As he continues to warn about a financial crisis in the United States and the world, popular investor and author Robert Kiyosaki has predicted that one of his favorite assets to help protect oneself against this economic demise – Bitcoin (BTC) – could hit the price of $350,000 by late August 2024.
Robert Kiyosaki is doubling down on his bullish Bitcoin prediction, saying that the apex cryptocurrency will hit $350,000 by late August 2024.
In a X post on June 6, Kiyosaki shared his optimism, stating that BTC is set to reach the price of $350,000 by August 25 this year, though adding that this is merely a prediction.
The author of the best-selling personal finance book ‘Rich Dad Poor Dad’ went on to say that he is continuing to buy more Bitcoin, as well as Ethereum and Solana, because he is “quite certain their prices will continue to rise” due to the “incompetence of our leaders, President Biden, Treasury Secretary Yellin, and Fed Chair Powell.”
Referring to US President Joe Biden, Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell as the “three stooges in real life,” Kiyosaki advised his followers to buy more gold, silver, Bitcoin, Solana, and Ethereum to protect themselves from them.
“BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers bait, but it’s not a lie becuase any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to ...”, Kiyosaki wrote.
As a reminder, Kiyosaki has frequently recommended stocking up on the above assets to safeguard one's wealth, while also cautioning about inflation, rising debt, and possible market volatility, and that traditional financial products like stocks and bonds were in an ‘everything bubble.’
In terms of Bitcoin’s future, he has also backed a bold prognosis by Cathie Wood, the founder and CEO of ARK Invest, which notably runs several exchange-traded funds (ETFs), who previously stated that Bitcoin could hit a staggering price of $2.3 million per wholecoin.
Currently, the leading decentralized finance (DeFi) asset is trading above the critical psychological level of $70,000, having spent the majority of the past several weeks trading below it, in continuation of a bullish year that has seen BTC advance by nearly 70% since the start of 2024.
