R Kiyosaki forecasts Bitcoin reaching 350k by this specific date
Renowned investor and author Robert Kiyosaki continues to sound the alarm about an impending financial crisis in the United States and globally. He has made a bold prediction that Bitcoin (BTC), one of his favorite assets for hedging against economic turmoil, could reach a staggering price of $350,000 by late August 2024.
In a recent post on June 6, Kiyosaki, best known for his bestselling personal finance book ‘Rich Dad Poor Dad,’ expressed his confidence in Bitcoin reaching the $350,000 mark by August 25, 2024. While acknowledging that this is a prediction, he emphasized his belief in the potential growth of the cryptocurrency.
Kiyosaki also revealed that he has been increasing his holdings in Bitcoin, Ethereum (ETH), and Solana (SOL) due to his conviction that their prices will continue to soar. He attributed this anticipated growth to what he perceives as the incompetence of current leaders such as President Biden, Treasury Secretary Yellen, and Fed Chair Powell.
Referring to the aforementioned leaders as the “three stooges in real life,” Kiyosaki advised his followers to diversify their portfolios by investing in assets like gold, silver, Bitcoin, Solana, and Ethereum as a safeguard against potential economic instability.
While emphasizing that his prediction of Bitcoin reaching $350,000 by August 25, 2024, is not a lie but rather speculation, Kiyosaki reiterated his desire for this forecast to become a reality.
Kiyosaki’s investment advice has long included recommendations to invest in the above-mentioned assets to protect wealth, with a focus on guarding against inflation, mounting debt, and market volatility. He has warned about an ‘everything bubble’ in traditional financial products like stocks and bonds.
In relation to Bitcoin’s future, Kiyosaki has supported a bold prediction by Cathie Wood, CEO of ARK Invest, who suggested that Bitcoin could potentially reach $2.3 million per wholecoin. Currently, Bitcoin is trading above $70,000, marking a significant increase of nearly 70% since the beginning of 2024.
It is important to note that the information provided in this article should not be considered as investment advice, as investing always carries risks and uncertainties.
