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What’s In Store for 2024? Bitcoin, Home Buying, and Kiyosaki’s $1.2 billion in debt
Jan 5, 2024
34:02
Snipd AI
This podcast episode discusses the predictions for the economy in 2024, including the surge in Bitcoin prices and the expected SEC approval of a Bitcoin ETF. It explores the impact of the Federal Reserve lowering interest rates on home buying and analyzes Robert Kiyosaki's $1.2 billion debt. The episode also talks about black swan events and election year abnormalities that might affect the flow of money.
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Quick takeaways
- The expected approval of a Bitcoin ETF by the SEC and the upcoming Bitcoin halving event are driving factors behind the recent surge in Bitcoin prices.
- Lower interest rates in the first half of 2024 will likely increase homebuyer demand and put upward pressure on home prices, exacerbated by the existing housing supply shortage and hesitancy of baby boomer homeowners to sell.
Deep dives
Bitcoin Rally: Expectations of SEC Approval
Bitcoin experienced a revival after its November 2021 peak and subsequent drop due to two reasons. First, the Securities and Exchange Commission (SEC) is expected to approve a spot Bitcoin ETF, attributing the recent rally to this anticipation. Second, the upcoming Bitcoin halving event is expected to happen soon, historically leading to a surge in Bitcoin price. While buying Bitcoin still carries speculative risk, the introduction of a Bitcoin ETF would offer institutional protections and make it more accessible for investors.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode