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 soar to $350,000. He emphasizes that this prediction is based on speculation and opinion, not falsehood.
Kiyosaki’s confidence in this prediction stems from his lack of faith in the current U.S. leadership, particularly President Joe Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chair Jerome Powell. He believes that their incompetence will drive the value of Bitcoin to new heights.
This forecast has elicited mixed reactions from the community. While analyst Willy Woo acknowledges the possibility of Bitcoin reaching $350,000 by 2025 due to monetary debasement, he finds it unlikely without a significant bullish event in 2024. Others are skeptical of this projection, arguing that the chances of Bitcoin reaching such a high price are slim.
Looking back at Kiyosaki’s past predictions, in February, he forecasted that Bitcoin would reach $100,000 by mid-year. Currently, Bitcoin’s price stands at $70,965.41, showing a slight increase over the past week. To reach Kiyosaki’s $100,000 target, Bitcoin would need to surge by 40% this month.
In terms of investment strategy, Kiyosaki has been vocal about his support for Bitcoin, Ethereum, and Solana. He recently announced plans to purchase at least 10 Bitcoin tokens by April, aligning with the Bitcoin halving event that occurred on April 20. This event reduced miners’ rewards, making Bitcoin scarcer.
It’s important to note that the information presented in this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct thorough research before making any investment decisions. The opinions expressed in this article are solely those of the author and do not reflect The Crypto Basic’s stance.