Renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, has made a bold prediction about Bitcoin, suggesting that the cryptocurrency will soar to $350,000 by August 25, 2024. Kiyosaki attributes his optimistic forecast to the perceived incompetence of current U.S. leadership, including President Joe Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chair Jerome Powell.
While some analysts like Willy Woo believe that reaching a $350,000 price for Bitcoin by 2025 is statistically possible if monetary debasement continues, others doubt the likelihood of it happening by 2024 without a significant bullish event. This price point would propel Bitcoin’s market cap to $6.9 trillion, surpassing the combined valuations of tech giants Apple and Microsoft.
This isn’t Kiyosaki’s first Bitcoin prediction. In February, he anticipated that Bitcoin would reach $100,000 by mid-year. Currently, Bitcoin is priced at $70,965.41, showing a slight increase over the last 24 hours and a 4.28% rise over the past week. To meet Kiyosaki’s $100,000 target, Bitcoin would need to surge by 40% this month. The current price is still 3.82% lower than its all-time high of $73,737.94 in March 2024.
Kiyosaki has been vocal about his investment strategy, endorsing Bitcoin, Ethereum, and Solana. He recently announced plans to purchase at least 10 Bitcoin tokens by April, amounting to around $709,650 at current prices. His decision coincided with the Bitcoin halving event on April 20, which reduced miners’ rewards, making Bitcoin scarcer.
It is important to note that this article serves as informational content and should not be taken as financial advice. The opinions expressed are solely those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.