My people! What's up, friends! I have some hot gossip from the crypto world that will leave you speechless. You know that Bitcoin is like that party cousin who is always present, but it seems that lately, things have gotten a bit... quiet? 🤫
It turns out that the volatility of the asset, meaning how much the price goes up and down, is at its lowest point since October 2023! 📉 And not only that, daily transactions on the Bitcoin network also dropped by 15% in June compared to May, reaching the lowest point since, guess when... October 2023 again! It's like Bitcoin has taken a vacation, you know what I mean? 🏖️
But be careful, because here comes the good part. While 'normal' people are paused with their transactions, the Wall Street sharks are devouring the cake! 🦈 Bitcoin investment funds (known as spot ETFs, for those in the know) are about to reach $50 billion in greenback inflows. Just imagine that amount! 🤑 In just two days last week, over a billion dollars flowed in. Right now, these ETFs have around $137.6 billion in Bitcoin, a historic record! 🚀
And it's not just them, the big companies listed on the stock market are also filling their pockets! In June, about 65,000 more Bitcoins were bought, which translates to around $7 billion. Serious business! This tells us that, although on the surface it seems like Bitcoin is calmer, beneath the surface, those with the big bucks are hoarding more and more. Glassnode, analysts who know about this, say that network dominance is shifting towards institutional investors and whales (that's what they call those who have a lot of Bitcoin), because high-value transactions are skyrocketing. 📈
Now, speaking of heavyweights, do you remember Robert Kiyosaki, the author of 'Rich Dad, Poor Dad'? That guy doesn't stay quiet. While some are worried that Bitcoin isn't breaking the resistance of $109,500 and could drop to $90,000, Kiyosaki came out swinging. 🥊 He says that those predicting drops just want to scare small investors into letting go of their Bitcoins. And he's not messing around, because he tweeted: 'Those 'CLICK BAIT' losers keep warning of a Bitcoin crash. They want to scare speculators. I hope Bitcoin crashes. I will just buy more. Be careful!'. Just as you hear it! 🎤
Kiyosaki remains firm in his prediction that Bitcoin could reach a million dollars by 2030. No big deal! And to top it off, he says that any drop in Bitcoin's price is a golden opportunity to buy. But be careful, because for this month of July, 'Uncle Kiyosaki' has his eye on silver (yes, the metal). He predicts that silver could triple and reach $105 by the end of the year. So, stay alert with silver too! 🪙
In summary, my people, Bitcoin is like in an active pause. The big moves are being made by institutional investors, buying like crazy through ETFs, while the average person seems to have slowed down. But according to Kiyosaki, this is just the beginning, and we must be prepared for what’s coming! Don’t rest on your laurels! 👀$BTC
