News
The Author of “Rich Dad, Poor Dad” Makes an Amazing Bitcoin Price Prediction
Alex Dovbnja
Robert Kiyosaki believes the price of Bitcoin could reach $350,000 in August
Continue reading U.TODAY
Google News
Robert Kiyosaki, the American author known for the personal finance book series “Rich Dad, Poor Dad”, has stunned the cryptocurrency community with its latest price call for Bitcoin.
Kiyosaki predicted that the price of the leading cryptocurrency will reach $350,000 by mid-August. “It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s bait for idiots, but it’s not a lie because any prediction about the future is not a lie,” he added.
The American businessman is “certain” that Bitcoin will continue to grow alongside Ethereum and Solana.
Kiyosaki’s followers were perplexed by the recent price target considering Bitcoin is currently trading just below the $71,000 level.
For his superbullish prediction to come to fruition, the flagship cryptocurrency would need to surge 392% within the next two months. Despite the recent enthusiasm over increased Bitcoin ETF inflows, such a scenario seems highly unlikely.
The largest cryptocurrency is currently changing hands at $70,914 on the Bitstamp exchange after reaching a peak of $71,740.
AS reported by U.Today, Galaxy Digital CEO Mike Novogratz predicted that Bitcoin could reach prices of $100,000 or even higher this year if it manages to break above the $73,000 level. Fundstrat’s Tom Lee sees Bitcoin potentially reaching $150,000. However, even the most die-hard permabulls would admit that Kiyosaki’s goal would be too optimistic.
In April, the “Rich Dad, Poor Dad” author also endorsed the long-term bullish target of $2.3 million proposed by Cathie Wood’s Ark Invest.
About the author
Alex Dovbnja
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to the burgeoning industry, from price analysis to Blockchain disruption. Alex has authored more than 1,000 stories for U.Today, CryptoComes, and other fintech media. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets; he can be contacted at alex.dovbnya@u.today.