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Robert Kiyosaki, author of the financial literacy books Rich Dad Poor Dad, is too Buy more Bitcoin after the cryptocurrency crossed the $100,000 barrier.
Earlier this month, he said anticipation That the cryptocurrency could rise to $350,000 this year.
Return of Bitcoin
Earlier today, Bitcoin reached an intraday high of $102,514 on the Bitstamp exchange.
This is the highest level the cryptocurrency has reached since December 19.
Bitcoin is now up more than 12% since falling to a local low of $91,315 on December 30.
According to cryptocurrency analytics platform Lookonchain, a whale turned a profit of over $4 million into a loss of $3.75 million after failing to close its position before Bitcoin's recent correction.
However, after the recent rise in Bitcoin prices, the whale in question managed to make an unrealized profit of $505,000.
Buy more ETFs
The surprise rebound comes after Bitcoin exchange-traded funds (ETFs) recorded inflows worth more than $900 million on Monday, recovering from a recent string of outflows.
Glassnode Analysts He argues The sale was driven by seasonal factors. Now, they expect more buying activity from traditional investors.
US buyers return to work
according to Cryptoquant dataBitcoin's rise appears to be mainly driven by spot buying in the market
Notably, the Coinbase Premium indicator crossed the 14-day simple moving average (SMA) for the first time in 26 days three days ago. As the company notes, a similar move saw Bitcoin rise from $69,000 to $108,000 in the fourth quarter of the year.
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