Renowned financial guru Robert Kiyosaki, best known for his book “Rich Dad, Poor Dad”, recently took to social media to make a bold prediction about the price of Bitcoin. He confidently stated that he believes Bitcoin will surpass $100,000 in the near future, with a projected value of $350,000 by August 25, 2024.
While some may view Kiyosaki’s prediction as mere speculation, he clarifies that it is not a lie but rather a goal, dream, and desire. This optimistic outlook on the future of the leading cryptocurrency is a shift from his previous forecasts, where he anticipated Bitcoin reaching $100,000 by June and $300,000 by the end of 2024. Currently, Bitcoin is trading around $71,000, still below its all-time high of $73,700.
In addition to his enthusiasm for Bitcoin, Kiyosaki also expresses support for other cryptocurrencies like Ethereum and Solana, which he considers as “safe assets” alongside gold and silver. He continues to invest in Bitcoin, Ethereum, and Solana, believing that their prices will only continue to rise, advising his followers to do the same to safeguard against potential depreciation of the US dollar.
Kiyosaki’s confidence in his prediction stems from his criticism of US economic management, particularly targeting figures like President Joe Biden, Federal Reserve Chairman Jerome Powell, and Treasury Secretary Janet Yellen, whom he refers to as “puppets”. However, the cryptocurrency community remains divided on the feasibility of such a rapid increase in Bitcoin’s price without any significant catalysts.
It is important to note that the views expressed by Kiyosaki and others mentioned in this article are solely for informational purposes and do not serve as financial or investment advice. Investing in cryptocurrencies carries inherent risks of financial loss.
In a separate development, a key supplier utilized by crypto companies may have been compromised, as warned by Tether CEO, raising concerns in the industry. Meanwhile, Thailand has approved its first spot Bitcoin ETF, indicating a growing acceptance and adoption of digital assets in the mainstream financial sector.