R Kiyosaki forecasts Bitcoin to reach 350k by a specific future date

Renowned investor and author Robert Kiyosaki, known for his warnings about an impending financial crisis, has made a bold prediction regarding Bitcoin (BTC). Kiyosaki believes that Bitcoin could skyrocket to $350,000 by late August 2024, offering a safe haven against economic turmoil.

In a recent post on June 6, the author of the popular finance book ‘Rich Dad Poor Dad’ expressed his confidence in Bitcoin reaching this milestone by August 25. While acknowledging that this is merely a prediction, Kiyosaki continues to advocate for investing in Bitcoin, as well as other cryptocurrencies like Ethereum (ETH) and Solana (SOL).

Kiyosaki attributes the potential rise in cryptocurrency prices to what he perceives as the incompetence of current leaders such as President Biden, Treasury Secretary Yellin, and Fed Chair Powell. Referring to them as the “three stooges in real life,” Kiyosaki advises his followers to diversify their portfolios by investing in assets like gold, silver, Bitcoin, Ethereum, and Solana.

The investor emphasizes that his prediction of Bitcoin reaching $350,000 is not a lie, but rather a speculative opinion. He encourages followers to prepare for potential market instability by investing in alternative assets like cryptocurrencies.

Kiyosaki’s long-standing recommendation to invest in assets like Bitcoin, gold, and silver as a safeguard against inflation and mounting debt aligns with his current stance on the market. He also supports the optimistic outlook of Cathie Wood, CEO of ARK Invest, who believes Bitcoin could potentially reach $2.3 million per coin.

Currently, Bitcoin is trading above $70,000, marking a bullish trend that has seen its value increase by nearly 70% since the beginning of 2024. As the cryptocurrency market continues to evolve, Kiyosaki’s predictions and investment advice remain influential in the financial landscape.