‘Rich Dad' R. Kiyosaki lauds Bitcoin for ‘kicking the fake US dollar's butt'

One of the biggest and most vocal bulls for Bitcoin (BTC) and commodities like gold and silver, and one of the biggest and most vocal bears for other traditional investments and – even more notably – conventional money, has for years been Robert Kiyosaki, a prominent investor and author of the best-selling personal finance book “Rich Dad Poor Dad.”

Timeline of Bitcoin

As news of Coinbase's technical glitch spread, the crypto community on Twitter couldn't help but react with a mix of humor and speculation. While some saw the glitch as a frustrating setback, others viewed it as a potential indicator of positive market activity.

El Salvador's President Nayib Bukele recently took to Twitter to address critics of the country's adoption of Bitcoin as legal tender. In his statement, Bukele claimed that El Salvador would have realized a 40% profit had it decided to sell its Bitcoin holdings at the current market rate.

Edward Snowden, a whistleblower, shared a forecast on the social platform X, hinting at a major turn of events in the cryptocurrency sector in 2024. According to Snowden, a national government is expected to covertly enter the Bitcoin market by making significant purchases of the digital currency.

Morgan Stanley's Europe Opportunity Fund has taken a significant step by opening the possibility of investing in spot Bitcoin ETFs. A filing made on Tuesday with the regulatory authorities indicated that the fund might allocate a portion of its assets, not exceeding 25%, to spot Bitcoin ETFs.

With its price rising to $60,000 over the last day, February has turned out to be quite the bullish month for the Bitcoin price. According to data from Coinglass, this green month has seen the emergence of the second most profitable February in the history of Bitcoin.

Digital asset mining company Marathon Digital Holdings (NASDAQ:MARA) reported fourth-quarter financial results Wednesday after the market close. What Happened: Marathon Digital reported fourth-quarter revenue of $156.8 million, which was up 452% year-over-year.

The significant demand from spot bitcoin ETFs, which require 2,800 bitcoins daily, compared to the production of only 900 new bitcoins in the same period, is having a major impact on price.

Traders anticipate Bitcoin (BTC) will soar past its all-time high of $69,000 in March, fueled by euphoric sentiment and institutional buying demand. The impending halving event, scheduled for mid-April, ignites bullish enthusiasm among investors, historically associated with significant price rallies.

Binance Labs, the venture capital and innovation incubator of the global cryptocurrency titan Binance, has invested significantly in Babylon. This innovative Bitcoin staking protocol enables Bitcoin holders to leverage their assets on proof-of-stake (PoS) blockchains.

Former President Donald Trump said Bitcoin has "taken a life of its own" when asked whether the U.S. should embrace the cryptocurrency during a Fox News town hall event before the South Carolina Republican primary last week. “You probably have to do some regulation.