 ▲ Bitcoin (BTC) |
The price of cryptocurrency leader Bitcoin (BTC) is trading in the $61,000 range as of the 26th (Korean time). This is a drop of approximately 17% from the all-time high of $73,750.07 achieved on March 14th.
The Motley Fool, an American investment media outlet, said, “We recommend not being swayed by short-term noise and buying Bitcoin when it is $61,000.”
The media said, "There are three reasons to consider buying now. The first is that the cycle has peaked 12 to 18 months after the BTC halving. BTC may hit a new high as early as this fall. Second, BTC The fact that institutional interest is increasing through spot ETFs could have a positive impact on increasing both demand and BTC prices in the future. The BTC spot ETF has absorbed about $50 billion to date. Lastly, the supply of Bitcoin is 21 million, which makes Bitcoin one of the few major assets whose supply is limited while demand increases. “Because it is limited, according to traditional economic theory, the price of BTC will rise in the long term, so if you do not have BTC in your portfolio yet, now is the right time to buy.”
Meanwhile, Robert Kiyosaki, author of the best-selling economic book 'Rich Dad, Poor Dad', said through X on this day, "I am buying BTC every month."
He said, "I first bought BTC thanks to the recommendation of Raoul Pal, a famous macro investor and CEO of Real Vision. I initially bought 30 BTC at $6,000 each, but the current price is $60,000 each." He explained.
