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R. Kiyosaki’s Bitcoin Prediction: BTC Price Will Reach $350,000 by August 2024!
The price of Bitcoin recently surged above $71,000, fueled by a Inflow of 886 million dollars in US spot Bitcoin ETFs and weak US economic data suggesting potential rate cuts by the Federal Reserve. Analysts are optimistic about this week’s new highs, especially if economic weaknesses continue to support the need for rate cuts.
Could this week see new records broken? Read on to find out!
Kiyosaki’s bold prediction
Adding to the excitement, Robert Kiyosaki, the famous author and investment guru, has predicted a staggering Bitcoin price target of $350,000. In a recent tweet, Kiyosaki predicted that Bitcoin will reach this milestone by August 25, 2024.
He clarified that this is a speculative opinion, not a guaranteed fact, but he firmly believes in the potential growth of Bitcoin and other cryptocurrencies such as Ethereum and Solana.
He sees the $350,000 price tag as a goal, a dream and a wish, guided by his analysis of various economic indicators and his critical view of the current political leadership.
Criticism of current leadership
Kiyosaki’s prediction comes from his strong criticism of current US leaders. He has criticized President Joe Biden, Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell, calling them “the real-life 3-Stooges.” Kiyosaki believes their “incompetence” will lead to traditional assets losing value, making cryptocurrencies a safer haven.
Cryptocurrencies and the 2024 presidential elections
With the 2024 US presidential election just five months away, the cryptocurrency industry waits to see which candidate will bring greater clarity and adopt cryptocurrency into the mainstream. Specifically, running for president Donald Trump recently announced that his campaign will begin accepting cryptocurrency donations.
A message for investors
Kiyosaki advises investors to protect themselves from what he perceives as government incompetence by investing in gold, silver, Bitcoin, Ethereum and Solana. He believes these investments can help protect against economic uncertainty and potential mismanagement by current leaders.
Is cryptocurrency a safe haven in today’s economy? Rate your opinion!