{"id":1110,"date":"2024-06-06T09:14:42","date_gmt":"2024-06-06T09:14:42","guid":{"rendered":"http:\/\/ci02df436aa00025e3"},"modified":"2024-06-06T09:14:42","modified_gmt":"2024-06-06T09:14:42","slug":"rich-dad-poor-dad-author-predicts-bitcoin-to-hit-350000","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/rich-dad-poor-dad-author-predicts-bitcoin-to-hit-350000","title":{"rendered":"Rich Dad, Poor Dad Author Predicts Bitcoin to Hit $350,000"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Renowned personal finance author Robert Kiyosaki has predicted Bitcoin will reach $350,000 by August 25, 2024. The Rich Dad, Poor Dad writer has long been a Bitcoin bull, touting Bitcoin as hard money alternatives.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW: Rich Dad, Poor Dad author predicts <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> will reach $350,000 by August 2024.<\/p>\n<p>Are you prepared? \ud83d\ude4c <a href=\"https:\/\/t.co\/6Isr7UZUVT\">pic.twitter.com\/6Isr7UZUVT<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1798632445279097217?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">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 a recent <a href=\"https:\/\/x.com\/theRealKiyosaki\/status\/1798476195232973066\">X post<\/a>, Kiyosaki projected Bitcoin to hit $350,000 based on his lack of faith in U.S. leadership. He labelled <a href=\"https:\/\/bitcoinmagazine.com\/tags\/biden\">President Biden<\/a>, Treasury Secretary <a href=\"https:\/\/bitcoinmagazine.com\/tags\/janet-yellen\">Janet Yellen<\/a>, and Fed Chair <a href=\"https:\/\/bitcoinmagazine.com\/tags\/jerome-powell\">Jerome Powell<\/a> as &#8220;the 3 Stooges in real life&#8221; and said he was confident in their incompetence.<\/p>\n<p>Kiyosaki advised buying more Bitcoin to protect against poor economic stewardship. He has frequently criticized the U.S. government&#8217;s stimulus spending and money-printing policies under Biden.<\/p>\n<p>While a long-term Bitcoin believer, Kiyosaki&#8217;s $350,000 target within two months is an extremely bullish projection. For bitcoin to reach that price by August, it would need to surge over 380% from current levels near $71,000.<\/p>\n<p>Still, the author sees potential for explosive Bitcoin growth ahead, calling his prediction &#8220;not a lie.&#8221; Kiyosaki endorsed Ark Invest&#8217;s $2.3 million long-term Bitcoin price forecast earlier this year.<\/p>\n<p>The bold projection follows surging inflows into <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">U.S. spot Bitcoin ETFs<\/a>, which saw their second-highest daily haul ever on <a href=\"https:\/\/bitcoinmagazine.com\/business\/us-bitcoin-etfs-saw-880m-in-inflows-highest-since-march\">Tuesday at over $880 million<\/a>.&nbsp;<\/p>\n<p>Improving mainstream acceptance has buoyed Kiyosaki&#8217;s outlook. With major financial centres like Australia, the U.K., and the U.S. embracing spot bitcoin ETFs, confidence is rising.&nbsp;<\/p>\n<p>While $350,000 by August appears overly optimistic, the author advocates Bitcoin&#8217;s potential as a hedge against what he views as unsound government policies. Kiyosaki urges investors to continue accumulating positions in Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renowned author Robert Kiyosaki has predicted bitcoin will surge to $350,000 by August 2024, citing his lack of faith in current U.S. leadership and endorsing Bitcoin as an alternative.<\/p>\n","protected":false},"author":2513,"featured_media":1111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[132,555,93,573],"class_list":{"0":"post-1110","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin-price","9":"tag-joe-biden","10":"tag-news","11":"tag-robert-kiyosaki"},"author_data":{"id":2513,"name":"Vivek Sen","nicename":"vivek-sen-bitcoin","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/cropped-vivek-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/MjA1NjYzMTYyNzY1MTU3ODI5.webp","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2513"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=1110"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/1111"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=1110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=1110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=1110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}