of some risks, such as Binances court battle with regulators and FTX exchange bankruptcy procedures.

Traditional finance fixed-income yields were below 0.50% in November 2021, which caused investors to seek risk-on assets for higher yields. U.S. inflation, measured by the Consumer Price Index (CPI), also spiked to 6.8% year-over-year in November 2021, the highest since June 1982. Conditions then strongly favored scarce assets while stock market investors feared global supply chain disruptions and COVID-19 impacted economic activity.

The latest CPI inflation data for January 2024 shows a 3.1% increase year-over-year, which remains above the U.S. Federal Reserve guidance but is moderately contained. It may be naive to assume current inflation presents a risk comparable to when Bitcoin reached its all-time high. Data shows investors expect a 10.9% earnings growth for S&P 500 companies, up from 3.8% in 2023. Hence, investors have little incentive to seek alternative assets compared to late 2021.

Related:MicroStrategy listing in the S&P 500 index could expose millions to Bitcoin

Since launching on Jan. 11, the spot Bitcoin ETF industry gathered an impressive $4 billion net inflows in the U.S., surpassing $35 billion in assets, or 3.5% of Bitcoins market capitalization. In comparison, the collective holding of gold ETFsamounts to $210 billion, equivalent to 3% of its market capitalization if excluding the ~50% used in jewelry and medals. This doesnt imply Bitcoins ETF is nearing a limit but provides a rough indication that the asset class is more mature than in November 2021.

A significant selling point for Bitcoin is the institutional inflow that occurred. Yet, its price remains 25% below the $69,000 all-time high, or even lower when adjusted for inflation or the aggregate fiat money supply.

Bitcoins adoption has increased, but the bullish estimates of a $100,000 or higher price havent materialized. On the bright side, a $3 trillion market capitalization company was a distant dream in November 2021, but it became a reality for Microsoft and Apple. So, as long as the dollar continues to deteriorate, theres hope for Bitcoin to surge above $70,000, but its unlikely to happen ahead of the halving in April.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Read the original post:

Bitcoin price unlikely to hit all-time high before the halving Here's why - Cointelegraph

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Investors from BCH and ETH are eyeing DeeStream (DST) at $0.035 as the next big investment.

Bitcoin Cash and Ethereum are among some of the coins making waves in the market. Investors looking to reinvest the gains from these projects are highlighting the new streaming coin, DeeStream (DST), which is selling for just $0.035.

Bitcoin Cash price has risen by 14% in the last 30 days as it continues its impressive start to the year. The coin is selling at $268.77. Investors are hopeful the Bitcoin Cash price could rise above $300 soon.

Ethereum is the second-largest cryptocurrency by market capitalization. Ethereum is currently trading at $2,917, representing a 10.66% rise last week and an 18% increase last month. The price is driving towards $3,000, and with the smart contracts on the ETH 2.0 beacon chain experiencing an increase in staking deposits, it has the potential to drive the price even higher.

Investors seeking to reinvest the gains from this project would find DeeStream to be a good option.

DeeStream introduces the first decentralized streaming platform, aiming to address the challenges content creators face with centralized platforms like YouTube and Twitch. These traditional platforms have faced criticism for their policies on user bans and demonetization.

Withdrawals also take a long time, and transaction fees for these platforms are usually higher than necessary. With DeeStream, content creators no longer need to worry about these problems. The platform also offers instant deposits, withdrawals, and the industrys lowest transaction fees.

Users on the platform can also earn by completing specific tasks and hitting significant milestones. They can also swap various cryptocurrencies on the platform at 0% commission.

DeeStream is attracting many investors from projects like Bitcoin Cash and Ethereum because of its revenue-sharing model. All presale investors will receive a 50:50 split with DeeStream if they hold on to their tokens. At a giveaway price of $0.035, anybody can get a DST token, making it a cheaper yet more rewarding alternative to Bitcoin Cash and Ethereum.

There are 300 million DST tokens, which are selling out fast. We believe DeeStream (DST) has the potential to do excellently in the cryptocurrency market, and now is a good time to get into the project for the best returns.

Find out more about the DeeStream presale by visiting the website here.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Continued here:

Bitcoin Cash profits shift to Deestream presale as Ethereum investors sell at peak - crypto.news

Bitcoins (BTC-USD) price has been on an absolute tear lately as we approach the much-anticipated halving in April. The flagship cryptocurrency is up more than 114% over the past year, recently hitting 24-month highs. With the Securities and Exchange Commission approving several spot Bitcoin ETFs and more institutional money flowing into this asset class, it seems Bitcoins rally may just be starting.

Bitcoins built-in scarcity makes it an intriguing potential store of value, almost like digital gold for the digital age. The upcoming halving cuts the Bitcoin miners block rewards in half (and thus the tokens incoming supply). This could create a supply shock that sends Bitcoin stratospheric.

While Bitcoin garners much of the attention in this space, and rightfully so, savvy crypto investors know smaller altcoins can deliver truly outsized returns during bull runs. The last major run-up in late 2020 saw many altcoins deliver returns well over 1,000%!

Of course, with bigger potential rewards comes bigger risks. Altcoins remain extremely volatile and highly-speculative assets. I only recommend investing money you can afford to lose. Still, for those with some risk tolerance, Ive compiled three altcoins I believe are undervalued heading into the upcoming halving.

Source: Maurice NORBERT / Shutterstock.com

At first glance, SwissCheese (SWCH-USD) may look like another meme coin thanks to its quirky name. But dont let that fool you. This project has real substance and utility that could make it one of the most sought-after cryptos once word spreads.

SwissCheese aims to democratize trading and investing by enabling fractional ownership of stocks through tokenized representations on its decentralized platform. Users can access these fractional stocks through any digital token, cryptocurrency, or the native SWCH token. Each tokenized asset essentially represents a slice of an underlying stock.

This concept blows open stock market investing for those currently blocked by borders, regulations, or lacking payment options. Crypto knows no borders, so accessing U.S. stocks becomes far easier from abroad using SwissCheeses platform. Decentralization also brings privacy benefits, which will appeal to many crypto enthusiasts.

As I write this, SwissCheeses market capitalization sits at just $6.4 million. That said, the projects total addressable market here could be enormous, given the platforms global appeal and ability to tap into crypto hype. If SwissCheese gains even modest traction, its tiny valuation today could translate into 10x or 20x returns (or higher) ahead. That asymmetric risk-reward looks compelling to me.

Source: Marko Aliaksandr/ShutterStock.com

Alephium (ALPH-USD) has been skyrocketing lately, joining the ranks of red-hot layer 1 blockchain projects. It competes directly against names like Kaspa (KAS-USD), Sei (SEI-USD), and others, but still sports a reasonable $190 million market cap at the time of writing.

This sharded blockchain platform focuses on delivering scalability, security, and energy efficiency to power the next generation of Web3 and decentralized applications.

From a tech perspective, Alephium uses a UTXO model and a unique Proof-of-Less-Work consensus that improves on Bitcoins pioneering protocol. It also boasts a custom virtual machine and tooling to support developers building on Alephium.

Over the past year, weve witnessed immense speculation and interest around ambitious layer 1 chains. Just look at Kaspas parabolic rally.

Alephium offers a similar value proposition yet trades at a fraction of its competitors valuations. Given the massive room for additional upside, I wouldnt be surprised if ALPH enters the ranks of 10-figure market cap cryptos.

Layer 1 protocols like Alephium offer ideal asymmetric upside for investors with a higher risk tolerance. Current prices seem inexpensive if Alephium can indeed evolve into a premium smart contract blockchain.

Source: Shutterstock

At the intersection of two red-hot trends AI and crypto sits PAAL AI (PAAL-USD). This chatbot project uses artificial intelligence and machine learning and integrates these technologies within its network.

PAAL AI also incentivizes its community by rewarding users with native tokens. PAAL tokens play governance and staking roles or can unlock premium features.

Weve witnessed the explosion of interest and adoption around AI chat tools like ChatGPT in recent months. I believe its only a matter of time before blockchain-based AI projects like PAAL also grab investor attention. Thats especially true given the synergy with cryptos emphasis on computing power, decentralized networks, and community reward systems.

Consider Render Network (RNDR-USD), which allows users to monetize or access GPU power to run intensive computing tasks. Or proof-of-work chains that rely on miners contributing hardware for security and rewards. As blockchain platforms grow more advanced, I suspect well see far more collaboration and interplay with AI as well.

PAALs current market price suggests this token may be relatively inexpensive, if we continue to see surging interest in both AI and crypto. With the recent breakout to new highs and a current market capitalization of $176 million, PAAL AI offers sizable upside potential if adoption scales up in 2024 and beyond.

On Low-Capitalization and Low-Volume Cryptocurrencies:InvestorPlace does not regularly publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. Thats because these penny cryptos are frequently the playground for scam artists and market manipulators. When we do publish commentary on a low-volume crypto that may be affected by our commentary, we ask thatInvestorPlace.coms writers disclose this fact and warn readers of the risks. Read More:How to Avoid Popular Cryptocurrency Scams

On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.

See original here:

Bitcoin Halving Moves: 3 Altcoins to Buy Before They Become Moonshots - InvestorPlace