{"id":160397,"date":"2022-07-15T09:02:56","date_gmt":"2022-07-15T09:02:56","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160397"},"modified":"2022-07-15T09:02:56","modified_gmt":"2022-07-15T09:02:56","slug":"btc-up-4-cryptoquant-ceo-waiting-for-short-squeeze-rich-dad-author-waiting-for-lower-price","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/btc-up-4-cryptoquant-ceo-waiting-for-short-squeeze-rich-dad-author-waiting-for-lower-price\/","title":{"rendered":"$BTC Up 4%, CryptoQuant CEO Waiting for \u2018Short Squeeze\u2019, \u2018Rich Dad\u2019 Author Waiting for Lower Price"},"content":{"rendered":"<p>On Friday (July 15), Bitcoin is trading above the $20,700 level, up 4% in the past 24-hour period.<\/p>\n<p>According to data by TradingView, on crypto exchange Bitstamp, BTC-USD got as high as $20,875 at 7:28 a.m. UTC, and currently (i.e. as of 8:28 a.m. UTC on July 15) it is trading around $20,759.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2022\/07\/BTCUSD_2022-07-15_09-18-26-1-1280x460.png\"><\/p>\n<p>Ki Young Ju, Co-Founder and CEO of South Korea based blockchain analytics startup CryptoQuant, said yesterday that Bitcoin \u201cseems close to the bottom, and it\u2019s time to wait until this short squeeze event happens.\u201d<\/p>\n<p>On Tuesday (July 12),\u00a0Robert Kiyosaki, the highly successful author of the \u201cRich Dad Poor Dad\u201d series of personal finance books, tweeted that he was looking to buy some bargain-priced bitcoins.<\/p>\n<p>At various times during the current COVID-19 pandemic, Kiyosaki has been criticizing the Federal Reserve\u2019s response to the resulting economic fallout and strongly urging his large following on social media platforms to protect themselves from what he feels is inevitable high inflation (and possibly hyperinflation) in the future by\u00a0using their fiat holdings to buy silver, gold, and Bitcoin.<\/p>\n<p>Episode #263\u00a0of Anthony Pompliano\u2019s \u201cPomp Podcast\u201d, which was released on 7 April 2021, featured an interview with\u00a0Kiyosaki. During that interview, Pompliano asked for\u00a0Kiyosaki\u2019s thoughts on \u201ctraditional inflation hedge\u201d assets.<\/p>\n<p>Kiyosaki said:<\/p>\n<p>\u201c<em>Gold and silver are God\u2019s money. Bitcoin is open source people\u2019s money.<\/em>\u201c<\/p>\n<p>On May 13, Kiyosaki elaborated on what he had said on May 12 about crashes being \u201cbest times to get rich.\u201d<\/p>\n<p>Although seeing Kiyosaki talk about backing up the truck to buy more Bitcoin if its price fell to as low as $11K or $12K was scary enough for most Bitcoin HODLers, what he said on June 28 was even more shocking, because on this day he tweeted that he is waiting for \u201cBitcoin losers\u201d to sell him their $BTC at $1100 per bitcoin.<\/p>\n<h2>Image Credit<\/h2>\n<p><em>Featured Image\u00a0by \u201cpetre_barlea\u201d via\u00a0Pixabay.com<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2022\/07\/btc-up-4-cryptoquant-ceo-waiting-for-short-squeeze-rich-dad-author-waiting-for-lower-price\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday (July 15), Bitcoin is trading<\/p>\n","protected":false},"author":3,"featured_media":160396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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