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Cryptocurrency News Articles

Bitcoin Whales Transferred $361.5 Million Worth of BTC, Kiyosaki Predicted the Coin to Hit $350,000

Dec 31, 2024 at 04:01 am

The crypto community carefully watches the blockchain space for large transactions, which reflect the current whale activity. According to Whale Alert, a blockchain sleuth that tracks down large cryptocurrency transfers, earlier today, a massive amount of Bitcoin was transferred by cryptocurrency whales.

Bitcoin Whales Transferred $361.5 Million Worth of BTC, Kiyosaki Predicted the Coin to Hit $350,000

A massive amount of Bitcoin was transferred by cryptocurrency whales on Monday, as noted by Whale Alert.

According to the blockchain sleuth, anonymous wallets exchanged 3,856 BTC, which is roughly $361,584,691 at the current rates.

In the comments under the post, an X user pointed out the mighty power of blockchain transfers, which cannot be beaten by bank transactions — the transfer fee for moving the $361.5 million in crypto comprised merely 0,00066 BTC, which equates to $61,57:

"Thats the power of payment. You can pay this much for 2 usd fees."

Another commentator suggested that this could potentially be an over-the-counter (OTC) purchase/sale or a cryptocurrency exchange/whale restructuring their crypto wallets:

"Large BTC transfer indicates potential OTC deal or exchange cold wallet restructuring."

Bitcoin predicted to hit $350,000 by Kiyosaki

Robert Kiyosaki, the world-renowned financial guru and author of the best-selling "Rich Dad Poor Dad" series, recently shared his thoughts on Bitcoin and its future price performance in his latest newsletter installment, titled "Bitcoin Surges Past $93K; Kiyosaki Predicts $350K Next Year."

Kiyosaki touched on several topics in it. The first was criticizing the boss of the world’s largest wealth management fund BlackRock, Larry Fink. Kiyosaki wrote that Fink had begun to dump BTC, most likely referring to massive — close to $200 million — Bitcoin outflows by the company last week in a single day.

Then the “Rich Dad Poor Dad” author said that he would continue to buy Bitcoin, contrary to his earlier tweets, in which he claimed that once BTC surpassed $100,000, he would stop doing that. The world’s largest cryptocurrency soared above $108,000 in early December, but currently it is trading at slightly above the $93,000 price level. Kiyosaki believes that Larry Fink is suppressing the price so that whales are able to continue buying it.

Finally, the financial guru doubled down on his ultra-bullish price prediction, made approximately a month ago. According to it, the investment expert sees Bitcoin soaring as high as $350,000 next year, largely thanks to a pro-Bitcoin presidential candidate winning the recent election.

News source:www.investing.com

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Other articles published on Jan 03, 2025