TL;DR
- Robert Kiyosaki predicts that Bitcoin will reach $350,000 by August 25, 2024.
- Kiyosaki bases his prediction on the incompetence of current political and economic leaders.
- He recommends investing in Bitcoin, Ethereum, Solana, gold and silver to protect against economic instability.
Robert Kiyosaki, the renowned investor and author of the book “Rich Dad Poor Dad”, has made a bold prediction: he believes that the price of Bitcoin (BTC) will reach $350,000 by August 25, 2024.
Through a publication on his X account, Kiyosaki clarified that this prediction is speculative and based on his opinion, not a certainty.
BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers bait, but it’s not a lie becuase any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to…
— Robert Kiyosaki (@theRealKiyosaki) June 5, 2024
However, he highlighted his confidence in this possibility due to what he perceives as poor management by current political and economic leaders.
Kiyosaki has been a strong supporter of Bitcoin and other cryptocurrencies such as Ethereum (ETH) and Solana (SOL), and continues to purchase these digital currencies.
He believes their prices will continue to rise, not only because of their intrinsic potential, but also because of the incompetence of key figures such as President Joe Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chairman Jerome Powell.
He calls these leaders “the three stooges,” in reference to the famous comedy series, and argues that their policies and decisions are leading the economy toward a crisis.
In addition to Bitcoin, Kiyosaki recommends purchasing gold and silver as a way to protect against inflation and market instability.
He has repeatedly warned about the risks of rising inflation, accumulated debt and possible instability in financial markets.
For him, these tangible and digital assets are a safe haven in times of economic uncertainty.
Investment and Protection in Bitcoin in Times of Uncertainty
Kiyosaki is not alone in his optimism about the future of Bitcoin.
It has also backed up the predictions of other financial experts such as Cathie Wood, CEO of ARK Invest, who has suggested that Bitcoin could reach $2.3 million per coin.
Although these figures may seem exaggerated to some, they reflect growing interest and confidence in the long-term potential of cryptocurrencies.
In the current context, where Bitcoin has seen a significant increase in its value, exceeding $70,000 in a year marked by the recovery of its price, Kiyosaki’s vision resonates with many investors.
This rally has been driven by a combination of factors, including increased institutional adoption and a perception of Bitcoin as a store of value asset against inflation.
Kiyosaki emphasizes that his confidence is not based solely on cryptocurrencies, but on his conviction in the ineptitude of current economic leaders.
For him, the incompetence of Biden, Yellen and Powell is a main catalyst that will drive investors to seek refuge in alternative assets such as Bitcoin, Ethereum and Solana.
Kiyosaki’s Bitcoin price prediction is bold and reflects his critical view of the current state of the global economy.
While some may view his views as extreme, his advice to diversify investments and protect wealth in times of economic uncertainty is an important reminder for investors.
Combining digital and tangible assets can offer a balanced strategy to mitigate risks and seize opportunities in an ever-changing financial landscape.
