Bitcoin (BTC) Is Currently Trading Above $110000, Showing a 2.23% Gain

Bitcoin is currently trading above $110000, showing a 2.23% gain in the last 24 hours, despite pressure from global uncertainties.

Bitcoin's price has risen above $110,000, showing a 2.23% gain in the last 24 hours despite pressure from global uncertainties.

As institutional investors turn more toward Bitcoin with rising bond yields and political tensions, the crypto is now seen as a hedge during unstable times.

Its price is currently holding between a support of $107,500 and facing resistance near $110,000.

Short-term holders are starting to leave, according to on-chain data, which might mean this current rally is reaching its peak. But the long-term picture, for some, still points to bigger things ahead.

One of the most vocal supporters is Robert Kiyosaki, author of Rich Dad Poor Dad, who took to X to share his views on the crypto giant.

“I cannot believe how easy Bitcoin has made getting rich…so easy,” said Kiyosaki.

He compared the ease of building wealth with Bitcoin to traditional methods like gold investing in his post. In his view, BTC has far outperformed other assets when held over time.

"Scarcity Could Drive Bitcoin Surge"

Kiyosaki urged people to act, stressing that even small amounts like 0.01 BTC could turn into life-changing money by 2027.

With the price of one Bitcoin sitting around $110,048, he pointed out that most people don’t need to buy an entire coin to benefit.

He sees Bitcoin’s limited supply as a key reason why its price will explode. There are only 1 million to 2 million Bitcoins left to be mined, according to his estimates.

This scarcity, he said, could trigger a price surge that pushes BTC into what macro investor Raoul Pal calls the “Banana Zone.”

I cannot believe how easy Bitcoin has made getting rich…so easy.Why everyone is not buying and holding Bitcoin is beyond me.Even .01 of a Bitcoin is going to be priceless in two years…. and maybe make you very rich.Sure Bitcoin goes up and down….but so does real life.…

Kiyosaki admitted the sharp price movements can be frustrating but described the volatility as a natural part of the cycle. He likened the rollercoaster moves of Bitcoin to everyday life. Despite these ups and downs, he encouraged investors to hold tight and take advantage of the current window.

A Call to Action Amid Rising Forecasts

He continued urging his followers not to wait. “Please do not be a yellow banana and miss the easiest time in history to become rich and financially free,” he wrote. He recommended people only listen to Bitcoin advocates like Michael Saylor and Anthony Pompliano.

Kiyosaki’s support for Bitcoin is long-standing. He sees it as a way to protect wealth in a world shaken by fear and greed. Last month, he made a bold forecast, predicting that BTC would reach $200,000 by year-end. That would be an 82.32% jump from its current value.

Looking even further, he projected that Bitcoin could eventually reach $500,000 or even $1 million per coin. He believes hyperinflation in the U.S. might push BTC to those levels, making it a final safety net for investors looking to secure their financial future.Read More | Solana's Rally to $200 Slows Despite the Increasing Number of Transactions and Active Addresses