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Bitcoin Ends Week with $375M Inflows as Multi-Asset Products Face $121M in Losses

Last week saw $308 million in inflows into digital asset investment products, although this was overshadowed by a major outflow of $576 million on December 19th. The last two days of the week saw total outflows of $1 billion. The recent price declines led to a $17.7 billion drop in the total assets under management (AuM) for Digital Asset ETPs, which is likely influenced by the hawkish stance of the Federal Reserve’s dot plot published on Wednesday. Bitcoin Posts Strong Inflows While these outflows are significant, it is also important to note that the figures represent only 0.37% of total AuM and rank as the 13th largest single-day outflow in history, according to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report . In comparison, the largest single-day outflow occurred in mid-2022 when a $540 million outflow (2.3% of AuM) followed the Fed’s interest rate hike. Although Bitcoin saw some outflows during the week, it ended with net inflows of $375 million, indicating strong market sentiment. On the other hand, short-bitcoin products recorded only $0.4 million in inflows, reflecting a lack of significant interest from short-sellers. The “most dramatic” outflows came from multi-asset investment products, which saw a sharp decline of $121 million last week. On the altcoin front, XRP led the inflows with $8.8 million, followed by Horizen at $4.8 million and Polkadot at $1.9 million over the past week, showing a trend of investors favoring more selective opportunities. Chainlink, Cardano, and Litecoin also received modest inflows of $1.7 million, $0.7 million, and $0.6 million, respectively. Meanwhile, Ethereum continued its positive streak and attracted $51 million, while Solana experienced outflows of $8.7 million during the same period. Switzerland Faces Largest Digital Asset Outflows The US continued to lead in digital asset inflows, drawing $567 million over the past week. Brazil and Australia followed with $16.6 million and $10.2 million in inflows, respectively, while other regions saw outflows. Topping the chart with the most outflows during the same period was Switzerland recording $95.1 million, followed by Germany and Canada with $74.7 million and $60.1 million. Outflows were also recorded in Sweden and Hong Kong, with $42.1 million and $12.1 million, respectively. The post Bitcoin Ends Week with $375M Inflows as Multi-Asset Products Face $121M in Losses appeared first on CryptoPotato .

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Rich Dad Robert Kiyoaski: Best Bet in a Boom or Bust Economy Is Bitcoin

The economy is chugging along nicely, with real GDP rising in the third quarter over the second quarter of 2024. That’s according to data from the US Bureau of Economic Analysis. Kiyosaki warned on Sunday, however, that the economy could plunge into a depression next year. “Global crash has started. Europe, China. USA going down. Depression ahead?” he wrote in a post on X. “Please be smarter with your money. Hang on to your job and your money.” Global crash has started. Europe, China. USA going down . Depression ahead? Please be smarter with your money. Hang on to your job and your money. Biggest problem are our leaders and educators. As I have often asked “What did school teach you about money?” Regardless of… — Robert Kiyosaki (@theRealKiyosaki) December 23, 2024 And by money, the bestselling “Rich Dad, Poor Dad” author means Bitcoin and gold. He’s not alone in fearing economic trouble ahead. Despite the strong GDP numbers this year, some analysts fear Trump’s aggressive trade policies could slow growth and lead to a recession. Peter Berezin, the chief global strategist for BCA Research, warned in November that Trump’s proposed import tariffs will leave the economy with a 75% chance of recession. Kiyosaki Boosts Bitcoin for Economic Meltdown Kiyosaki says all hope is not lost in a bad economy. “For many people, crashes are the best times to get rich,” he said. “I plan on getting richer. I want you to get richer and smarter, too. Take care.” Earlier this month, the financial author suggested that Bitcoin’s price could crash to $60,000 from its current levels of around $100,000. Fundstrat’s Tom Lee is also worried about a massive pullback from these current highs. But Kiyosaki said he’s not selling because he expects the cryptocurrency to reach $250,000 in 2025. BITCOIN to CRASH Bitcoin is stalled short of $100k. That means BTC may crash to $60k. If and when that happens I will not sell. BTC will be having a sale. I will buy more. I predict Bitcoin will settle around $250 in 2025. At this stage of the BTC process… price is not… — Robert Kiyosaki (@theRealKiyosaki) December 1, 2024 “At this stage of the BTC process… price is not as important… as how many BTC you acquire,” he said. A Booming 2025 Could Wreck Fiats Like USD Despite some recession warnings, most economists expect business to boom in 2025. Apollo Global Management’s chief economist, Torsten Sløk, projects a 0% recession forecast for the U.S. in 2025. Either way, Bitcoin could be your most important savings vehicle. According to Kiyosaki, BTC holds its value whether the economy is slowing or growing. That’s because when the economy slows, investors rush to Bitcoin as a macro hedge on future uncertainty. When the economy booms, fiat inflation soars, and as a result, so does Bitcoin’s price. “Regardless of which way economy goes, gold, silver, and Bitcoin hold their value,” Kiyosaki said. The post Rich Dad Robert Kiyoaski: Best Bet in a Boom or Bust Economy Is Bitcoin appeared first on CryptoPotato . Crypto Potato

The European Union Proposes New Regulations for Bitcoin and Crypto Wallets

EU`s new crypto regulations raise significant privacy concerns. Users and service providers should prepare for impending changes. Continue Reading: The European Union Proposes New Regulations for Bitcoin and Crypto Wallets The post The European Union Proposes New Regulations for Bitcoin and Crypto Wallets appeared first on COINTURK NEWS . Crypto Potato