From Investing.com: 2024-07-08 16:00:20

Bitcoin’s price plunged over 5% to $54,800 before recovering to $56,400, causing liquidations worth $416.64 million. $206.49 million were long positions, while $210.15 million were bearish, reflecting the market’s unpredictability.

Robert Kiyosaki, known for “Rich Dad Poor Dad,” emphasized viewing money as a tool for financial freedom, not an end goal. He advises maintaining a long-term vision and resilience amid market volatility, highlighting the importance of strategic investing.

Kiyosaki’s insights serve as a reminder of the risks and rewards in the crypto market. Traders must exercise caution and recognize price volatility as a characteristic of the market, not a flaw. His bullish forecast predicts Bitcoin hitting $120,000 by 2024 and potentially reaching $500,000 next year.

Read more at Investing.com: ‘Rich Dad Poor Dad’ Author Kiyosaki Reveals Crucial Insight as Bitcoin Turns Red By U.Today