Robert Kiyosaki: bitcoin will cost $ 350,000 on August 25

The famous investor and author Robert Kiyosaki has attracted the attention of cryptocurrency enthusiasts with his stunning forecast of the bitcoin price BTC $56,303.00 Bitcoin -1.62% Market capitalization $1.11 trillion VOL. 24 hours $2.74 billion at $ 350,000 at the end of the summer.

«This is a forecast. It’s speculation, it’s an opinion, but it’s not a lie,» wrote the author of the book Rich Dad, Poor Dad. — «I'm sure bitcoin will reach $ 350,000 sometime in 2024, but that’s just a goal, a dream, and a wish.»

The bestselling author of personal finance also took the opportunity to poke fun at President Joe Biden and Securities and Exchange Commission Chairman Gary Gensler: «What I’m sure of is the incompetence of our leaders — President Biden, Treasury Secretary Yellen, and Fed Chairman Powell. Protect yourself from these three puppets.»

Kiyosaki, a staunch supporter of bitcoin and other cryptocurrencies, is known for his amazing price predictions. At the beginning of the year, he predicted that bitcoin would reach $ 100,000 by June 2024. Judging by the current trajectory of the asset, this seems unlikely now.

The latest forecast of $ 350,000 by August 2024 would mean an almost 5-fold jump from the price of bitcoin, given the current rate of the flagship asset. It is worth noting that since the beginning of the year, BTC has grown by 70%, despite bullish catalysts such as spot ETFs.

According to the analytical tracker CoinMarketCap, at the time of writing, bitcoin is trading at $ 70,952. The total number of coins circulating on the market is $ 1.4 trillion. Traders have executed daily trading deals worth $ 28.83 billion. Bitcoin’s market share is 53.1%.