🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

'Rich Dad Poor Dad' Author Kiyosaki Gives Lesson on Money as Bitcoin Teases All-Time High

Published 10/29/2024, 06:10 PM
Updated 10/29/2024, 09:45 PM
© Reuters \'Rich Dad Poor Dad\' Author Kiyosaki Gives Lesson on Money as Bitcoin Teases All-Time High
BTC/USD
-

U.Today - In a recent post, Robert Kiyosaki, author of the best-selling book "Rich Dad, Poor Dad," shared some insights on how money reveals true character. The gist of his message was that wealth makes your existing traits more obvious.

So whether you are greedy, kind or intelligent, those traits will be spotlighted when you have more resources. The underlying wisdom, according to Kiyosaki, is that smarter money management leads to greater wealth, while bad habits can lead to losses.

Kiyosaki's message comes as Bitcoin (BTC) hits the notable $70,000 mark, a major milestone in its price action.

Bitcoin (BTC): Price outlook

Recently, Bitcoin broke through the $69,000 mark, pushing past strong resistance and creating new momentum. This is the first time it has been this high since early June, which is a pretty strong showing for the top cryptocurrency. The digital asset is now just 4.2% below its all-time high of $74,000 per BTC.

While the current market conditions have people thinking that Bitcoin could set new records, there is a notable change in how people feel about the market, with fear and greed starting to heat up and play a role.

Bitcoin's fascinating price performance is driving this, with investors looking at the possibility of a new high if current patterns hold. With only a small percentage to go, Bitcoin's activity is attracting the attention of both veteran investors and newer entrants.

This said, Kiyosaki's timely reminder of financial wisdom and self-awareness could never have been more appropriate in such a changing market climate.

This content was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.