The post Robert Kiyosaki Predicts Bitcoin (BTC) Price to Hit $350K by August 2024 appeared first on Coinpedia Fintech News
Bitcoin’s price surged past $71,000, driven by $886 million inflows into U.S. spot Bitcoin ETFs and weak U.S. economic data suggesting potential Federal Reserve rate cuts. Analysts hint at the possibility of new highs this week, especially if weak U.S. economic data continues to support the case for rate cuts.
Adding to the excitement, Robert Kiyosaki, the renowned author and investment guru, has set a staggering $350,000 Bitcoin price target.
BTC $3,50,000: Prediction, Not a Lie
In a recent tweet, Kiyosaki predicted that Bitcoin will reach $350,000 by August 25, 2024. He clarified that this is a speculative opinion, not a guaranteed fact, but he stands by his belief in the potential growth of Bitcoin and other cryptocurrencies like Ethereum, and Solana.
Kiyosaki stated, “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.” He hopes for Bitcoin to reach this price point, acknowledging it as a target, a dream, and a wish.
His prediction is not just a random guess but is based on various economic indicators and his critical view of current political leadership. According to Kiyosaki, this is not about certainty but about the possibilities amid current economic strategies or the lack thereof.
Criticism of Current U.S. Leadership
Kiyosaki’s prediction comes from his strong criticism of current U.S. leaders, not from blind faith in Bitcoin, Ethereum, and Solana. He criticized President Joe Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chair Jerome Powell, calling them “the 3-Stooges in real life.”
Reflecting his lack of trust in their ability to manage the economy. Meanwhile, he thinks their “incompetence” will cause traditional assets to lose value, making cryptocurrencies a safer haven.
2024 US Election on the Line
With the 2024 US presidential election just 5 months away, it remains to be seen which candidate will bring more clarity to the crypto industry and adopt cryptocurrency into the mainstream. Recently, presidential candidate Donald Trump announced that his campaign will start accepting donations in cryptocurrency.
Kiyosaki Message For Investors
Kiyosaki advised investors to protect themselves from what he sees as government incompetence by investing in gold, silver, Bitcoin, Ethereum, and Solana. He believes these investments can help guard against economic uncertainty and potential mismanagement by current leaders.
