"Bitcoin to Surge 5 Times by August"…Forecast by 'Rich Dad' Author

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Bitcoin's Rosy Outlook Continues

Robert Kiyosaki, author of the global bestseller "Rich Dad Poor Dad," has made another prediction about Bitcoin. This prediction is somewhat radical.

▲Robert Kiyosaki (Source: Robert Kiyosaki Twitter)

On the 5th (local time), Kiyosaki wrote on X (formerly Twitter) that "Bitcoin will surpass $350,000 by August 25th this year." This is nearly five times higher than the current price. Moreover, he specified an exact date.

He expressed confidence that "Bitcoin will easily surpass $350,000 this year," and predicted that not only Bitcoin but also Ethereum and Solana will join the rally. The reason for his confidence is not faith in cryptocurrencies but the incompetence of the U.S. leadership. He said, "I am betting on cryptocurrencies because of the incompetence of President Joe Biden, Treasury Secretary Janet Yellen, and Jerome Powell of the Federal Reserve (Fed)."

Kiyosaki emphasized that his new Bitcoin forecast is just a prediction, a speculation, and an opinion, but it is definitely not a lie.

In the past, Kiyosaki has strongly criticized the U.S. economic situation. He warned that "the U.S. is practically bankrupt" and stressed that "the reason a massive market collapse is approaching is that the three main leaders of the U.S. Fed, Treasury, and White House are failing to do their jobs." In particular, he described the Fed as a "Criminal Organization" that destroys the U.S. economy and makes the middle class poorer.

The rosy outlook for Bitcoin's rise continues. Especially, there is a prediction that if former President Donald Trump is re-elected, it will provide new momentum for Bitcoin's price trend. In March, Trump said in an interview with CNBC that "if elected, I will not crack down on the use of virtual assets like Bitcoin through regulatory authorities," and "if I return to the White House, I will allow payments through Bitcoin."

According to Investing.com on the 5th, as of 8:06 a.m., Bitcoin was trading at $70,565, up 2.21% from 24 hours earlier, and at one point exceeded $71,000. Ethereum, ranked second in market capitalization, also showed a slight upward trend. Bitcoin's price breaking through the $70,000 level is the first time in 14 days since the 21st of last month. At the same time, on the domestic exchange Upbit, Bitcoin was trading at 97.65 million KRW per coin, approaching re-entry into the 100 million KRW range.