Renowned investor and author Robert Kiyosaki has made a striking prediction that Bitcoin will reach $350,000 by August 2024. This forecast was shared on the social media platform X, drawing considerable attention from the cryptocurrency community.

Kiyosaki, known for his book “Rich Dad Poor Dad,” emphasized that his prediction is speculative but reflects his strong belief in Bitcoin’s potential.

“It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie,” Kiyosaki stated. He added, “I am confident Bitcoin will hit $350,000 sometime in 2024, but for now, it’s only a target, a dream, and a wish.”

Confidence In Digital Currencies

Kiyosaki’s trust in Bitcoin extends to other cryptocurrencies as well. He mentioned increasing his holdings in Bitcoin, Ethereum and Solana.

Alongside his support for these digital assets, Kiyosaki criticized current U.S. leadership, particularly President Joe Biden, Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell, referring to them as the “3-Stooges.”

Assessing Bitcoin’s Market Trajectory

Despite Kiyosaki’s optimistic outlook, market analysts offer a more cautious perspective. Bitcoin’s current growth trajectory suggests steady gains, but reaching $350,000 remains a speculative target.

Julio Moreno, Head of Research at CryptoQuant, notes that Bitcoin and Ethereum are set for gradual increases, driven by demand from long-term holders and large investors.

#Bitcoin and Ethereum demand is on the path to acceleration again after the March-May slowdown.

Both Permanent Holders and whale's Bitcoin balances are growing faster. pic.twitter.com/DEdJN7Z0iW

— Julio Moreno (@jjcmoreno) June 5, 2024

As of the latest reports, Bitcoin is trading around $71,099, showing stability over recent days. Achieving Kiyosaki’s predicted value by August would require extraordinary market conditions and movements.

Benzinga’s Future of Digital Assets

This discussion about Bitcoin’s future coincides with the anticipation for Benzinga’s Future of Digital Assets event, scheduled for Nov. 19, 2024, at Convene 225 Liberty Street in New York City. The event will bring together key figures in the digital asset industry for a day of networking and discussions about the evolving nature of money and investments.

Kiyosaki’s bold Bitcoin prediction fuels ongoing debates about the future of cryptocurrencies. As the Benzinga Future of Digital Assets event approaches, these discussions will likely shape the conversations among attendees, potentially influencing investment strategies and decisions in the digital asset space.

Photo: Shutterstock