Bitcoin, the leading cryptocurrency, has resumed its upward trajectory, reaching a new all-time high of over $119,400 after a brief two-day pause. This price surge comes in the wake of hints from Strategy’s ex-CEO and the celebrated author of ‘Rich Dad, Poor Dad’ about their plans to further invest in Bitcoin.
The all-time high was achieved when Bitcoin leaped to the said amount of $119,400, bouncing back from $117,000 yesterday. This sudden increase appears somewhat striking, especially considering the current macroeconomic scenario. Just yesterday, the US introduced a fresh series of 30% tariffs against the EU and Mexico, which typically triggers price drops rather than all-time highs.
Despite these economic pressures, Bitcoin seems to be thriving, unswayed by the global policies. The cryptocurrency has gained over $11,000 since Wednesday when it was valued at a steady $108,000. Over the past few days, the digital asset has repeatedly broken into unexplored territories, hitting a nearly $119,000 high on Friday.
Earlier today, Michael Saylor, the co-founder of Strategy and a staunch Bitcoin advocate, hinted at a recent purchase. Strategy typically announces its Bitcoin purchases every Monday since the US elections, so stay tuned for updates tomorrow.
Robert Kiyosaki, the renowned author of ‘Rich Dad, Poor Dad’, has also been encouraging people to explore Bitcoin as a potential route to wealth. He expressed his plans to buy another Bitcoin while lauding the asset’s performance at over $117,000. Kiyosaki has been a vocal supporter of Bitcoin for several years, often advising people to invest more in the cryptocurrency.
