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Showing posts with the label inflation

‘Rich Dad’ Robert Kiyosaki explains his big bet on Bitcoin

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The prominent investor and popular author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has been known to favor a set of assets over most other investments.  Though three – gold, silver, and Bitcoin (BTC) – are generally the most mentioned, Kiyosaki is likewise generally engaged with Solana (SOL), wagyu cattle, and real estate. In an X post made late on October 30, the author took the time to offer a simple explanation as to why he likes – or, as he put it, loves – one of them: the world’s premier cryptocurrency, Bitcoin. Picks for you Bybit’s trading platform in Kazakhstan launches with full AFSA approval  12 mins ago Binance uses Amazon’s AI solutions to elevate its user exper...

Americans Are Massively Buying Gold Bars at Costco

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Gold fever is no longer limited to China and India, as Americans are buying the precious metal at the supermarket Costco. The accumulation spree was so massive that stocks of gold bars at Costco shelves remain sold out at the moment. Retail investors and regular shoppers are adding the precious metal to their carts as they see it as a safe investment. Also Read: The ‘Everything Crash’: Analyst Predicts Bitcoin To Collapse to $5,000 A recent report from Bloomberg shows that 77% of Costco stores offering gold bars sold out in early October. 46 US States sold out the bars this month and went off the shelves within a week of their placement. Easy Access To Buy Gold Bars At Costco Makes Americans Invest in the Precious Metal Source: Travel + Leisure The accumulation spree comes after China and India purchased thousands of tons of gold in two years. Americans are not holding back and are grabbing the gold bars, as Costco made them available at its stores. Also Read: North American Countries ...

Robert F. Kennedy Jr. blasts inflation as ‘government theft’

United States Independent presidential candidate Robert F. Kennedy Jr. has blasted the government for allegedly profiting from inflation while highlighting the role cryptocurrencies can play in the Treasury. Speaking during a roundtable session on July 25 at the 2024 Bitcoin Conference, Kennedy labeled inflation as “government theft,” which mainly impacts the middle class. The politician argued that adopting Bitcoin (BTC) offers an escape from the current inflation ary environment, which he described as a “highway to hell.” He praised Bitcoin’s decentralized nature as a model for restoring democracy and personal freedom. Picks for you Blockchain Outsource/MSMES Clinic launch: Nigeria set to lead global economy and technology with Gluwa 32 mins ago ...

CPI meets low BTC supply — 5 things to know in Bitcoin this week

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Bitcoin is proving everything is bullish but BTC price action this week, with network fundamentals and accumulation data in “up only” mode. Bitcoin (BTC) begins a new week barely clinging to $30,000 as a “bearish divergence” sets the tone. After a quiet weekend, BTC price action faces a potential pullback period within its broader bullish trend, traders say. What could be on the menu for the market this week? After a relative period of calm, external triggers are back for risk assets, with a slew of United States macroeconomic data releases combined with multiple speeches from Federal Reserve officials. Add to that some interesting dynamics around U.S. BTC buying now in play, and the recipe for volatility is there. Cointelegraph looks at these factors and more in the weekly rundown of what might move markets in the coming days. Limp $30,000 support gets traders hungry for BTC price dip Bitcoin may have closed the week at just over $30,000, confirmed by data from Cointelegraph Markets ...