R Kiyosaki forecasts Bitcoin reaching 350k by 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 preferred assets to hedge against economic turmoil, could reach a price of $350,000 by the end of August 2024.

Kiyosaki, known for his bestselling book ‘Rich Dad Poor Dad’, expressed confidence in Bitcoin reaching the impressive $350,000 mark by August 25, stating that it is a prediction in a recent post on June 6. He emphasized his belief by stating that he is increasing his holdings in Bitcoin, Ethereum (ETH), and Solana (SOL) due to his conviction that their prices will continue to rise. He attributed this expected increase to what he perceives as incompetence among US 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 urged his followers to diversify their portfolios by adding assets such as gold, silver, Bitcoin, Solana, and Ethereum as a shield against their actions.

Kiyosaki clarified that his prediction of Bitcoin reaching $350,000 by August 25, 2024 is not a lie, but rather a speculative opinion. He highlighted the importance of preparing for potential inflation, rising debt, and market instability by investing in alternative assets like Bitcoin, as traditional financial products like stocks and bonds may be part of an ‘everything bubble’.

In addition to his own prediction, Kiyosaki has supported a bold forecast from Cathie Wood, the CEO of ARK Invest, who suggested that Bitcoin could potentially reach a price of $2.3 million per wholecoin. Currently, Bitcoin is trading above $70,000 after a bullish year that has seen its value increase by 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 is speculative and carries inherent risks to capital.