"Rich Dad, Poor Dad" Author Predicts Bitcoin to Hit $350K by August
Renowned investor and author Robert Kiyosaki has predicted that Bitcoin will reach $350,000 by August 25, 2024. This prediction, shared on social media platform X, reflects his confidence in the continued growth of Bitcoin, Ethereum, and Solana. Kiyosaki also criticized President Joe Biden and SEC Chair Gary Gensler, labeling them as "incompetent" and advising people to protect themselves from what he terms the "3-Stooges". His predictions come amidst his critical view of the current U.S. political leadership and economic strategies.
Despite Kiyosaki's bullish outlook, some experts consider his prediction unrealistic given Bitcoin's current trading price and market trends. Julio Moreno, Head of Research at CryptoQuant, suggests that Bitcoin and Ethereum's growth will be driven by sustained demand from long-term investors and large holders, rather than the rapid increases suggested by Kiyosaki. Bitcoin is currently trading at around $71,000, and reaching $350,000 would require a significant and unprecedented increase in value within a short timeframe. Nonetheless, Kiyosaki remains a vocal advocate for cryptocurrency investments, encouraging investors to consider digital assets as a hedge against economic uncertainty.
