Bitcoin Price Dips to $70,500 Amid Launch of Tokenized Hotel Debt in El Salvador

Bitcoin is trading at 70,489 decreasing by 0.20 % on Friday. With tokenized shares on the Bitcoin layer 2 Liquid Network, investors may now own a piece of a brand-new Hampton by Hilton hotel thanks to El Salvador’s first tokenized asset raise. With a $1,000 minimum investment and a 5-year term that offers a 10% yield, investors can purchase tokens under the ticker HILSV thanks to Bitfinex Securities.

This action creates a new asset class and represents a major milestone in El Salvador’s capital market development. It gives investors more options and makes it possible for issuers to raise cash, especially in markets where capital is scarce.

The project’s success might reinforce Bitcoin’s standing as a substitute for traditional investment avenues and legitimize its role in tokenizing real-world assets. As more assets are tokenized, this could lead to a rise in the cryptocurrency’s adoption and investment.

El Salvador’s newest Hilton hotel to tap into tokenized debt on Bitcoinhttps://t.co/hkT1jUH4uB

— John Morgan (@johnmorganFL) April 12, 2024

Rich Dad, Poor Dad According to author Robert Kiyosaki, the price of bitcoin will reach $2.3 million.

The author of “Rich Dad Poor Dad,” Robert Kiyosaki, maintains his optimistic view on Bitcoin, reiterating Ark Invest CEO Cathie Wood’s forecast of a $2.3 million BTC price. He promotes Bitcoin investing, highlighting the possibility of large returns.

Wood’s bullish prediction is bolstered further by Ark Invest’s study, which supports Bitcoin’s long-term value. In addition, Kiyosaki issues dire warnings about approaching market meltdowns and suggests diversifying into physical assets like gold, silver, and bitcoin. His support of Bitcoin as a hedge against inflation and unstable economies may draw in more investors looking for alternative value repositories.

Furthermore, Kiyosaki’s resistance to relying solely on the dollar fits with Bitcoin’s thesis of being a decentralized currency unaffected by political manipulation. Overall, Wood’s study and his endorsement support the optimistic outlook around Bitcoin, which might draw in more institutional and individual investors and accelerate its growth.

#RichDad Poor Dad Author #RobertKiyosaki Believes #Bitcoin Will Reach $2.3 Million https://t.co/SvyA4KfUKi

— Bitcoin.com News (@BTCTN) April 11, 2024

Bitcoin Price Forecast: Technical Outlook

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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