Solana
The analyst who predicted BTC would hit $350,000 is now betting on these two cryptos
Rich Dad Poor Dad author Robert Kiyosaki maintained his optimistic stance on the price of Bitcoin while revealing his interest in two other major cryptos. Meanwhile, this is not the first time that the renowned author has given an optimistic outlook for the cryptocurrency sector, especially for Bitcoin. However, what piques the interest of market participants is its confidence in a massive rise in the price of Bitcoin, as well as its confidence in two other cryptocurrencies: Ethereum and Solana.
Robert Kiyosaki sparks bullish remark for Bitcoin, Ethereum and Solana
Robert Kiyosaki, the author of the bestselling finance book, has a history of making bold predictions about Bitcoin. However, while he remains bullish on the leading cryptocurrency, his recent comments suggest a strategic shift in his cryptocurrency portfolio.
Meanwhile, in a recent X post, Kiyosaki predicted that Bitcoin the price would reach a staggering $350,000 by August 2024. This bullish prediction, along with the timeline, has piqued the interest of market participants. However, he acknowledges that this is a forecast and not a guarantee, while emphasizing his belief in the long-term potential of Bitcoin.
Additionally, his recent social media post highlights two other digital assets: Ethereum and Solana. While Kiyosaki expresses unwavering confidence in Bitcoin’s future, his latest remarks indicate a broader view cryptocurrency strategy. He emphasizes active accumulation of Bitcoin, Ethereum and Solana, citing strong conviction in their price appreciation.
This change suggests a diversification strategy beyond just Bitcoin. Kiyosaki is not shy about 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 broader economic trend.
However, commenting on Kiyosaki’s prediction that Bitcoin would hit $350,000, analyst Willy Woo said it would take $2.2 trillion to send BTC to that level. Furthermore, Willy Woo also declared that “statistically”, it would be possible to reach this level in 2025.
Read also: Crypto Stocks See Inflows as Bitcoin Surpasses $71,000
A Closer Look at His Remarks
Robert Kiyosaki has been a vocal critic of the current system the American administration
economic policies. He expresses his firm belief that the incompetence of leaders will lead to negative economic consequences. According to Kiyosaki, this creates a scenario in which alternative assets like Bitcoin and other cryptocurrencies become more attractive.
Precisely, he criticized the American president Joe Biden, Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell for their incompetence. Given this, he urged investors to protect themselves by investing in alternative assets like gold, cryptocurrencies, etc.
Meanwhile, by including Ethereum and Solana alongside Bitcoin, Kiyosaki appears to be hedging his bets in the cryptocurrency market. This diverse approach suggests a recognition of the volatile nature of the crypto market, while capitalizing on the potential for significant growth.
Notably, the crypto market has seen a strong recovery in recent days, with Bitcoin Price trading at over $71,000 today. On the other hand, Ethereum Price rose 1.68% in the last 24 hours to $3,861.85. Simultaneously, Solana Price has added nearly 3% over the past seven days and is exchanging hands at $173.45 at the time of writing.
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