Renowned personal finance author Robert Kiyosaki has made a bold prediction for Bitcoin, forecasting that the cryptocurrency will reach $350,000 by August 25, 2024. Known for his best-selling book “Rich Dad, Poor Dad,” Kiyosaki has long been a supporter of Bitcoin, referring to it as a hard money alternative.
In a recent statement, Kiyosaki expressed his lack of confidence in U.S. leadership, particularly targeting President Biden, Treasury Secretary Janet Yellen, and Fed Chair Jerome Powell as “the 3 Stooges in real life.” He believes that their incompetence will lead to economic instability and advised investors to protect themselves by investing in Bitcoin.
While Kiyosaki’s $350,000 price target for Bitcoin within the next two months is considered extremely bullish, he stands by his prediction, citing the potential for explosive growth in the cryptocurrency. He has previously endorsed Ark Invest’s long-term Bitcoin price forecast of $2.3 million.
The author’s optimistic outlook is supported by the increasing inflows into U.S. spot Bitcoin ETFs, which recently saw a significant daily haul of over $880 million. The growing mainstream acceptance of Bitcoin, with countries like Australia, the U.K., and the U.S. embracing spot Bitcoin ETFs, has also contributed to Kiyosaki’s positive stance on the cryptocurrency.
While some may view Kiyosaki’s projection as overly optimistic, he continues to advocate for Bitcoin as a hedge against what he perceives as unsound government policies. He encourages investors to consider accumulating positions in Bitcoin as a means of protecting their wealth.
