The author of Rich Dad, Poor Dad predicts that Bitcoin will hit $350,000.
Renowned personal finance author Robert Kiyosaki predicted that Bitcoin will reach $350,000 by August 25, 2024. The Rich Dad, Poor Dad author has long been a Bitcoin bull, touting Bitcoin as a hard currency alternative.
NEW: Rich Dad, Poor Dad Author Predicts #Bitcoin It will reach $350,000 by August 2024.
Are you ready? 🙌 pic.twitter.com/6Isr7UZUVT
— Bitcoin Magazine (@BitcoinMagazine) June 6, 2024
In a recent He called President Biden, Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell the “three forces of reality” and said he was convinced of their incompetence.
Kiyosaki advised buying more Bitcoin to protect against poor economic management. He has frequently criticized the U.S. government’s stimulus spending and money-printing policies under Biden.
As a long-term Bitcoin believer, Kiyosaki’s target of $350,000 within two months is a very optimistic outlook. Bitcoin would need to surge more than 380% from its current level near $71,000 to reach that price by August.
Nevertheless, the author believes that Bitcoin has the potential for explosive growth in the future, saying that his prediction is “not a lie.” Kiyosaki endorsed Ark Invest’s $2.3 million long-term Bitcoin price prediction earlier this year.
The bold outlook follows a surge in inflows into U.S. spot Bitcoin ETFs, which saw their second-highest daily trading volume on Tuesday at more than $880 million.
As mainstream acceptance improved, Kiyosaki’s prospects improved. Confidence is growing as major financial centers such as Australia, the UK, and the US embrace spot Bitcoin ETFs.
While $350,000 by August seems overly optimistic, the author defends Bitcoin’s potential as a hedge against government policies he considers unsound. Kiyosaki urged investors to continue accumulating Bitcoin positions.
