Bitcoin
R. Kiyosaki’s Bitcoin Prediction: BTC Price Will Reach $350K in August 2024!
Bitcoin price recently surpassed $71,000, driven by a Flow of US$886 million on US spot Bitcoin ETFs and weak US economic data suggesting possible rate cuts from the Federal Reserve. Analysts are optimistic about new highs this week, especially if economic weaknesses continue to support rate cuts.
Could this week see new records broken? Read more to find out!
Kiyosaki’s bold prediction
To add to the excitement, Robert Kiyosaki, the renowned author and investment guru, projected a surprising $350,000 price target for Bitcoin. In a recent tweet, Kiyosaki predicted that Bitcoin would reach this milestone on 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 like Ethereum and Solana.
He sees the $350,000 price tag as a goal, a dream and a desire, driven by his analysis of various economic indicators and his critical view of the current political leadership.
Criticism of current leadership
Kiyosaki’s prediction stems from his strong criticism of current US leaders. He criticized President Joe Biden, Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell, calling them “the 3 Stooges in real life.” Kiyosaki believes his “incompetence” will cause traditional assets to lose value, making cryptocurrencies a safer haven.
Cryptography and the 2024 Presidential Election
With just five months to go until the 2024 US presidential elections, the crypto industry waits to see which candidate will bring more clarity and adopt cryptocurrency into the mainstream. Notably, presidential candidate donald trump recently announced that its campaign will begin accepting cryptocurrency donations.
A message for investors
Kiyosaki advises investors to protect themselves from what he considers 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 it with your opinion!