The approximate return on investment of Bitcoin (BTC) if purchased at the time of launch (or at the earliest known price) was around 7,615.27% on Monday.
Kiyosaki has always been supporting Bitcoin. In August, he urged Twitter followers to buy the crypto before a “major banking crisis”. Now, while Bitcoin is gaining strength as a long-term investment, Kiyosaki calls the public to buy it again.
Bitcoin for the first time since the early September crash, is showing signs of its comeback.
NZD/USD was able to gain 0.44% today up to the time of writing this article after a compact loss of 0.30% yesterday.
The investors who pump money buying stocks are beginning to see Bitcoin not just as a way to hedge their funds, but as a viable option to grow their funds over time.
Major stock indexes including the Dow Jones Industrial Average gained 215.61 points, or 0.8%, to close at 28,645.66. The S&P 500 climbed 0.8% to 3,526.65 and the Nasdaq Composite advanced 1.4% to 11,939.67. Both the S&P 500 and Nasdaq hit all-time highs.
Tyler Winklevoss believes Bitcoin price is headed to $500,000 in the long term if the digital asset continues on the current path.
Cryptocurrency market is showing recovery after a divergence last week, commodities follow the lead, hence Bitcoin was able to gain 1.1%, Ethereum 3.56% and Ripple recovered 2.0% in price.
Yesterday, Bitcoin lost 4.4%, but bulls were striving to help it close above $12,000. And Bitcoin did, closing at $12,108. Before this correction, Bitcoin saw a 6-day run in which it gained 11.93%. However, the pullback allowed for a retest of the $11,500 level.
Goldman Sachs strategists have set a new price target for the S&P 500. Up by 20% from its earlier target, the revised target is pegged at 3,600.
The latest commodity trading prices for oil, natural gas, gold, silver, wheat, corn and more on the U.S. commodities & futures market.