In a bold prediction, renowned author Robert Kiyosaki, famous for his book “Rich Dad Poor Dad,” has forecasted that Bitcoin will reach a staggering $350,000 by August 25, 2024. Kiyosaki emphasizes that this is not a lie but rather a prediction, a form of speculation, and an opinion based on his analysis of current economic trends and leadership.
Kiyosaki, a vocal advocate for cryptocurrencies, insists that his prediction, while ambitious, is grounded in his belief in the potential of digital assets like Bitcoin, Ethereum, and Solana. He clarifies, “It’s suckers bait, but it’s not a lie because any prediction about the future is not a lie. I want $350,000 Bitcoin to be a fact, and I want it to be true…. but it is only a prediction.”
While expressing his desire for Bitcoin to hit this target, Kiyosaki acknowledges that his confidence stems more from his skepticism towards the current U.S. leadership rather than the inherent stability of cryptocurrencies. He asserts,
“I am confident Bitcoin will hit $350,000 sometime in 2024, but for now, it’s only a target, a dream, and a wish. I keep buying more Bitcoin, Ethereum, and Solana because I am quite certain their prices will continue to rise.”
Bitcoin Benefits from ‘Three Stooges’ Economic Policies
Kiyosaki’s confidence is rooted in his critical view of President Joe Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chair Jerome Powell, whom he describes as the “Three Stooges.” He argues that their policies and decisions have led to economic instability, which, in his opinion, drives the value of alternative assets like cryptocurrencies higher. Kiyosaki states,
“What I am confident of is the incompetence of our leaders. Those three are the Three Stooges in real life, and I am very confident about their incompetence.”
In addition to cryptocurrencies, Kiyosaki advises investing in gold and silver to safeguard against potential economic downturns. “Take care. Buy more gold, silver, Bitcoin, Solana, and Ethereum. Protect yourself from the Three Stooges,” he urges his followers.
As with any financial forecast, Kiyosaki’s prediction should be viewed with caution. The cryptocurrency market is notoriously volatile, and while his confidence may inspire some, others might remain skeptical of such high projections for Bitcoin’s future value.