Renowned investor and author Robert Kiyosaki has surprised the cryptocurrency community with a bold prediction that Bitcoin will reach $350,000 within the next three months.
Fountain of the Wishes
Kiyosaki, best known for his book “Rich Dad Poor Dad”, made this crazy forecast on social media platform X, claiming that Bitcoin will hit the $350,000 mark by August 2024.
„BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers bait, but it’s not a lie becuase any prediction about the future is not a lie.”
Kiyosaki also expressed his confidence in Bitcoin, Ethereum, and Solana, indicating that he is increasing his holdings in these cryptocurrencies, and as always, he criticized President Biden and SEC Chair Gary Gensler, suggesting that their leadership is lacking competence and urging people to protect themselves from them.
Such a crazy price target we have here! What about doubling down?
Kiyosaki has been a vocal, many says maybe a little too loud supporter of Bitcoin and other cryptocurrencies, often making bold price predictions.
Earlier this year, he predicted that Bitcoin would reach $100,000 by June 2024, and given Bitcoin’s current price trajectory, that prediction seems very unlikely to come true.
His latest forecast of $350,000 by August 2024 implies a nearly 5X increase from its current price, which is possible, but also, very unlikely.
Despite the bullish catalysts like spot ETFs, Bitcoin has only grown by 70% year-to-date, making Kiyosaki’s forecast seem overly optimistic.
But we can’t deny his predictions draw big attention due to his prominent status and past financial insights.
The demand is visible
Kiyosaki’s predictions, while often ambitious, let me say this, reflect a general optimism about the potential of cryptocurrencies.
Julio Moreno, Head of Research at CryptoQuant, notes that Bitcoin and Ethereum are poised for steady growth driven by demand both from long-term holders and large investors.
Currently, Bitcoin is trading around $71,000, with little movement in the last 24 hours, and while Kiyosaki’s prediction may seem ideed crazy, it clearly shows the speculative sentiment around the crypto markets and the wide range of opinions on its future.
Simply say, we have no idea what will happen.
