Bitcoin
Robert Kiyosaki predicts bitcoin will hit $350,000 by August 25 – and shares enthusiasm with other crypto players
Robert Kiyosaki predicts bitcoin will hit $350,000 by August 25 – and shares enthusiasm with other crypto players
Having soared nearly 58% year to date, Bitcoin is making a strong comeback.
According to “Rich Dad Poor Dad” author Robert Kiyosaki, even better days may be on the horizon – very soon.
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“BITCOIN will cost $350,000 by August 25, 2024, that’s no lie,” he he wrote in a recent post on X. “It’s a prediction. It’s speculation, it’s opinion, but it’s not a lie. It’s stupid bait, but it’s not a lie because any prediction about the future is not a lie.”
Kiyosaki then expressed confidence that the price of bitcoin will reach $350,000 “sometime in 2024,” but noted that it is just “a goal, a dream, and a wish.”
Your message seems to have struck a chord. As of publication, the post had received 3.5 million views, 21,500 likes and 2,300 comments.
‘I keep buying more’
Considering that bitcoin currently trades at around $69,000 each, Kiyosaki’s price target is undeniably bullish. To reach US$350,000 by August 25th, the price of the world’s largest cryptocurrency would need to increase 400% in less than three months.
Kiyosaki’s optimism goes beyond bitcoin. He is also excited about other players in the crypto space.
“I keep buying more Bitcoin, Ethereum and Solana, because [I’m] I am sure their prices will continue to rise,” he said.
The reason for its bullish outlook does not stem from the crypto space itself, but has to do with current US leadership.
“Why am I so confident? Is it because I’m sure about BC, Ethereum and Solana? My answer is ‘No’. I am confident in the incompetence of our leaders, President Biden, Treasury Secretary Yellin, and Fed Chairman Powell,” he stated bluntly.
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Kiyosaki takes a critical view of these three leaders, stating “These three are the 3-Stooges in real life and I am sure, I am very confident in their incompetence.”
This is not the first time that Kiyosaki, who co-authored a book with former President Donald Trump, has criticized the Biden administration’s economic policies.
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In August 2023, after Yellen praised Biden’s economic strategies, Kiyosaki turned to X to question“What is she smoking?”
“Has she been buying food lately? Has she filled up the gas tank lately? How many companies closing? What about credit card debt? The worst Biden team leaders in history.”
And in December, Kiyosaki criticized Biden for rising gas prices.
“Higher gas prices are what Biden and the Marxists want…Biden is a puppet of woke liberals. He is the worst and weakest president in history. It was bought and paid for,” he said. he wrote.
For those who share his concerns, Kiyosaki offered suggestions on how to protect against the impacts of government policy, citing five assets – not just cryptocurrencies.
“Be careful. Buy more gold, silver, Bitcoin, Solana and Ethereum. Protect yourself from the 3-Stooges,” he wrote.
Kiyosaki did not elaborate on the reasoning behind his suggestion. However, the famous author has long been a supporter of precious metals. Last October, he foreseen, “Gold will soon surpass $2,100 and then take off. You will want to have bought gold under $2,000. Next stop: gold $3,700.”
Kiyosaki also likes silver. “Silver from $23 to $68 an ounce,” he said at the time, projecting big upside for the precious metal.
Gold has already surpassed the US$2,100 mark and is now trading at US$2,304 per ounce. Silver has also seen a rally in 2024, currently at around $29.60 per ounce.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
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‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
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came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
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Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
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At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
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