R Kiyosaki forecasts Bitcoin reaching 350k by specific date

Renowned investor and author Robert Kiyosaki, known for his warnings about an impending financial crisis, has made a bold prediction regarding Bitcoin (BTC). He believes that the cryptocurrency could reach a staggering price of $350,000 by late August 2024, as stated in a recent post on his X account.

Kiyosaki, the author of the popular personal finance book ‘Rich Dad Poor Dad,’ expressed his confidence in Bitcoin’s potential to soar to new heights by August 25 of this year. He also mentioned that he is investing in other cryptocurrencies like Ethereum (ETH) and Solana (SOL) due to his belief that their prices will continue to rise. This decision is influenced by what he describes as the incompetence of current leaders like President Biden, Treasury Secretary Yellen, and Fed Chair Powell.

Describing the US President, Treasury Secretary, and Fed Chair as the “three stooges in real life,” Kiyosaki advised his followers to diversify their investments by including assets like gold, silver, Bitcoin, Solana, and Ethereum in their portfolios to protect themselves from potential economic challenges.

While some may view his $350,000 Bitcoin prediction as speculative, Kiyosaki emphasizes that it is not a lie but rather an opinion about the future. He has consistently recommended investing in these assets as a means of safeguarding wealth against inflation, mounting debt, and market instability.

Kiyosaki has also echoed the bullish sentiment shared by Cathie Wood, the CEO of ARK Invest, who believes that Bitcoin could reach an astonishing price of $2.3 million per wholecoin. Currently, Bitcoin is trading above $70,000, showcasing a nearly 70% increase since the beginning of 2024, indicating a positive trend in the cryptocurrency market.

It is important to note that the information provided in this article should not be considered as investment advice, as investing always carries risks.