Author: The Daily Hodl
Rich Dad Poor Dad Issues Warning to Bitcoin Sellers, Says President Trump ‘Understands Power’ of BTC
Best-selling author Robert Kiyosaki says that he bought more Bitcoin (BTC) during the recent correction and that sellers might regret their decision. The Rich Dad Poor Dad author predicts that at some point during Donald Trump’s presidential term, the president will start buying Bitcoin as a way to fix the US’s financial troubles, pumping BTC. “People who sold BITCOIN in the last crash are LOSERS. Don’t they know who the President of the United States is? President Trump….the right President at the right time….understands the power of BITCOIN. When he begins buying BITCOIN to help solve America’s financial insanity….those who…
The stablecoin issuer Tether has hired a new chief financial officer (CFO) and committed to completing a full audit. The veteran finance executive Simon McWilliams will now serve as CFO for Tether, which issues the dollar-pegged USDT, the top stablecoin by market cap. McWilliams will lead the stablecoin issuer toward a full audit and “spearhead Tether’s further commitment to transparency and regulatory readiness,” according to a press release from the firm. Tether didn’t provide a timeline for the audit. The firm already releases quarterly attestation reports with the accounting giant BDO, but it says a full audit will “ensure greater…
Venture capitalist Chris Burniske isn’t backing away from the crypto market despite the sector’s recent price woes. Burniske tells his 325,100 followers on the social media platform X that he thinks the current downtrend is a mid-bull market pullback. He also thinks the cycle top hasn’t arrived yet. “BTC giving up a bit more ground isn’t going to change that view. Selling here is unlikely to be a good idea if you’re wavering – because if you’re selling here, it also tells me you’re prone to get sidelined on the way up. At worst, just sit on your hands, don’t…
Crypto asset manager Grayscale Investments is advancing plans to launch an exchange-traded fund (ETF) for Hedera Network’s native token HBAR, according to a new filing. The Nasdaq Stock Market submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale Hedera Trust. ETFs allow traders to expose themselves to assets such as precious metals and crypto without having to actually purchase them. The SEC approved Bitcoin (BTC) and Ethereum (ETH)-based ETFs in 2024. The Ethereum competitor Hedera is one of several altcoin-focused ETFs that Grayscale is pursuing. HBAR is trading for $0.24 at…
A crypto strategist known for nailing the 2022 Bitcoin bottom believes that the current correction will climax once BTC hits a key price level. In a strategy session, the pseudonymous analyst DonAlt tells his 65,900 YouTube subscribers that while he’s still bullish on Bitcoin, he thinks that BTC can witness a 30% devaluation from current levels before bottoming out. According to the analyst, the $80,000 range offers no support for BTC, so he’s waiting for the crypto king to either drop to the $60,000 price range or reclaim the $90,000 level as support before taking additional risk. “I could see…
Fundstrat’s head of research, Tom Lee, says that Bitcoin (BTC) may rally past $150,000 this year despite the recent dip. In a new interview with CNBC, Lee says that Bitcoin may increase more than 70% from its current value in 2025 as the top digital asset by market cap continues to see increasing adoption among investors. He also says that Bitcoin’s recent correction was expected by some experts and that BTC may suddenly surge. “I would say what’s interesting is Bitcoin’s not had negative headlines in February, but it was down. But I know our technician, Mark Newton, had talked…
The International Monetary Fund (IMF) is attempting to impose strict restrictions on El Salvador as part of a $1.4 billion loan agreement, targeting the country’s controversial Bitcoin (BTC) adoption strategy. Under new conditions in the IMF’s Staff Country Report, El Salvador must halt public sector acquisitions of the BTC, dissolve the Fidebitcoin trust fund by July 2025, and cease operations of its Chivo wallet system. The government must also publicly disclose all Bitcoin wallet addresses and provide audited financial statements for crypto-related entities. President Nayib Bukele, a vocal Bitcoin proponent, pioneered the crypto king’s legal tender status in 2021, making…
Widely followed quant analyst PlanB says Bitcoin’s (BTC) latest correction is now raising questions as to whether its bull cycle is on the verge of ending. In a new strategy session, PlanB says that while on-chain data suggests Bitcoin remains in a bull cycle, a lack of new all-time highs since January may indicate a bear market is starting to form. “Some questions about the Bitcoin market cycle chart. It is still measuring ‘bull market’ (red) in on-chain data. But as I explain in today’s video, we are at a crossroads.” The analyst says there remains the potential of a…
Coinbase co-founder and CEO Brian Armstrong believes the US crypto strategic reserve recently announced by President Donald Trump should exclusively consist of Bitcoin (BTC). On the social media platform X, Armstrong says having “just Bitcoin” in the US crypto strategic reserve “would probably be the best option.” According to the Coinbase CEO, Bitcoin comes with the “simplest and [clearest] story as successor to gold” relative to other crypto assets. “If folks wanted more variety, you could do a market-cap-weighted index of crypto assets to keep it unbiased.” On Sunday, President Trump confirmed that the US will set up a “crypto…
The largest asset manager in the world says there is not enough Bitcoin (BTC) to meet the demand from American billionaires. In a new report titled “Why bitcoin? A perspective from model portfolio builders,” BlackRock analysts Michael Gates and Brett Wager details how Bitcoin is inelastic to demand, unlike gold. Unlike the yellow metal, the analysts point out that BTC has no ability to meet excess demand with increased supply, as its supply is hard-capped and its inflation schedule is already set in stone. “As many know, there is a predictable issuance schedule of new bitcoin until 2140 with a…