{"id":14141,"date":"2024-06-06T16:25:20","date_gmt":"2024-06-06T13:25:20","guid":{"rendered":"https:\/\/forklog.com\/en\/robert-kiyosaki-predicts-bitcoin-to-hit-350000-by-august-2024\/"},"modified":"2024-06-06T16:25:20","modified_gmt":"2024-06-06T13:25:20","slug":"robert-kiyosaki-predicts-bitcoin-to-hit-350000-by-august-2024","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/robert-kiyosaki-predicts-bitcoin-to-hit-350000-by-august-2024\/","title":{"rendered":"Robert Kiyosaki Predicts Bitcoin to Hit $350,000 by August 2024"},"content":{"rendered":"<p>Robert Kiyosaki, the author of the bestseller &#8220;Rich Dad, Poor Dad&#8221; and an entrepreneur, has forecasted that the price of the leading cryptocurrency will reach $350,000 by August 25.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BITCOIN will be $350,000 by August 25, 2024 is not a lie. It\u2019s a prediction. It\u2019s speculation, it\u2019s an opinion, but it\u2019s not a lie. It\u2019s suckers bait, but it\u2019s not a lie becuase any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to\u2026<\/p>\n<p>\u2014 Robert Kiyosaki (@theRealKiyosaki) <a href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1798476195232973066?ref_src=twsrc%5Etfw\">June 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt\u2019s a prediction. It\u2019s speculation, it\u2019s an opinion, but it\u2019s not a lie. It\u2019s suckers bait, but it\u2019s not a lie because any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to be true\u2026 But it\u2019s just a forecast,\u201d the businessman wrote.<\/p>\n<\/blockquote>\n<p>He added that he continues to buy \u201cmore Bitcoin, Ethereum, and Solana,\u201d as he is \u201cabsolutely confident\u201d in their continued price growth.<\/p>\n<p>However, Kiyosaki is betting not on the properties of the assets themselves, but on the \u201cincompetence\u201d of US leaders, including President Joe Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chair <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Jerome Powell<\/span>:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThey are the \u2018Three Stooges\u2019 in real life. I am absolutely convinced of their incompetence. Take care of yourself. Buy more gold, silver, Bitcoin, Solana, and Ethereum. Protect yourself from the three stooges.\u201d<\/p>\n<\/blockquote>\n<p>Analyst Willy Woo, in a comment under the entrepreneur\u2019s post, calculated that to achieve the $350,000 target, approximately $2.2 trillion needs to be \u201cpoured\u201d into the market.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MVRV compares the market cap vs the money stored in the network.<\/p>\n<p>This multiplier oscillates roughly between 1 and 5 depending on the liquidity and fomo in the market.<\/p>\n<p>I\u2019m using a rough 2.5x for this stage of the bull market.<\/p>\n<p>$350k BTC = $6.9T market cap<\/p>\n<p>Now work out how much\u2026 <a href=\"https:\/\/t.co\/6Ij3qzKZ4H\">pic.twitter.com\/6Ij3qzKZ4H<\/a><\/p>\n<p>\u2014 Willy Woo (@woonomic) <a href=\"https:\/\/twitter.com\/woonomic\/status\/1798603524047290546?ref_src=twsrc%5Etfw\">June 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn reality, you could just buy up all available Bitcoin, and the supply shock would lead you to $350,000 with much less capital. But then veterans will unload their coins, guys from <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span> will short futures, and after the dump, roughly speaking, a steady state will ensue,\u201d the expert noted.<\/p>\n<\/blockquote>\n<p>At the time of writing, digital gold is trading at $71,180, having gained 5% over the week. Its capitalization <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">stands at $1.4 trillion<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/docsz\/AD_4nXeoQGIEeWDhbMH2ZDRpIcdR7tm87qRnHyFRJTpicsQd5QdlKknEUdfxMGcAK5AfnHgq3cPwiSYkqGuP_GOFqmjcnaYpYLjXW647-HnRtHK8Fps2f1zCCdgo-yOPpaCamVOG9VP09R2R5WG1yyvFeQ9NACg?key=Cc9WBInMmxXSHgSteVFJwQ\" alt=\"Robert Kiyosaki Predicts Bitcoin to Hit $350,000 by August 2024\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Analyst and MN Trading founder Micha\u00ebl van de Poppe stated that Bitcoin\u2019s chart shows upward momentum. In his view, it is now important to hold the support level at $70,000 to continue the rise to the all-time high.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The upwards momentum on <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> continues to happen. <\/p>\n<p>$70K broke upwards, through which the important level is to hold $70K now for continuation to the all-time high. <a href=\"https:\/\/t.co\/UJGxdGpZ8B\">pic.twitter.com\/UJGxdGpZ8B<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1798629650224017814?ref_src=twsrc%5Etfw\">June 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In another post, he added that altcoins are ready for growth, with significant momentum expected from late June to September-October.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The <a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoins<\/a> are ready for their upwards run. <\/p>\n<p>I think we\u2019ll be seeing a lot of momentum from late June until September \u2014 October.<\/p>\n<p>A repricing back to their normal values after the big cascade of the first period of the year.<\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1798663876005020106?ref_src=twsrc%5Etfw\">June 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c[There will be] a repricing to their normal values after the big crash this year,\u201d the analyst noted.<\/p>\n<\/blockquote>\n<p>Earlier, Standard Chartered predicted Bitcoin would reach $100,000 before the US elections. Meanwhile, the coin could hit a new all-time high soon.<\/p>\n<p>Back in QCP Capital, growing expectations of a \u201cdecisive breakthrough\u201d of the all-time high by the end of June were noted.<\/p>\n<p>Glassnode also recorded a renewed interest in purchasing the leading cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robert Kiyosaki, the author of the bestseller &#8220;Rich Dad, Poor Dad&#8221; and an entrepreneur, has forecasted that the price of the leading cryptocurrency will reach $350,000 by August 25. BITCOIN will be $350,000 by August 25, 2024 is not a lie. It\u2019s a prediction. It\u2019s speculation, it\u2019s an opinion, but it\u2019s not a lie. It\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,1147],"class_list":["post-14141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-robert-kiyosaki"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14141"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14140"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}