Altcoin
Analyst Who Predicted BTC To Hit $350K Is Betting On These Two Cryptos Now
Rich Dad Poor Dad author Robert Kiyosaki maintained his bullish stance on the Bitcoin price while unveiling his interest in two other major cryptos. Meanwhile, it is not the first time that the renowned author has provided a bullish outlook for the cryptocurrency sector, especially for Bitcoin. However, what sparks the market participant’s interest is his confidence toward a massive rally in Bitcoin price, along with his confidence towards two other cryptos: Ethereum and Solana.
Robert Kiyosaki Sparks Bullish Remark For Bitcoin, Ethereum, & Solana
Robert Kiyosaki, the author of the bestseller finance book, has a history of making bold predictions about Bitcoin. However, while he maintains his optimism about the leading cryptocurrency, his recent comments suggest a strategic shift in his crypto portfolio.
Meanwhile, in a recent X post, Kiyosaki predicted that Bitcoin price would reach a staggering $350,000 by August 2024. This bullish forecast, along with the timeline has sparked interest among the market participants. However, he acknowledges this as a forecast, not a guarantee, while emphasizing his belief in Bitcoin’s long-term potential.
In addition, his recent social media post highlights a focus on two other digital assets: Ethereum and Solana. While Kiyosaki expresses unwavering confidence in Bitcoin’s future, his latest remarks indicate a broader cryptocurrency strategy. He emphasizes actively accumulating Bitcoin, Ethereum, and Solana, citing a strong conviction in their price appreciation.
This shift suggests a diversification strategy beyond just Bitcoin. Kiyosaki doesn’t shy away from admitting his lack of absolute certainty about the future value of these specific cryptocurrencies. Instead, he lays out a rationale based on his perception of a larger economic trend.
However, commenting on Kiyosaki’s forecast for Bitcoin to hit $350K, analyst Willy Woo said that it would require $2.2 trillion to send BTC to that level. In addition, Willy Woo also said that “statistically”, it would be possible to reach that level in 2025.
Also Read: Crypto Stocks Record Inflows As Bitcoin Moves Past $71,000
A Closer Look Into His Remarks
Robert Kiyosaki has been a vocal critic of the current U.S. administration’s economic policies. He expresses a strong belief that the leadership’s incompetence will lead to negative economic consequences. This, according to Kiyosaki, creates a scenario where alternative assets like Bitcoin and other cryptocurrencies become more attractive.
Precisely, he has slammed U.S. President Joe Biden, Treasury Secretary Janet Yellen, and Federal Reserve Chair Jerome Powell for their incompetence. Considering that, he has urged investors to protect themselves by investing in alternate assets like Gold, cryptocurrencies, etc.
Meanwhile, by including Ethereum and Solana alongside Bitcoin, Kiyosaki appears to be hedging his bets within the cryptocurrency market. This diversified approach suggests a recognition of the volatile nature of the crypto market, while still capitalizing on the potential for significant growth.
Notably, the crypto market has witnessed a robust rally in recent days, with Bitcoin price trading over $71,000 today. On the other hand, Ethereum price soared 1.68% over the last 24 hours to $3,861.85. Simultaneously, Solana price added nearly 3% in the last seven days and exchanged hands at $173.45 during writing.
Also Read: Fidelity Bitcoin ETF FBTC Sees $0.5 Billion Inflows In Two Days, Hit’s Key Milestone
Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: