R Kiyosaki foresees Bitcoin reaching 350k by a specific date
Renowned investor and author Robert Kiyosaki is sounding the alarm about an impending 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 skyrocket to $350,000 by late August 2024.
In a recent post on June 6, Kiyosaki, known for his bestselling personal finance book ‘Rich Dad Poor Dad’, confidently projected that the leading cryptocurrency would reach this impressive price milestone by August 25. Despite acknowledging that this is merely a prediction, he continues to advocate for investing in Bitcoin, as well as Ethereum (ETH) and Solana (SOL), due to his belief that their prices will continue to climb.
Attributing the potential rise in asset prices to what he perceives as the incompetence of US leaders such as President Biden, Treasury Secretary Yellen, and Fed Chair Powell, Kiyosaki urged his followers to also consider purchasing gold, silver, and Ethereum to shield themselves from the impact of their decisions.
Kiyosaki emphasized that his $350,000 Bitcoin prediction is not a lie, but rather a speculative opinion about the future. He reiterated his recommendation to diversify investments across various assets to protect against inflation, mounting debt, and market instability, cautioning that traditional financial products like stocks and bonds are part of an ‘everything bubble’.
Additionally, Kiyosaki supported a bold forecast by Cathie Wood, founder and CEO of ARK Invest, who suggested that Bitcoin could potentially reach an astonishing price of $2.3 million per wholecoin. Currently, Bitcoin is trading above $70,000, demonstrating a bullish trend that has seen its value surge by nearly 70% since the beginning of 2024.
It is important to note that the information provided in this article should not be construed as investment advice. Investing always carries risks, and individuals should exercise caution when making financial decisions.
