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Crypto News Digest by U.Today
Valeria Blokhina
Take a closer look at what’s happening in the world of cryptocurrencies with U.Today’s news roundup!
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Here are the three main news presented by U.Today.
The author of “Rich Dad, Poor Dad” names the easiest way to become a millionaire
Robert Kiyosaki, American businessman and author of the bestselling financial book “Rich Dad Poor Dad”, he revealed the “easiest” way to become a millionaire in its recent X post. Kiyosaki wrote that he knows the difficulties of making millions as an entrepreneur, which is exactly why he is now saving Bitcoin. “Bitcoin does the hard work for me. This is why I love Bitcoin,” he wrote in the conclusion of his post. However, some followers of Kiyosaki pointed out that it is almost impossible for an ordinary person to become a millionaire with the help of Bitcoin due to the high price of the flagship cryptocurrency. At the time of writing, BTC is trading at $69,933, according to CoinMarketCap data.
Ripple presents an important initiative for Japan and South Korea
According to a recent Press release from Ripple, the company he threw the XRPL Japan and Korea Fund. This move is aimed at promoting innovation on the XRP Ledger “in the dynamic Japanese and Korean markets.” Ripple supported the initiative as part of its 1 billion XRP commitment through the XRPL Grants and XRPL Accelerator programs; as a reminder, the fintech giant committed the aforementioned sum to various XRPL projects in April 2022. Emi Yoshikawa, VP of Strategy & Operations at Ripple, wrote in his X post that the fund will result in tens of millions of dollars for corporate partnerships, investments and developer grants over time.
PlanB releases an epic year-end Bitcoin (BTC) price prediction
In a recent X postthe renowned crypto analyst PlanB He released a year-end prediction for the price of Bitcoin. The analyst’s Bitcoin scenario covers five years, from 2024 to 2028. The post reads: “My best guess for the 2024-2028 Bitcoin scenario: 2024 (EOY): $0.15 million, 2025: $0.8 million , 2026: $0.4 million, 2027: $0.3 million, 2028: $0.4 million.” PlanB used the S2F model to compare Bitcoin’s performance to previous cycles, highlighting that it aligns perfectly with the S2F^3 power law model. He admits that this prediction for the price of Bitcoin seems unlikely, but says that “800K would be in line with the best-fit historical data model, higher R2.” Several factors will determine whether PlanB’s positive price prediction for Bitcoin comes true, including investor sentiment around BTC and increased adoption by institutional traders across Bitcoin spot ETF products.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrency is the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.