Institutional Investors Bullish on BTC, Musk Promises McDonald’s Meal + More
• Institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation.
• Elon Musk reaffirmed his commitment to eat a McDonald’s Happy Meal on TV if the fast food chain accepts the meme cryptocurrency dogecoin (DOGE).
• Robert Kiyosaki warned of a global recession due to soaring bankruptcies, unemployment, and homelessness.
Institutional Investor Forecast
A new survey shows that institutional investors expect „a strong year ahead for bitcoin“ and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000.
Elon Musk Reaffirms Offer
Tesla and Twitter CEO Elon Musk has reaffirmed his commitment to eat a McDonald’s Happy Meal on TV if the fast food chain accepts the meme cryptocurrency dogecoin (DOGE). Musk originally made the offer a year ago but McDonald’s responded with a counteroffer at the time.
Robert Kiyosaki Warnings
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that we are in a global recession. Warning of soaring bankruptcies, unemployment, and homelessness, he noted that there is good news for investors looking for „bargains.“
Cryptocurrency Payment Bill Proposed
A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as „a means of payment of fines, civil penalties, rent, rates, taxes,“ and more.
Conclusion
In conclusion this week brought news of optimism from institutional investor forecasts; Elon Musk reiterating his promise to eat at McDonalds; warnings from Robert Kiyosaki regarding global economic peril; and New York considering legislation that would allow state agencies to accept cryptocurrencies as payment methods – all contributing to an exciting start in 2021 for Bitcoin!