Bitcoin, the leading cryptocurrency by market capitalization, is once again nearing its record levels. Recently reaching $105,089, it has surged more than 10% over the past week.
Bitcoin Prices Approach Record
Bitcoin is currently trading at $105,089 and is just 2.8% away from its record high of $108,135 achieved roughly a month ago. The recent movements are linked to reports about a potential significant U.S. strategic Bitcoin reserve.
Robert Kiyosaki's Take on Bitcoin
Robert Kiyosaki, author of 'Rich Dad Poor Dad', recently expressed confidence that Bitcoin would reach $250,000 this year. Kiyosaki emphasizes the importance of 'hodling' the cryptocurrency as a strategy for wealth accumulation.
Institutional Investments and Crypto Market
Bitcoin ETPs attracted $1.8 billion worth of inflows this week, indicating ongoing institutional interest. However, Bitcoin still underperforms compared to altcoins like Solana and XRP, which have surged by 24% and 44%, respectively, over the week.
Despite challenges, Bitcoin shows steady growth and support from institutional investors, leaving the question of its future rise to $250,000 as predicted by Kiyosaki open.