Rich Dad, Poor Dad Author Predicts Bitcoin to Soar to $350K

Renowned personal finance author Robert Kiyosaki believes Bitcoin will hit $350,000 by August 25, 2024. The “Rich Dad, Poor Dad” author has always backed Bitcoin as a reliable alternative to traditional money.

In a recent post, Kiyosaki projected Bitcoin to reach $350,000 due to his lack of trust in U.S. leaders. He criticized President Biden, Treasury Secretary Janet Yellen, and Fed Chair Jerome Powell, calling them “the 3 Stooges in real life” and expressed his belief in their incompetence.

Kiyosaki advised buying more Bitcoin to safeguard against poor economic management. He has often criticized the U.S. government's spending and money-printing policies under Biden.

Though he believes in Bitcoin long-term, Kiyosaki's $350,000 target in two months is very optimistic. For Bitcoin to reach that price by August, it would need to increase by over 380% from its current level of around $71,000.

Despite this, Kiyosaki sees potential for strong Bitcoin growth and says his prediction is “not a lie.” Earlier this year, he supported Ark Invest's $2.3 million long-term Bitcoin price forecast.

This bold prediction follows a surge in U.S. spot Bitcoin ETFs, which saw their second-highest daily inflow ever on Tuesday at over $880 million.

Growing mainstream acceptance has boosted Kiyosaki's outlook. With major financial centers like Australia, the U.K., and the U.S. embracing spot Bitcoin ETFs, confidence is rising.

While $350,000 by August seems overly optimistic, Kiyosaki believes in Bitcoin's potential as protection against what he views as poor government policies. He urges investors to keep buying Bitcoin.