Aurelia Butler

Kiyosaki’s insights draw attention to the different nature of panics in capital markets versus those in banking. According to him, while market crashes in stocks, bonds, or real estate are obvious to most, banking crises can occur without public awareness. This hidden risk is only partially mitigated by FDIC insurance, which covers deposits up to $250,000.However, Kiyosaki questions the safety of relying solely on this protection and urges individuals to consider alternatives such as gold, silver and Bitcoin.Kiyosaki thinks the current financial system is “corrupt” and getting more vulnerable. That’s why it is a good idea to hold tangible assets that are less likely to fail, the writer is convinced.The bestselling author also thinks that Bitcoin could be worth a lot in the future — even up to $1,000,000. By promoting BTC, gold and silver, Kiyosaki encourages people to protect their wealth from the risks of traditional banking and to prepare for possible economic downturns.This article was originally published on U.Today More

In his latest tweet, Saylor simply wrote: “Behold Bitcoin.” While the statement may seem brief and straightforward, its timing and context carry significant weight.Bitcoin, the largest cryptocurrency by market cap, is currently witnessing a period of relative consolidation hovering near the $60,000 to $62,000 range. Since Aug. 8 specifically, Bitcoin has consolidated below the $62,000 level after reaching highs of $62,755.This pause in Bitcoin’s price movement has led to speculation about where BTC trends in the short term. At the time of writing, BTC was up 0.95% in the last 24 hours to $59,595.As Bitcoin continues to trade below $62,000, Saylor urges the market to look beyond the current pause and consider the broader implications of Bitcoin’s adoption and potential. In another way, the tweet might be a message to the crypto community, suggesting that Bitcoin’s value extends beyond short-term price movements.Whether this moment of consolidation for Bitcoin leads to a breakout or a further dip remains unknown. For now, all eyes are on the next move for Bitcoin’s price.According to Ali, in an uptrend, a dip below the 200-day SMA for Bitcoin can hint at a buying opportunity. However, staying below it for an extended time might indicate the start of a bear market.With the market currently digesting the largest downtrend of the cycle, indecision among digital asset investors remains apparent, on-chain analytics firm Glassnode stated in a recent report. However, below the surface, a clear return to HODLing and accumulation looks to be taking place.Glassnode noted that after several months of relatively heavy distribution pressures, the behavior of Bitcoin holders appears to be rotating back toward HODLing and accumulation. However, activity in spot markets indicates that there has been a net bias toward sell-side pressure of late, and this has not yet completely subsided.This article was originally published on U.Today More

The $60,000 mark has considerable psychological significance in the market, it is not just a round number. Bulls and bears have historically fought fiercely for this level, making it a crucial battleground.Bitcoin tends to draw both buying and selling activity whenever it crosses over $60,000, which increases volatility. Thus, it is imperative to keep an eye on $60,000 as well. Bitcoin might gain enough traction to test higher resistance levels if it can continue trading above this mark.The next immediate resistance level is located just above $60,000. Further significance is added when one notices that this level aligns with the daily chart’s 50 EMA. In the past, when BTC reached this level, it has frequently experienced severe pullbacks as a result of its inability to sustain rising momentum. Failure to do so might lead to a retest of lower support levels. However, breaking and holding above $61,000 could open the door for a longer-term rally.Support for 200 EMA is at $59,548. At $59,548, the 200 exponential moving average Bitcoin is currently trading at. This moving average will be critical in figuring out Bitcoin’s next move as it has historically served as a solid support level. If this level is held, it may serve as a springboard for a possible recovery; if it is broken, additional downside may be indicated with a potential return to the $58,000-$57,000 region.This article was originally published on U.Today More

According to TD Cowen analysts, both Kamala Harris and Donald Trump are viewed as more favorable for the industry than Joe Biden. Harris is viewed as likely to approach crypto with caution, prioritizing investor protections, whereas Trump may defer to his financial regulators, as crypto is not expected to be a personal focus in a potential second term.”We view Kamala Harris as more open to crypto and digital assets than Joe Biden, though we do not view this as a priority and believe the industry could continue to face hostile regulators,” TD Cowen analysts said in a note. When comparing Trump to Harris, the situation is more nuanced. Recently, Trump has positioned himself as a crypto advocate while courting the industry’s support. However, TD Cowen emphasizes that historical patterns suggest that this newfound support may not necessarily translate into more lenient regulatory actions during a second Trump term.The crypto lobby has leveraged the sector’s wealth creation to build political influence as the election approaches, the bank analysts observed.The Biden administration recently engaged with the crypto sector to explore potential policy directions. Meanwhile, Trump has pledged to be the “crypto president” and has dropped his prior rhetoric critical of the industry. Despite this, TD Cowen analysts caution against mistaking campaign rhetoric for actual policy advancements.”Harris is not Biden when it comes to crypto,” analysts highlighted.“We see her as more receptive to the industry and more willing to support policy initiatives that encourage the industry’s growth.” However, Harris is also unlikely to oppose efforts aimed at strengthening investor protections within the crypto space. This suggests that the SEC would continue to play a significant role in overseeing most tokens and trading platforms under her leadership.Analysts believe that both Harris and Trump are expected to support crypto market structure legislation if it successfully passes through Congress. Such legislation might be slightly more stringent on investor protection with Harris in the White House, though not to an extent that would significantly impact the industry’s operations. A key difference may lie in how each would interact with the banking sector. Trump could favor fewer restrictions, though this would likely depend on the personnel he appoints, as he is expected to defer to his bank regulators on these matters. In contrast, Harris is anticipated to proceed more cautiously in this area. More