Robert Kiyosaki Predicts Bitcoin Price Will Reach $350,000 by August 2024

Kiyosaki criticizes Biden, Yellen, Powell, labeling them "the 3-Stooges" for economic mismanagement. All eyes on 2024 U.S. election as it will influence cryptocurrency adoption and regulatory clarity.

Robert Kiyosaki, author of the renowned book "Rich Dad Poor Dad," has set a bold price target for Bitcoin (CRYPTO: BTC) of $350,000 by Aug. 25, 2024.

While some may view this prediction as overly optimistic, Kiyosaki himself acknowledges that it is merely an opinion, a speculative statement that cannot be definitively labeled as a lie.

In a recent tweet, Kiyosaki elaborated on his prediction, stating, "Any prediction about the future is not a lie. I want $350,000 BTC to be a fact, and I want it to be announced on August 25, 2024. It's a target, a dream, a wish. It's not a lie. Good luck, and God bless."

Kiyosaki's price target is not simply a random guess; it is rooted in his critical assessment of current economic strategies and his pessimism toward the leadership of President Joe Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chair Jerome Powell, whom he collectively refers to as "the 3-Stooges in real life."

In Kiyosaki's view, the incompetence of these leaders will inevitably lead to a decline in the value of traditional assets, rendering cryptocurrencies a more attractive and safer haven for investors.

With the 2024 U.S. presidential election now less than five months away, the candidates' stance on cryptocurrency is bound to influence its mass adoption and regulatory clarity.

Recently, former President Donald Trump, who is seeking the Republican nomination, announced that his campaign will begin accepting donations in cryptocurrency.

Kiyosaki, known for his strong advocacy for financial literacy and skepticism toward government overreach, has consistently advised investors to protect themselves from what he perceives as government incompetence.

In this vein, he has recommended investing in gold, silver, Bitcoin, Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL) to safeguard against economic uncertainty and potential mismanagement by current leaders.