Renowned investor and author Robert Kiyosaki has sparked interest among cryptocurrency enthusiasts with his bold prediction that Bitcoin could reach $350,000 in less than three months.
“It’s a prediction, speculation, an opinion, but not a falsehood,” wrote the author of “Rich Dad Poor Dad.” “I believe Bitcoin will reach $350,000 at some point in 2024, though currently, it remains a target, a hope, and a goal.”
Robert Kiyosaki’s Bold Bitcoin Prediction and Investment Strategy
Robert Kiyosaki made a bold projection on social media platform X, stating that he believes Bitcoin will hit $350,000 by August 2024. He also expressed confidence in Bitcoin, Ethereum, and Solana, indicating his intention to acquire more of these cryptocurrencies as he expects their prices to continue rising.
Robert Kiyosaki bold projection on social media platform X
In addition to discussing cryptocurrency investments, the author of the best-selling personal finance book criticized President Joe Biden and SEC Chair Gary Gensler. Kiyosaki expressed skepticism about their leadership, referring to them as “incompetent” and advising people to protect themselves from what he termed the “3-Stooges,” which includes Treasury Secretary Yellen and Fed Chair Powell.
Robert Kiyosaki’s Bold Predictions and Market Realities
Robert Kiyosaki, a vocal advocate of Bitcoin and cryptocurrencies, is known for making bold price predictions. Earlier this year, he forecasted on X that Bitcoin would reach $100,000 by June 2024. However, given Bitcoin’s current trajectory, this target appears increasingly unlikely.
Now, Kiyosaki has made another striking prediction that Bitcoin will surge to $350,000 by August 2024, implying a nearly 5X increase from its current price. This forecast seems optimistic considering Bitcoin has only grown by 70% year-to-date, despite favorable factors like the introduction of spot ETFs.
In contrast to Kiyosaki’s projections, Julio Moreno, Head of Research at CryptoQuant, suggests that Bitcoin and Ethereum are set for steady growth driven by sustained demand from long-term investors and large holders.
Source: X
As of the latest update, Bitcoin (BTC) was trading at $71,099.25, showing minimal movement over the past 24 hours.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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