As he continues to warn about a financial crisis in the United States and the world, popular investor and author Robert Kiyosaki has predicted that one of his favorite assets to help protect oneself against this economic demise – Bitcoin (BTC) – could hit the price of $350,000 by late August 2024.
Specifically, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ expressed his confidence that the maiden cryptocurrency would reach the stellar price of $350,000 by August 25 this year, although acknowledging it is only a prediction, per his X post on June 6.
Furthermore, Kiyosaki pointed out that he continued to buy more Bitcoin but also Ethereum (ETH) and Solana (SOL) because he was “quite certain their prices will continue to rise” because of the “incompetence of our leaders, President Biden, Treasury Secretary Yellin, and Fed Chair Powell.”
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Indeed, referring to US President Joe Biden, Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell as the “three stooges in real life,” the finance educator advised his followers to buy more gold, silver, Bitcoin, Solana, and Ethereum,” to protect themselves from them.
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As a reminder, Kiyosaki has long recommended stocking up on the above assets to safeguard one’s wealth, alongside warnings about inflation, mounting debt, and potential market instability, as well as that traditional financial products like stocks and bonds were in an ‘everything bubble.’
In terms of Bitcoin’s future, he has also supported a bold prognosis by Cathie Wood, the founder and CEO of ARK Invest, which manages several exchange-traded funds (ETFs), who previously said that Bitcoin could hit a staggering price of $2.3 million per wholecoin.
At the moment, the flagship decentralized finance (DeFi) asset is trading above the critical psychological level at $70,000, after spending the majority of the past several weeks below it, and in continuation of a bullish year that has witnessed its advance of nearly 70% since the start of 2024.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
