Renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, has made a bold prediction regarding Bitcoin’s future value. Kiyosaki believes that by August 25, 2024, Bitcoin will reach an impressive $350,000, citing his lack of confidence in current U.S. leadership as a driving factor behind this forecast.
Kiyosaki’s prediction has sparked a range of reactions within the community. While some, like analyst Willy Woo, see the potential for Bitcoin to reach such heights by 2025, others are more skeptical, noting the challenges of achieving such a significant price increase. To put things into perspective, a $350,000 value would place Bitcoin’s market cap at $6.9 trillion, surpassing the combined valuations of tech giants Apple and Microsoft.
This is not the first time Kiyosaki has made predictions about Bitcoin. Earlier this year, he foresaw a rise to $100,000 by mid-year, when Bitcoin was priced at $52,013. Currently, Bitcoin is trading at $70,965.41, requiring a substantial increase to meet Kiyosaki’s latest projection. Despite a recent rise in price, Bitcoin still has a ways to go to reach the predicted value.
In addition to his predictions, Kiyosaki has been vocal about his investment strategy, which includes holdings in Bitcoin, Ethereum, and Solana. He recently announced plans to purchase at least 10 Bitcoin tokens by April, aligning this decision with the Bitcoin halving event that occurred on April 20.
It is important to note that the content of this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct their own research before making any investment decisions. The opinions expressed in this piece are solely those of the author and do not necessarily reflect the views of The Crypto Basic.