R Kiyosaki forecasts Bitcoin reaching 350k by a specific date

Renowned investor and author Robert Kiyosaki has been sounding 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 preferred assets for hedging against economic turmoil, could reach a price of $350,000 by late August 2024.

In a recent post on X, Kiyosaki shared his confidence in Bitcoin hitting the $350,000 mark by August 25 of this year. While acknowledging that this is just a prediction, he also revealed that he has been increasing his holdings in Bitcoin, Ethereum (ETH), and Solana (SOL). He attributes this move to his belief that the prices of these cryptocurrencies will continue to rise due to what he perceives as the incompetence of current leaders like President Biden, Treasury Secretary Yellen, and Fed Chair Powell.

Describing Biden, Yellen, and Powell as the “three stooges in real life,” Kiyosaki advised his followers to diversify their portfolios by investing in gold, silver, Bitcoin, Solana, and Ethereum as a means of protecting themselves from the actions of these leaders.

Kiyosaki emphasized that his prediction of Bitcoin reaching $350,000 by August 25, 2024, is not a lie but rather a speculative opinion. He has long been an advocate of investing in these assets to safeguard wealth in the face of inflation, mounting debt, and potential market instability.

Additionally, Kiyosaki has shown support for a bold forecast by Cathie Wood, CEO of ARK Invest, who suggested that Bitcoin could eventually reach a price of $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 inherent risks.