R Kiyosaki forecasts Bitcoin reaching 350k by a specific date
Renowned investor and author, Robert Kiyosaki, continues to sound the alarm on a looming financial crisis in the United States and worldwide. He has made a bold prediction that Bitcoin (BTC), one of his preferred assets for safeguarding against economic turmoil, could reach a price of $350,000 by late August 2024.
In a recent post on X, Kiyosaki expressed his confidence in Bitcoin reaching the impressive $350,000 mark by August 25 of this year. While he acknowledges that this is simply a prediction, he emphasized his belief in the potential of the cryptocurrency.
Additionally, Kiyosaki revealed that he is increasing his holdings in Bitcoin, as well as in Ethereum (ETH) and Solana (SOL). He attributed his decision to the perceived incompetence of leaders such as President Biden, Treasury Secretary Yellen, and Fed Chair Powell, whom he referred to as the “three stooges in real life.”
Encouraging his followers to diversify their portfolios, Kiyosaki recommended investing in gold, silver, Bitcoin, Solana, and Ethereum as a means of protecting against potential financial instability.
While Kiyosaki’s prediction of Bitcoin reaching $350,000 by August 25, 2024 may seem like a stretch to some, he stands by his forecast, emphasizing that it is not a lie but rather a speculative opinion about the future. He remains hopeful that his vision will become a reality.
Kiyosaki has long advocated for investing in the aforementioned assets as a strategy for preserving wealth amidst concerns about inflation, rising debt, and market volatility. He has also supported an ambitious forecast by Cathie Wood, CEO of ARK Invest, who suggested that Bitcoin could potentially reach a price of $2.3 million per wholecoin.
Currently, Bitcoin is trading above the key psychological level of $70,000, signaling a bullish trend that has seen its value rise by nearly 70% since the beginning of 2024. Despite fluctuations in the market, Kiyosaki remains steadfast in his belief in the long-term potential of Bitcoin and other digital assets.
Disclaimer: The information provided in this article is not intended as investment advice. Investing involves risks, and individuals should exercise caution when making financial decisions.
