Having soared practically 58% year-to-date, Bitcoin is making a robust comeback.
In keeping with “Rich Dad Poor Dad” writer Robert Kiyosaki, even higher days may very well be on the horizon — very quickly.
Do not miss
“BITCOIN will be $350,000 by August 25, 2024 is not a lie,” he wrote in a current submit on X. “It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers 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 attain $350,000 “sometime in 2024,” however he famous that it is solely “a target, a dream, and a wish.”
His message appears to have struck a chord. As of publication, the submit had garnered 3.5 million views, 21,500 likes and a pair of,300 feedback.
‘I keep buying more’
Contemplating that bitcoin presently trades at round $69,000 apiece, Kiyosaki’s price goal is undeniably optimistic. To succeed in $350,000 by August 25, the price of the world’s largest cryptocurrency would wish to extend by 400% in lower than three months.
Kiyosaki’s optimism extends past simply bitcoin. He’s additionally captivated with different gamers within the crypto area.
“I keep buying more Bitcoin, Ethereum, and Solana, because [I’m] quite certain their prices will continue to rise,” he stated.
The explanation for his bullish outlook does not stem from the crypto area itself, however has to do with the present U.S. management.
“Why am I so confident? Is it because I am certain about BC, Ethereum, and Solana? My answer is ‘No.’ What I am confident of is the incompetence of our leaders, President Biden, Treasury Secretary Yellin and Fed Chair Powell,” he said bluntly.
Learn extra: Wealthy younger People have misplaced confidence within the inventory market — and are betting on these property as a substitute. Get in now for robust long-term tailwinds
5-asset safety technique
Kiyosaki holds a important view of those three leaders, stating “Those three are the 3-Stooges in real life and I am certain, I am very confident about their incompetence.”
This isn’t the primary time Kiyosaki, who co-authored a ebook with former president Donald Trump, has criticized the Biden administration’s financial insurance policies.
In August 2023, after Yellen praised Biden’s financial methods, Kiyosaki took to X to query, “What is she smoking?”
“Has she been food shopping lately? Has she filled her gas tank lately? How many businesses closing? How about credit card debt? Biden’s team worst leaders in history.”
And in December, Kiyosaki lambasted Biden over rising gasoline costs.
“Higher gas prices is what Biden & Marxists want… Biden is a puppet of woke liberals. He is the worst and weakest president in history. He has been bought and paid for,” he wrote.
For individuals who share his considerations, Kiyosaki supplied solutions on how to hedge in opposition to the impacts of governmental coverage, naming 5 property — not simply crypto.
“Take care. Buy more Gold, Silver, Bitcoin, Solana, and Ethereum. Protect yourself from the 3-Stooges,” he wrote.
Kiyosaki didn’t additional elaborate on the reasoning behind his suggestion. Nonetheless, the famed writer has lengthy been a proponent of treasured metals. Final October, he predicted, “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.”
Kiyosaki likes silver, too. “Silver from $23 to $68 an ounce,” he stated on the time, projecting main upside for the dear metallic.
Gold has already surpassed the $2,100 mark and is now buying and selling at $2,304 per ounce. Silver has additionally loved a rally in 2024, presently standing at round $29.60 per ounce.
What to learn subsequent
This text gives data solely and shouldn’t be construed as recommendation. It’s supplied with out guarantee of any type.