Wealthy Dad, Poor Dad Writer Predicts Bitcoin to Hit $350,000

Posted on by pronewsblog.com
2 min read

Famend private finance writer Robert Kiyosaki has predicted Bitcoin will attain $350,000 by August 25, 2024. The Wealthy Dad, Poor Dad author has lengthy been a Bitcoin bull, touting Bitcoin as laborious cash alternate options.

In a current X put up, Kiyosaki projected Bitcoin to hit $350,000 based mostly on his lack of religion in U.S. management. He labelled President Biden, Treasury Secretary Janet Yellen, and Fed Chair Jerome Powell as “the three Stooges in actual life” and stated he was assured of their incompetence.

Kiyosaki suggested shopping for extra Bitcoin to guard towards poor financial stewardship. He has continuously criticized the U.S. authorities’s stimulus spending and money-printing insurance policies beneath Biden.

Whereas a long-term Bitcoin believer, Kiyosaki’s $350,000 goal inside two months is a particularly bullish projection. For bitcoin to succeed in that value by August, it will have to surge over 380% from present ranges close to $71,000.

Nonetheless, the writer sees potential for explosive Bitcoin progress forward, calling his prediction “not a lie.” Kiyosaki endorsed Ark Make investments’s $2.3 million long-term Bitcoin value forecast earlier this 12 months.

The daring projection follows surging inflows into U.S. spot Bitcoin ETFs, which noticed their second-highest each day haul ever on Tuesday at over $880 million. 

Enhancing mainstream acceptance has buoyed Kiyosaki’s outlook. With main monetary centres like Australia, the U.Okay., and the U.S. embracing spot bitcoin ETFs, confidence is rising. 

Whereas $350,000 by August seems overly optimistic, the writer advocates Bitcoin’s potential as a hedge towards what he views as unsound authorities insurance policies. Kiyosaki urges buyers to proceed accumulating positions in Bitcoin.

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