Robert Kiyosaki Predicts Bitcoin (BTC) Could Reach $350,000 by August 2024

Renowned financial educator Robert Kiyosaki predicts Bitcoin (BTC) could reach $350,000 by August 2024, driven by his distrust in U.S. fiscal policies and belief in Bitcoin's scarcity.

Financial educator Robert Kiyosaki, known for Rich Dad Poor Dad, predicts Bitcoin (BTC) could reach $350,000 by August 2024, driven by his distrust in U.S. fiscal policies and belief in Bitcoin’s scarcity.

Robert Kiyosaki’s Bitcoin Predictions

Financial expert Robert Kiyosaki recently shared his strong belief in Bitcoin’s future.

He expressed frustration that many people don’t invest in Bitcoin, thinking it’s too expensive.

I become frustrated encouraging people to buy Bitcoin. I receive so many lame excuses…. the most common excuse…. “Bitcoin is too expensive.” And it is high… yet not as high as it’s going to go. I simply repeat my rich dad’s lesson on investing…. “ Your profit is made when you…

— Robert Kiyosaki (@theRealKiyosaki) June 15, 2024

Kiyosaki disagrees and believes Bitcoin’s price will go even higher. He predicts Bitcoin will reach $350,000 by mid-2024, driven by his distrust of U.S. government policies.

Kiyosaki continues to buy Bitcoin, Ethereum, and Solana, not because he’s sure of their success, but because he doesn’t trust the current economic policies of the U.S. government.

He has criticized President Biden and other officials for their economic decisions.

Trader Willy Woo’s Take on Bitcoin

Trader and crypto entrepreneur Willy Woo responded to the Robert Kiyosaki Bitcoin tweet, offering insight into Bitcoin’s future.

The BTC run ends when everyone is invested.

4.7% have invested so far.

Until then you are advised to buy every gain. It means BTC is winning.

This is exactly what VCs do for emerging tech.

— Willy Woo (@woonomic) June 15, 2024

According to Woo, Bitcoin’s bullish run will end when widespread investment is achieved.

Currently, only 4.7% of the free capital on the market has been invested in Bitcoin by financial institutions, suggesting there is still significant room for growth.

Woo’s comments align with Kiyosaki’s view that Bitcoin is still in its early stages of mainstream adoption.

Understanding Kiyosaki’s Predictions for BTC

Kiyosaki’s prediction of Bitcoin reaching $350,000 by August 2024 is very optimistic, as the current price is around $66,000.

This would mean a 380% increase in a short time. His prediction is supported by increasing acceptance of Bitcoin, such as large investments in the U.S.

Bitcoin ETF tracker Farside reported that spot Bitcoin ETFs experienced inflows exceeding $880 million in just one day.

Kiyosaki also agrees with Ark Invest’s forecast that Bitcoin could reach $2.3 million in the long term.

Why Kiyosaki Advocates for Bitcoin Investment

Kiyosaki’s strong advocacy for Bitcoin stems from its capped supply of 21 million, making it a deflationary asset.

Unlike gold and silver, whose supply can increase with higher prices, Bitcoin’s limited supply ensures its scarcity, driving demand.

This characteristic aligns with Kiyosaki’s investment philosophy, which prioritizes assets with finite supply and growing utility.

He often advises investors to buy as much Bitcoin as they can afford, regardless of the amount, stressing the importance of starting to invest to build wealth.

Bitcoin’s Recent Performance and Future

Recently, Bitcoin has been strong, trading around $67,000 with a market cap of $1.25 trillion.

It also recently hit an all-time high of $73,797, driven by institutional investments and the halving event in April.

This event reduced the amount of Bitcoin mined, increasing its scarcity and potentially its price.

Even though Bitcoin has fallen short of its recent high, it remains strong due to significant gains over the past few months.

The Future for Bitcoin Investors

Kiyosaki’s predictions highlight Bitcoin as a hedge against economic problems and poor policies.

His belief in Bitcoin is based on its limited supply, increasing use, and growing interest from institutions.

Whether Bitcoin reaches $350,000 by August 2024 or not, Kiyosaki’s advice is clear — start investing in Bitcoin to build a more secure financial future.

News source：https://www.kdj.com/cryptocurrencies-news/articles/robert-kiyosaki-predicts-bitcoin-btc-reach-august.html

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