Rich Dad Poor Dad Author Sees Bitcoin at $350,000 by August 25

In February this year, Kiyosaki predicted Bitcoin would reach around $100,000 by June. However, the crypto asset is still far from reaching the $100,000 mark, with its current price hovering around $71,000.

Robert Kiyosaki, the author of Rich Dad Poor Dad, has made another bold prediction regarding Bitcoin (BTC). The author, known for his bullish stance on cryptocurrencies, sees BTC reaching $350,000 by August 25.

Bitcoin is currently trading around $71,000, inching closer to its previous all-time high of $73,000 set in March before the Bitcoin halving event in April. This event reduced the circulating supply of Bitcoin, potentially positioning it for a significant rally.

Despite the crypto asset still far from reaching $100,000, Kiyosaki believes that BTC could experience a meteoric rise to hit his predicted target within the next coming months.

The 3-Stooges

In a recent social media post on X, Kiyosaki emphasized that his expected price move for BTC is a prediction, not a certainty, but he stands by his belief that Bitcoin, along with other cryptocurrencies like Ethereum and Solana, will see significant price increases.

“It’s speculation, it’s an opinion, but it’s not a lie,” Kiyosaki stated. He acknowledged that his prediction might seem like “sucker’s bait” but stressed that any forecast about the future is inherently uncertain. While he hopes for BTC to hit $350,000, he knows it is currently just a target, a dream, and a wish.

Kiyosaki’s confidence in the rise of Bitcoin, Ethereum, and Solana does not stem from an unwavering belief in the cryptocurrencies themselves. Instead, it comes from his lack of faith in the current US leadership.

He pointedly criticized President Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chair Jerome Powell, referring to them as “the 3-Stooges”.

“I am very confident about their incompetence,” Kiyosaki said, arguing that this perceived mismanagement makes a strong case for investing in alternative assets like cryptocurrencies

Kiyosaki has previously criticized the United States government for continuously printing more money, warning of potential hyperinflation.

Last year, the author labeled the US dollar as “fake” and advised investors to avoid traditional financial products such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs).

Take Care

In light of this, Kiyosaki said he has been increasing his holdings of Bitcoin, Ethereum, and Solana, advising others to do the same. He also recommended investing in gold and silver as a hedge against what he sees as poor leadership and economic uncertainty.

“Take care. Buy more gold, silver, Bitcoin, Solana, and Ethereum. Protect yourself from the 3-Stooges,” Kiyosaki concluded.

Meanwhile, this is not the first time the Rich Dad Poor Dad author has made a bold prediction regarding the price of BTC and other cryptocurrencies.

In February this year, he predicted Bitcoin would reach around $100,000 by June. However, the crypto asset is still far from reaching the $100,000 mark, with its current price hovering around $71,000.

Although the month is still early, Kiyosaki’s prediction could still come true.