Robert Kiyosaki Doubles Down on Bitcoin (BTC) as Cryptocurrency Reclaims $100K Milestone - BeInCrypto

Robert Kiyosaki, the author known for "Rich Dad Poor Dad" financial literacy books, is buying more Bitcoin after the cryptocurrency surpassed the $100,000 milestone.

Robert Kiyosaki, the author behind the personal finance book series "Rich Dad Poor Dad," has disclosed that he is buying more Bitcoin after the cryptocurrency surpassed the $100,000 milestone.

Earlier this year, Kiyosaki predicted that Bitcoin could surge to $350,000 this year.

Bitcoin's comeback

The price of BTC reached an intraday high of $102,514 on the Bitstamp exchange earlier today, marking the highest level reached by the cryptocurrency since Dec. 19.

Bitcoin has now rallied by more than 12% since plunging to a local low of $91,315 on Dec. 30.

According to cryptocurrency analytics platform Lookonchain, a whale managed to turn a profit of over $4 million into a $3.75 million loss after failing to close their position ahead of a recent Bitcoin correction.

However, following Bitcoin's most recent price rally, the whale in question secured a realized profit of $505,000.

More ETF buying

The recent recovery comes after spot Bitcoin exchange-traded funds (ETFs) saw inflows of over $900 million on Monday, recovering from a recent streak of outflows.

Glassnode analysts suggest that the selling was driven by seasonal factors and now anticipate more buying activity from traditional investors.

US buyers back in action

According to CryptoQuant data, the Bitcoin rally appears to be primarily driven by spot buying on the Coinbase exchange.

notably, the Coinbase Premium Index crossed the 14-day simple moving average (SMA) for the first time in 26 days three days ago. According to the firm, a similar move saw Bitcoin surging from $69,000 to $108,000 in the fourth quarter of the year.