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Robert Kiyosaki Predicts Bitcoin Will Reach $350,000 by August 25 and Shares Enthusiasm for Other Crypto Players
Robert Kiyosaki Predicts Bitcoin Will Reach $350,000 by August 25 and Shares Enthusiasm for Other Crypto Players
After rising nearly 58% year to date, Bitcoin is making a strong comeback.
According to Robert Kiyosaki, author of “Rich Dad, Poor Dad,” even better days may be on the horizon, very soon.
Not to be missed
“BITCOIN will be $350,000 by August 25, 2024 is not a lie,” he he wrote in a recent post on X. “It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s idiot bait, but it’s not a lie because any prediction about the future is not a lie.
Kiyosaki then expressed confidence that the price of bitcoin will reach $350,000 “in 2024,” but noted that it is only “a goal, a dream and a wish.”
His message seems to have struck a chord. At the time of publication, the post had garnered 3.5 million views, 21,500 likes and 2,300 comments.
“I keep buying more”
Considering that bitcoin currently trades at around $69,000 each, Kiyosaki’s price target is undeniably optimistic. To reach $350,000 by August 25, the price of the world’s largest cryptocurrency would have to increase 400% in less than three months.
Kiyosaki’s optimism goes beyond just bitcoin. He is also enthusiastic about other players in the cryptocurrency space.
“I keep buying more Bitcoin, Ethereum and Solana, because [I’m] quite certain that their prices will continue to rise,” he said.
The reason for his bullish outlook does not stem from the cryptocurrency sector itself, but has to do with the current US leadership.
“Why am I so confident? Is it because I’m confident in BC, Ethereum and Solana? My answer is no”. What I have faith in is the incompetence of our leaders, President Biden, Treasury Secretary Yellin, and Fed Chair Powell,” she said bluntly.
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Kiyosaki takes a critical view of these three leaders, stating, “Those three are the 3-Stooges in real life and I’m sure, I’m very confident about their incompetence.”
This is not the first time Kiyosaki, who co-authored a book with former President Donald Trump, has criticized the Biden administration’s economic policies.
The story continues
In August 2023, after Yellen praised Biden’s economic strategies, Kiyosaki turned to request“What’s he smoking?”
“Have you done any shopping lately? Have you filled your gas tank lately? How many businesses are closing? How about credit card debt? The worst leaders in the history of Biden’s team.”
And in December, Kiyosaki criticized Biden for rising gas prices.
“Higher gas prices is what Biden and the Marxists want…Biden is a puppet of woke liberals. He is the worst and weakest president in history. He has been bought and paid for,” he has he wrote.
For those who share his concerns, Kiyosaki offered suggestions on how to protect themselves from the impacts of government policies, naming five assets, not just cryptocurrencies.
“Deal. Buy more gold, silver, Bitcoin, Solana and Ethereum. Protect yourself from the 3-Stooges,” he wrote.
Kiyosaki did not elaborate further on the reasoning behind his suggestion. However, the famous author has long been a supporter of precious metals. Last October, he expected, “Gold will soon surpass $2,100 and then take off. You’ll wish you bought gold under $2,000. Next stop gold $3,700.
Kiyosaki also likes silver. “Silver from $23 to $68 an ounce,” he said at the time, predicting a notable upside for the precious metal.
Gold has already crossed the $2,100 mark and is now trading at $2,304 an ounce. Silver has also rallied in 2024, currently sitting at around $29.60 an ounce.
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This article provides information only and should not be construed as advice. It is provided without warranties of any kind.