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Bitcoin experienced significant price swings last week, briefly surpassing $111,800 before settling near $110,000. Despite short-term volatility, analysts emphasize its long-term upward trend and deflationary design. Prominent figures like Thomas Fahrer and Robert Kiyosaki highlight the emotional and financial rewards of holding Bitcoin.
- Bitcoin's price volatility last week saw swings between $111,800 and $109,600, yet it closed near $110,000, reinforcing its long-term upward trend.
- Thomas Fahrer highlights Bitcoin's deflationary design, with a fixed supply of 21 million coins and halvings every four years, contrasting it with inflationary fiat currencies.
- Robert Kiyosaki advocates for fractional Bitcoin ownership, stating even small holdings (e.g., 0.01 BTC) can yield substantial returns over time.
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