Bitcoin’s price action has ignited discussions among crypto aficionados, with divergent views emerging on its affordability and viability as an investment. While some argue Bitcoin is too expensive, others believe its potential upside justifies buying at the current price. Prominent figures weigh in, offering contrasting perspectives on this polarizing topic.
Robert Kiyosaki, renowned author of “Rich Dad Poor Dad,” took to X to express his frustration with people citing Bitcoin’s high price as an excuse not to invest. Kiyosaki emphasized that profits are made when buying, not selling, echoing his rich dad’s investing lesson. He encouraged his followers to buy what they can afford and continue accumulating Bitcoin, as its price is expected to rise further.
On the other hand, Edward Farina, an XRP proponent, labeled Bitcoin as an outdated system that can’t keep up with modern demands. He voiced frustration over better alternatives like XRP and Stellar Lumens (XLM) being overlooked, suggesting a paradigm shift has already occurred.
Rob Vendetti, acknowledging the “too expensive” sentiment, questioned why people think they need to be institutional investors to get started with Bitcoin. BTC’s value, at the time of this writing, is $66,109.21. The cryptocurrency faced a dip of 1.24% in the last day and an even steeper reduction of 4.64% in the past week.
MicroStrategy Plans $500 Million Note Offering to Invest Further in BitcoinWilly Woo, a renowned on-chain analyst, offered a different perspective, stating that the Bitcoin run will continue until everyone is invested. With only 4.7% of the population having invested so far, Woo advised buying on every gain, likening it to venture capitalists’ approach to emerging technologies.
Roman, a popular crypto trader, provided a technical analysis, suggesting that Bitcoin’s 66k support level is being broken. He identified the next support at 64k and a potential revisit to 60k if it fails to hold. Notably, Roman observed decreasing volume amid the price decline, indicating a lack of confident downtrend and attributing it to ranging behavior.
