According to Robert Kiyosaki, the author of the well-known financial book “Rich Dad, Poor Dad,” the Bitcoin (BTC) price will rise explosively in the coming months. He expects the largest cryptocurrency to reach a value of $350,000 by August this year, which represents almost a 400% increase from the current BTC price.
Kiyosaki predicts that continued monetary mismanagement in the United States will drive investors to flee from the dollar and invest in BTC instead.
Kiyosaki’s view on the Bitcoin price
On the social media platform He predicts that the Bitcoin price will reach $350,000 on August 25. According to Kiyosaki, the current policies of the US President and the Chairman of the Federal Reserve (FED) are unable to protect the value of the dollar. According to him, this will lead to further investments in scarce assets such as gold, silver and Bitcoin.
Is a $350,000 BTC price realistic?
Kiyosaki does add a caveat to his prediction. He emphasizes that it is not just a price target, but also a wish. This seems to indicate that the forecast may be a bit over-enthusiastic.
A price of $350,000 would represent a 4.9x increase from the current price of $71,300. To achieve such growth in just two months would be a unique achievement for BTC and would result in a total market value of approximately $6.9 trillion, almost 2.5 times the current total market value of the crypto market.
Willy Woo responds to Bitcoin price prediction
Other crypto analysts questioned Kiyosaki’s price prediction. Willy Woo, one of the most popular on-chain analysts, responded to Kiyosaki’s tweet and qualified the BTC prediction. According to Woo, the Bitcoin price could certainly reach a value of $350,000, but he considers this prediction more realistic by 2025, when the devaluation of the dollar will have progressed further.
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Source: https://newsbit.nl/robert-kiyosaki-voorspelt-bitcoin-koers-van-350-000-in-augustus/
