In a controversial statement, Robert Kiyosaki, the famous financial expert and author of the book “Rich Dad, Poor Dad,” expressed his confidence that the price of Bitcoin (BTC) will reach the level of $350,000 by August 25, 2024.
Kiyosaki Bitcoin price analysis:
In a recent tweet, Kiyosaki revealed his bold predictions, saying:
I think Bitcoin will reach $350,000 by next August.
He added that these predictions may be just wishes or speculation, but they are not far from reality.
He stressed that these expectations reflect his personal vision of what could happen in the near future.
Reason for positive expectation:
Kiyosaki has been known for his strong support of Bitcoin for years, encouraging investment in cryptocurrencies, gold and silver as assets that preserve value, noting that they are necessary to adapt to potential economic crises.
This opinion stems from his belief that the dollar faces significant collapse risks.
Earlier this year, Kiyosaki had predicted that Bitcoin would reach $100,000 in June 2024, and $300,000 by the end of the year.
Currently, the price of Bitcoin remains close to its historical highest levels at $73,700, which leads some to question the realisticness of its new forecasts.
Kiyosaki's new forecast, which exceeds his previous forecast to reach $300,000 by the end of the year, raises many questions about the reasons for his great confidence.
Kiyosaki attributes this confidence to what he sees as incompetence in American leadership, including President Joe Biden, Federal Reserve Chairman Jerome Powell, and Treasury Secretary Janet Yellen.
He stressed that although these expectations may seem ambitious, he sees the incompetence of these leaders as a reason to support his expectations.
Currently, it remains to be seen whether Kiyosaki’s predictions will come true or not, but what is certain is that the market, as he referred to it, may carry with it surprises that cannot be easily predicted.
