R Kiyosaki forecasts Bitcoin reaching 350k by this specific date
Renowned investor and author, Robert Kiyosaki, has been sounding the alarm about an impending financial crisis in the United States and globally. In a bold prediction, he has suggested that Bitcoin (BTC) – one of his preferred assets for hedging against economic turmoil – could skyrocket to $350,000 by late August 2024.
Kiyosaki, best known for his bestselling book ‘Rich Dad Poor Dad,’ confidently stated that he expects Bitcoin to reach this impressive price milestone by August 25 this year. While he acknowledges that this is merely a prediction, he shared his forecast in a recent post on X on June 6.
In addition to Bitcoin, Kiyosaki revealed that he has been increasing his holdings in Ethereum (ETH) and Solana (SOL), anticipating continued price appreciation. He attributed this bullish outlook to what he perceives as the incompetence of key leaders such as President Biden, Treasury Secretary Yellen, and Fed Chair Powell.
Referring to these figures as the “three stooges in real life,” the financial educator advised his followers to diversify their portfolios by investing in assets like gold, silver, Bitcoin, Solana, and Ethereum as a means of protecting themselves from potential economic instability.
Kiyosaki’s investment philosophy has long emphasized the importance of holding these assets to safeguard wealth, particularly in light of concerns about inflation, rising debt levels, and market volatility. He has also endorsed a bold prediction by Cathie Wood, CEO of ARK Invest, who suggested that Bitcoin could reach an astonishing price of $2.3 million per coin.
Currently, Bitcoin is trading above the key psychological level of $70,000, marking a significant increase of nearly 70% since the beginning of 2024. This bullish trend reflects a positive year for the flagship cryptocurrency, despite periods of volatility.
It is important to note that the information provided in this article should not be construed as investment advice. All investments carry inherent risks, and individuals should exercise caution when making financial decisions.