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"Rich Dad Poor Dad" Author Names Easiest Way to Become a Millionaire, Ripple Unveils Major Initiative for Japan and South Korea: Crypto News Digest by U.Today

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Wed, 12/06/2024 - 16:25
"Rich Dad Poor Dad" Author Names Easiest Way to Become a Millionaire, Ripple Unveils Major Initiative for Japan and South Korea: Crypto News Digest by U.Today
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Here are the top three news stories presented to you by U.Today.

"Rich Dad Poor Dad" author names easiest way to become a millionaire

Robert Kiyosaki, American businessman and author of "Rich Dad Poor Dad" finance bestselling book, has revealed the "easiest" way to become a millionaire in his recent X post. Kiyosaki wrote that he knows the hardships of making millions as an entrepreneur, which is exactly why he is saving Bitcoin now. "Bitcoin does the hardwork for me. That is why I love Bitcoin," he wrote in the conclusion of his post. However, some of Kiyosaki's followers pointed out that it is almost impossible for an ordinary person to become a millionaire with the help of Bitcoin due to the flagship crypto's high price. At the moment of writing, BTC is trading at $69,933, per CoinMarketCap data.

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Ripple unveils major initiative for Japan and South Korea

According to a recent press release by Ripple, the company has launched the XRPL Japan and Korea Fund. This move is aimed at boosting innovation on the XRP Ledger "in the dynamic Japanese and Korean markets." Ripple supported the initiative as part of its 1 Billion XRP commitment through both the XRPL Grants and XRPL Accelerator programs; as a reminder, the fintech giant committed the aforementioned sum to various XRPL projects in April 2022. Emi Yoshikawa, VP of Strategy & Operations at Ripple, wrote in her X post that the fund will entail tens of millions of dollars over time for corporate partnerships, investments, and developer grants.

PlanB issues epic year-end Bitcoin (BTC) price prediction

In a recent X post, renowned crypto analyst PlanB has issued a year-end prediction for Bitcoin's price. The analyst's Bitcoin scenario spans five years, from 2024 to 2028. The post reads: "My best guess Bitcoin scenario 2024-2028: 2024 (EOY): $0.15 million, 2025: $0.8 million, 2026: $0.4 million, 2027: $0.3 million, 2028: $0.4 million." PlanB used the S2F model to compare Bitcoin’s trend with previous cycles, highlighting that it perfectly aligns with the S2F^3 power law model. He admits that this forecast for the Bitcoin price seems unlikely but claims that "800K would be in line with the best fitting, highest R2, historical data model." Several factors will determine whether PlanB's positive price prediction for Bitcoin comes true, including investor sentiment surrounding BTC and increased adoption from institutional players through spot Bitcoin ETF products.

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