R Kiyosaki foresees Bitcoin reaching 350k by this specific date

Renowned investor and bestselling 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 favorite assets for hedging against economic turmoil – could reach a price of $350,000 by late August 2024.

In a recent post on X, Kiyosaki expressed his confidence in Bitcoin reaching this impressive milestone by August 25 of this year. He emphasized that while this is a prediction, he continues to buy more Bitcoin, as well as Ethereum (ETH) and Solana (SOL), anticipating that their prices will continue to climb due to what he perceives as the incompetence of current leaders like President Biden, Treasury Secretary Yellen, and Fed Chair Powell.

Referring to these figures as the “three stooges in real life,” Kiyosaki advised his followers to also consider investing in gold, silver, Ethereum, and Solana to protect themselves from the potential fallout caused by these leaders.

Kiyosaki’s predictions have sparked debate and speculation, with some likening it to “suckers bait” but acknowledging that any prediction about the future is not a lie, but rather an opinion or speculation.

Kiyosaki has long been an advocate for diversifying one’s portfolio with assets like Bitcoin, gold, and silver to safeguard against inflation, mounting debt, and market instability. He has also supported a bold prediction by Cathie Wood, founder and CEO of ARK Invest, who believes Bitcoin could potentially reach a price of $2.3 million per wholecoin.

Currently, Bitcoin is trading above the crucial $70,000 mark, following a bullish trend that has seen it surge by nearly 70% since the beginning of 2024. Despite this positive momentum, investors should exercise caution and remember that all investments come with risks, and the information provided should not be considered as investment advice.