Since entering the financial market in 2009, Bitcoin has been a hot topic at different points through the years. It seems it’ll soon enter the spotlight again in 2024 – that’s if Robert Kiyosaki’s predictions are correct.

According to the renowned financial expert, the world’s first cryptocurrency will likely hit $350,000 by August 25 this year. It’s a bold claim from the Rich Dad Poor Dad author, especially since the current Bitcoin price rate snapshot according to Binance, Yahoo Finance and Forbes for example shows the digital coin hovering around the $60,000 mark.

In fact, Bitcoin is yet to hit $100,000 in 2024 – a prediction Kiyosaki also made about the cryptocurrency in March. Of course, the author mentions that his $350,000 claim is still a speculation based on America’s political landscape, so investors might want to view it with a bit of caution.

When and Where Did Kiyosaki Make His Prediction?

Robert Kiyasoki posted the speculation regarding Bitcoin’s price surge on X in June. The tweet told users that by August 25, 2024, Bitcoin would be $350,000. He points out that it is speculation and a prediction, but stresses that it is not a lie. He calls it “suckers bait”, but not a lie.

It’s worth noting that Kiyosaki has long been a supporter of Bitcoin and other cryptocurrencies like Etheruem and Solana. In 2022, he encouraged investors to purchase Bitcoin, Ethereum, and Solana alongside precious metals like gold due to issues surrounding national debt and inflation and in anticipation of World War 3.

In his most recent tweet, the finance expert further reaffirms that he continues to invest in these digital currencies, as he has full assurance of a price surge.

He told users in a more recent tweet that he is “confident” that that $350,000 Bitcoin target will be hit during 2024. However, he stresses it is a target, or a “dream” but not a certainty, and encourages users to buy more Ethereum, Bitcoin, and Solana, because he thinks these coins’ prices will keep rising.

A Forecast Based on America’s Political Landscape

While the prediction that Bitcoin will hit $350K by August 25 may seem daring to some, Kiyosaki isn’t making a wild guess. In his tweet, the author provides reasons for his claim.

On X, he mentions the perceived incompetence of President Joe Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chair Jerome Powell as the driving force behind the rise in Bitcoin’s value.

Kiyosaki calls them the “three stooges in real life” and says he is “very certain about their incompetence.” The New York Times bestselling author has long been critical of the Biden administration.

When he mentioned his investment in cryptocurrencies and precious metals on X a few years ago, he blamed President Biden for the rising inflation in America. In a more recent interview, he claimed “nobody has done more damage to the economy than Biden and Kamala.”

His advice to investors while tweeting in June was to keep buying gold and silver, but also Bitcoin, Ethereum and Solana as this would “protect” from the Three Stooges.

Bitcoin to Hit $100K in June 2024 – An Earlier Kiyosaki Forecast

The recent Bitcoin price prediction by Rober Kiyosaki isn’t the first we’ve had in 2024. In March, he said he expected the cryptocurrency to reach $100,000 by September due to the much-anticipated halving event.

The halving occurred on April 19 and led to a reduction in the block rewards for Bitcoin mining from 6.25 BTC to 3.125 BTC. Previous halving events have seen bitcoin experience a bull run, with prices rising by an average of 125%.

As a result, investor activity typically peaks in the months leading to the halving, with buyers anticipating a price surge.

Based on previous occurrences, Kiyosaki mentioned he was buying ten more Bitcoin ahead of the predicted rise in value by September. He also advised investors who could not afford to purchase an entire Bitcoin to invest in 1/10 of the digital currency, as they could own one Bitcoin by the end of the year if the “process works as designed.”

At the moment, Bitcoin is yet to reach $100,000. It is currently trading at $60,000 – a figure lower than the $65k mark it hit days after the halving event. Of course, this isn’t to say the cryptocurrency won’t reach or surpass $100,000 this year.

We’ve seen the effects of previous halvings delayed till months after the event. Who’s to say this one isn’t following the same pattern? After all, the crypto market is well-known for being volatile and unpredictable. Investors could yet reap the rewards of the halving in the coming months.

Will Bitcoin’s Value Reach $350,000 in 2024?

Robert Kiyosaki’s claim is definitely bold and one to keep an eye on as the predicted date draws near. Ahead of August 25, it’s crucial to note that Bitcoin’s highest-ever value is just above the $73,000 mark, achieved in March this year.

The cryptocurrency has never made it to $100,000, so any increase in that direction would be a first-time occurrence. Hitting $350,000 would be an even more astonishing feat – one that many investors struggle to envisage in the coming days.

Nonetheless, the crypto market is volatile, and there is certainly room for surprises. Investors will most likely look on in anticipation in the coming days.