Robert Kiyosaki, the well-known financial guru and author of the bestselling book Rich Dad Poor Dad, recently made a bold prediction regarding the price of Bitcoin (BTC). In a tweet, Kiyosaki confidently stated that he believes BTC will reach a staggering $350,000 by August 25. While Kiyosaki acknowledged that his prediction could be considered a form of “suckers bait,” he defended it as mere speculation and opinion rather than falsehood.
Background
For years, Kiyosaki has been a strong advocate of Bitcoin, alongside gold and silver, as essential assets for individuals and entities looking to safeguard themselves against the potential collapse of the US dollar. Earlier in the year, he had predicted that BTC would hit $100,000 by June 2024 and $300,000 by the end of the year. However, as of the current moment, BTC has yet to surpass its previous all-time high of $73,700, remaining at around $71,000.
Despite the lack of any significant events or upgrades in the Bitcoin ecosystem that could trigger a rally to push the price beyond $300,000 in the next two months, Kiyosaki remains resolute in his prediction. He attributes his confidence to what he perceives as the incompetence of US leaders, including President Joe Biden, Fed chair Jerome Powell, and Treasury Secretary Janet Yellen. Kiyosaki has even gone as far as calling them “stooges” for their handling of the country’s financial affairs.
In addition to Bitcoin, Kiyosaki has now added Ethereum (ETH) and Solana (SOL) to his list of safe-haven assets, alongside gold and silver. He encourages his followers to invest in these cryptocurrencies and precious metals as a means of protecting themselves from what he sees as the impending economic turmoil caused by the actions of the US leaders. Despite his confidence in Bitcoin reaching $350,000 in the future, Kiyosaki emphasizes that this target remains a dream and a wish.
While Robert Kiyosaki’s prediction of Bitcoin hitting $350,000 by August 25 may seem overly optimistic to some, it is clear that he is unwavering in his support of cryptocurrency as a vital component of a diversified investment portfolio. Whether or not his forecast comes to fruition remains to be seen, but one thing is certain – Kiyosaki’s bold predictions continue to capture the attention of the financial world.