06 Jun

Renowned investor and author Robert Kiyosaki has reiterated his warning about an impending financial crisis in the United States and globally. He has predicted that Bitcoin (BTC), one of his favored assets for protecting against economic downturns, could surge to $350,000 by late August 2024.

Kiyosaki expressed confidence in this prediction in a recent post on X, though he emphasized it's speculative. He mentioned continuing to invest in Bitcoin, Ethereum (ETH), and Solana (SOL), citing the perceived incompetence of US leaders like President Biden, Treasury Secretary Yellen, and Fed Chair Powell.

Referring to them as the "three stooges in real life," Kiyosaki advised followers to acquire more gold, silver, Bitcoin, Solana, and Ethereum to safeguard against potential economic instability.

Kiyosaki has long advocated for holding these assets as a hedge against inflation, rising debt, and market volatility, cautioning against traditional financial products like stocks and bonds, which he believes are in an 'everything bubble.'

He also endorsed a bold forecast by Cathie Wood, founder and CEO of ARK Invest, who suggested Bitcoin could reach $2.3 million per wholecoin.

Currently, Bitcoin is trading above $70,000, a crucial psychological level, after a bullish year that has seen it rise by nearly 70% since the beginning of 2024.

June 2024, Cryptoniteuae

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