Robert Kiyosaki, the author of the bestselling book Rich Dad, Poor Dad, has predicted that Bitcoin will reach $350k by August 25th this year. Kiyosaki, who is a known Bitcoin bull, made this bold prediction on social media. He has also stated that he will continue to buy more Bitcoin, Ethereum, and Solana as he believes their prices will continue to rise.
Despite his confident prediction, Kiyosaki acknowledged that it is just a prediction and not a guarantee. He also expressed his distrust in the US government’s fiscal policies and highlighted Bitcoin’s scarcity as one of the reasons why he prefers the digital currency. However, his past prediction of Bitcoin reaching $100k by the end of June has not yet materialized, with the price currently hovering just above $70k.
For Bitcoin to reach $350k by August 25th, it would need to appreciate by roughly 500%. This would also push the total market capitalization of Bitcoin to over $6 trillion. While significant price moves have happened in the past, achieving such a high valuation in such a short amount of time is highly unlikely. Kiyosaki’s June prediction of Bitcoin reaching $100k is still a possibility, and many are eagerly awaiting to see if it will come to fruition by the end of the month.
Overall, Kiyosaki’s predictions about Bitcoin’s price have garnered attention due to his credibility and previous success. However, the $350k prediction seems overly ambitious given the current market conditions. The cryptocurrency market is known for its volatility, and while Bitcoin has shown impressive growth in the past, reaching $350k in just a few months may be a stretch. It will be interesting to see how the market reacts in the coming weeks and whether Kiyosaki’s predictions will prove to be accurate.
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