Famend private finance writer Robert Kiyosaki has predicted Bitcoin will attain $350,000 by August 25, 2024. The Wealthy Dad, Poor Dad author has lengthy been a Bitcoin bull, touting Bitcoin as onerous cash options.
NEW: Wealthy Dad, Poor Dad writer predicts #Bitcoin will attain $350,000 by August 2024.Are you ready? 🙌 pic.twitter.com/6Isr7UZUVT
— Bitcoin Journal (@BitcoinMagazine) June 6, 2024
In a current X put up, Kiyosaki projected Bitcoin to hit $350,000 based mostly on his lack of religion in U.S. management. He labelled President Biden, Treasury Secretary Janet Yellen, and Fed Chair Jerome Powell as “the three Stooges in actual life” and mentioned he was assured of their incompetence.
Kiyosaki suggested shopping for extra Bitcoin to guard in opposition to poor financial stewardship. He has often criticized the U.S. authorities’s stimulus spending and money-printing insurance policies below Biden.
Whereas a long-term Bitcoin believer, Kiyosaki’s $350,000 goal inside two months is a particularly bullish projection. For bitcoin to succeed in that worth by August, it might must surge over 380% from present ranges close to $71,000.
Nonetheless, the writer sees potential for explosive Bitcoin progress forward, calling his prediction “not a lie.” Kiyosaki endorsed Ark Make investments’s $2.3 million long-term Bitcoin worth forecast earlier this yr.
The daring projection follows surging inflows into U.S. spot Bitcoin ETFs, which noticed their second-highest each day haul ever on Tuesday at over $880 million.Â
Enhancing mainstream acceptance has buoyed Kiyosaki’s outlook. With main monetary centres like Australia, the U.Okay., and the U.S. embracing spot bitcoin ETFs, confidence is rising.Â
Whereas $350,000 by August seems overly optimistic, the writer advocates Bitcoin’s potential as a hedge in opposition to what he views as unsound authorities insurance policies. Kiyosaki urges traders to proceed accumulating positions in Bitcoin.
