Renowned financial author Robert Kiyosaki, known for his bestseller “Rich Dad, Poor Dad,” recently made a bold prediction about the price of Bitcoin on social media. He forecasted that the value of BTC would exceed US$100,000 in the upcoming months, aiming for a staggering $350,000 by August 25, 2024.
While some may view Kiyosaki’s prediction as mere speculation, he emphasized that it is not a lie but rather a goal, a dream, and a desire. This optimistic outlook on Bitcoin’s future surpasses his previous estimations, where he suggested reaching US$100,000 by June and US$300,000 by the end of 2024. Currently, Bitcoin is trading around US$71,000, still below its all-time high of US$73,700.
In addition to his bullish stance on Bitcoin, Kiyosaki expressed support for other cryptocurrencies like Ethereum (ETH) and Solana (SOL), which he considers as “safe assets” alongside gold and silver. Encouraging his followers to invest in these assets, Kiyosaki believes their prices will continue to soar, serving as a hedge against the potential devaluation of the US dollar.
Kiyosaki’s confidence in his prediction stems partly from his criticism of US economic policies, particularly targeting figures such as President Joe Biden, Federal Reserve Chairman Jerome Powell, and Treasury Secretary Janet Yellen, whom he labeled as “puppets.”
Despite Kiyosaki’s conviction, the cryptocurrency community remains divided on the feasibility of such a steep price increase for Bitcoin within a short timeframe, citing the absence of significant catalysts to drive such a surge.
Disclaimer: The opinions expressed by the author and individuals mentioned in this article are for informational purposes only and do not constitute financial advice. Investing in cryptocurrencies carries inherent risks of financial loss.
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