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Author Topic: BITCOIN will be $350,000 by August 25, 2024 - Robert Kiyosaki  (Read 491 times)
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June 07, 2024, 08:29:48 AM
 #41

I saw this on X
https://x.com/theRealKiyosaki/status/1798476195232973066?t=Yj4SD273MFzq68WrQVdQ0A&s=35

BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers bait, but it’s not a lie becuase any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to be true…. but it is only a prediction. I am confident Bitcoin will hit $350,000 sometime in 2024 but for it’s only a target, a dream, and a wish.  I keep buying more Bitcoin, Ethereum, and Solana, because quite certain their prices will continue to rise. Why am I so confident?  Is it because I am certain about BC, Ethereum, and Solana?  My answer is “No.” What I am confident of is the incompetence of our leaders, President Biden, Treasury Secretary Yellin and Fed Chair Powell. Those three are the 3-Stooges in real life and I am certain, I am very confident about their incompetence.  Take care. Buy more Gold, Silver, Bitcoin, Solana, and Ethereum.  Protect your self from the 3- Stooges.

People that are experienced will know that he also meant that bitcoin may not get to $350000 in August or before the time but this can mislead people that are new. What we are expecting are all-time-high and six digits. I do not think bitcoin will make it up to $350000 on the next 5 years or more. I accept that bitcoin price will continue to increase than decrease in long period of time.
$350,000 already in August for bitcoin? Robert Kiyosaki prematurely inflates the likely price of btc. This can really give newbies false hopes, which means their subsequent disappointment in bitcoin. This is the danger of such forecasts, which should be voiced with caution, because the fan base of such talkers as Robert Kiyosaki is huge. Among whom there will certainly be followers who believe in these inflated forecasts.

Bitcoin will reach $350k one day, but not in a couple of months.

But the question is why did he deliberately make these predictions even though he knew it couldn't happen and would harm his fans? Many people think this is his way of attracting more attention to himself but that won't happen because everyone will soon find out his prediction is bullshit. He will even lose a large number of fans if he continuously makes statements that are inaccurate and harmful to them . I really cannot understand what his real purpose is in making unrealistic and impossible predictions.

But more importantly, why do we care what he says when we all know that what he says won't happen  Cheesy Cheesy Cheesy.

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June 07, 2024, 09:01:20 AM
 #42

People that are experienced will know that he also meant that bitcoin may not get to $350000 in August or before the time but this can mislead people that are new. What we are expecting are all-time-high and six digits. I do not think bitcoin will make it up to $350000 on the next 5 years or more. I accept that bitcoin price will continue to increase than decrease in long period of time.

He is one of the most optimistic individual that I have seen talking about Bitcoin, many of his predictions has been wrong before and he does not want to stop giving out prediction when he knows nothing about Bitcoin and this one will also be wrong because Bitcoin will not rise to that amount. $150,000 to $200,000 is a good price that we can be expecting the price of Bitcoin to reach. $350,000 can come after the next Bitcoin halving because if Bitcoin gets to $100,000 or $200,000 as the highest price for this bull market then there is a possibility of it getting to $350,000 in the next bull market. I think some of this predictions are just to entertain his followers to make them have something to discuss about. We should not use the predictions of others to buy Bitcoin with short term profits expectations.

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June 07, 2024, 10:32:14 AM
 #43

Since he is an influencer I think he tries to manipulate his followers to hoard more because something big is coming. For me this kind of thing is not that new in this industry. No one can really predict the market more accurately but as a crypto enthusiast and an investor we should have to prepare for it because anytime market will change especially if big players will ride on that and that might be an advantage for us to jump-in especially it is Bitcoin. Though $350k is somewhat impossible to reach that high this year but who know right?
i think its pretty common that some influential figure throwing around some random speculation just for the sake of garnering viewers and audiences, although the result is sometime disappointing there's nothing wrong i guess in having that kind of optimism. its just that some people take their speculation too seriously and considering it as a financial advice, just for the little warning that people shouldn't ever base their financial decision on some random influential figure out there, they always have ulterior motive at the end of the day, if tweeting doesn't benefit these influential figure they aren't gonna be tweeting a single tweet.
always consider these as just speculation and thats it and speculation mean it can be wrong or right no one knows its just an opinion based on some reasoning but doesn't necessarily guarantee the outcome to be the same exact prediction.

i mean warren buffet had his share of hate toward bitcoin saying its just a fad if i remember correctly, but he's probably wrong since it has gotten a lot recognition such as the ETF and so on.
https://finance.yahoo.com/news/warren-buffett-just-invested-1-163230481.html just see this article, the title itself is self explanatory, even an investor that is considered legendary like warren buffet has his share of wrong prediction about some certain thing.
so its pretty common for people to have mistakes, even this guy robert kiyosaki, he definitely being too overblown in his prediction, but he seems pretty optimistic that he's very sure his investment in bitcoin gonna turns out to be good, regardless the ulterior motive.

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June 07, 2024, 01:36:38 PM
 #44

....
People that are experienced will know that he also meant that bitcoin may not get to $350000 in August or before the time but this can mislead people that are new. What we are expecting are all-time-high and six digits. I do not think bitcoin will make it up to $350000 on the next 5 years or more. I accept that bitcoin price will continue to increase than decrease in long period of time.

i also find the price prediction a bit unrealistic because to reach that price it means bitcoin needs to break its ath and rise significantly, and i'm not sure that bitcoin has that kind of performance in just a few months. but that doesn't mean that i don't believe that bitcoin has a new ath in the next few months, it's just not as high as he said, maybe 100k sounds more realistic.

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June 07, 2024, 01:54:03 PM
 #45

I do not care what this guy saying, but it's also not impossible at this point as well. We have seen how unlikely it was even when he said it, he is not saying that it WILL happen, he says it's a possibility that he desires to be true, if it goes there then he would profit a lot and that is why he wants it to happen.

Can we say that technically it is impossible for it to happen? Of course not, we are not seeing why would it be technically impossible, we are seeing how it's quite possible in the end, however that is "technically" and he knows that it's unlikely and most probably it will not happen. This is why I think he is just saying that he wishes this, not predict, but wishes this to happen in the end and I think I wish the same thing anyways.

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June 07, 2024, 04:00:38 PM
 #46

Love you, OP, but would prefer we don't feed the flames of yearning from these pseudo-pop-economists. They'll keep saying irresponsible shit like that because they keep getting the exposure they crave. Doesn't harm people like us, I should hope, but my parents probably listen to him.

P.S. I really need to go back to school and learn to differentiate fact and lie, huh.

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June 07, 2024, 04:44:09 PM
 #47

I would say that while it’s good to expect the price of Bitcoin to rise, it's also important not to publish predictions with unrealistic levels as Robert is very known of making such price predictions where everyone shouldn’t take them seriously: such as Bitcoin reaching $350,000 in a very short period that’s insane. I personally believe that Bitcoin will reach its next ATH level soon, but I don't expect it to be as high as $350,000 where it is 400% increase and in less than three months.

I prefer to see a healthy chart with a steady bullish trend where Bitcoin increases by let’s say about 10% every month without significant drops in price. This chart growth is more sustainable and preferable than 100% increases followed by 200% or more pullbacks in a short period, which can be very unhealthy to the stability of the coin as Bitcoin is known by this feature. Gradual and consistent growth helps build a stronger market foundation and investor confidence which is something very known for investors and crypto users.

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June 07, 2024, 06:56:51 PM
 #48

I do not think bitcoin will make it up to $350000 on the next 5 years or more. I accept that bitcoin price will continue to increase than decrease in long period of time.
5 years is a very long time, anything can happen during those years and Bitcoin might go above that mark, however, I also don't think that Bitcoin is going anywhere near that prediction in just a matter of two months or so because August, 2024 isn't that far now. So, it's a complete miss calculation from him, and this shows us that sometimes these influencers and big names will say things that don't make much sense and we shouldn't believe whatever they say.

A lot of people tend to make their financial decisions based on what such people say about the future of cryptocurrencies or some projects in general, I find this to be completely foolish. A person should have enough sense to evaluate the market themselves and understand the upcoming possibilities.

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June 07, 2024, 11:18:55 PM
 #49

It will be his own analysis, but as far as my experience is concerned, Robert R. Kiyosaki speculated a bit more. From a technical point of view, the price of Bitcoin is not strong enough to reach the same price so quickly in this Short time period. As told by Robert Kiyosaki There is no doubt that Bitcoin is on an extreme bullish path but not as much as Robert R. Kiyosaki has claimed. I think this statement of Robert Kiyosaki about the price of bitcoin may be a pointless thing or just talk to create hype in the market. But guys, tell me a funny thing, which is also a fact, all the predictions made by Robert Kiyosaki have been proven wrong. It has not been proven, so now he is going to make another prediction, so do you think it will be possible, if his previous speculations were proven right, then we would believe that the person is an expert.
 
So to me this is just speculation that stands on a weak foundation.

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June 08, 2024, 08:58:24 AM
 #50

Not really sure where Robert got this number though,
He's just bullish whatever the season is in the market. I remember him always including Bitcoin with his financial talks and whatever podcasts or interviews that he's being asked.

He never fails to say and include Bitcoin with all of the potential assets that one should invest and this is why I understand him always bullish at all times.

No need to hurry for all of us, August 2024 seems unlikely but it's not impossible.
We are also bullish but not the same as him where he calls out high numbers, though he is not worse as the others who can call an even higher number in a short period of time. Market has two sides. Apart from bullish, we also have bearish and when it's bearish, I think it's not wrong to have a bearish mindset as well, I mean we can make predictions if how low the price can still go.

What I only like about this guy is that like you said, he was like promoting Bitcoin. The month of August is not unlikely but if we mean the price he called, then I'm sorry because I think 2 months is not enough to chase it. The max price that we might get this year can be $100k to $150k only but that is already a great achievement for BTC.

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June 08, 2024, 12:40:59 PM
Last edit: June 08, 2024, 12:54:13 PM by STT
 #51

He should say December not August and really the figure is just made up to get a headline, he has books to sell nothing more complicated then that.   He isnt lying but I have no doubt he'd be surprised if his prediction occurred and cursing not actually taking actions to match his words.


The reason its just pie in the sky prediction is Dollar is a part of the price which adds to volatility and obscures view.  To estimate BTC of this magnitude he must guess FED policy, future interest rates and all kinds of macro economic factors.  At 0% rates and 30% inflation then sure he starts to sound sensible.

The price could be anything so he might as well say a high figure.   Value not price is what matters, I dont estimate 350k in this decade simply because I would not estimate US Dollar to fall apart that fast.  


'Only' 10% inflation per annum will more then double prices of a range of assets from food to financial in ten years just iterating basic maths.  Thats accumulative losses of over 65% to every US Dollar so why shouldn't it alter prices upwards, this is the basic bottom line for Kiyosaki's theatrics.

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June 08, 2024, 12:54:15 PM
 #52

The last time this guy urged everyone to invest in something was before the crisis when he pushed everyone to put their money into real estate!
And guess what, there wre hundreds who agreed with him and who did so, the consequences we all know!

Seriously, we need to stop listening to these guys, especially since he's an author, he is no finance guru or something, he just writes good books, you don't use Tolkien's writings to teach military strategies and you don't use quotes Frank Herbert when talking about landing on Mars.
So how about we let this guy finally disappear in the cesspool of other wanna-be prophets before he comes too and says he will eat his dick live on tv?



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June 08, 2024, 06:16:46 PM
 #53

i also find the price prediction a bit unrealistic because to reach that price it means bitcoin needs to break its ath and rise significantly, and i'm not sure that bitcoin has that kind of performance in just a few months. but that doesn't mean that i don't believe that bitcoin has a new ath in the next few months, it's just not as high as he said, maybe 100k sounds more realistic.

100k$ is possible to achieve in a few months but 350000$ will take a lot of years so it refers to the fact that possibility is here to gain such a huge value but it is not possible to see such a high value in the current year or during a few months. There are a large number of individuals who have predicted the price of Bitcoin but the mentioned value is so high that one cannot say anything about its reality.

I am not saying that Bitcoin will never attain such a huge value but it is not possible that during this bull season Bitcoin will reach the highest value of 350000$ but still it is crypto and anything can happen so first wait for 100k$ and let's see what happens after that.



 

 

 

 

 

 


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June 08, 2024, 07:24:24 PM
 #54

People that are experienced will know that he also meant that bitcoin may not get to $350000 in August or before the time but this can mislead people that are new. What we are expecting are all-time-high and six digits. I do not think bitcoin will make it up to $350000 on the next 5 years or more. I accept that bitcoin price will continue to increase than decrease in long period of time.

Is this guy even serious about what he’s saying, he doesn’t look to be serious but just joking away with people by speculating the price of bitcoin to be this high by August 25, 2024. The crypto space is full of different kind of people that mostly look for attention from selling fake and rumored news around which in its real sense doesn’t even make sense to think of in the first place.

Bitcoin price will continue to rise for years to come, but it’s no where getting close to that value this year or even the next. The next cycle of bitcoin we are about to experience at bull run, I don’t think the upcoming one after it will even make bitcoin rise that high to be honest. He’s just joking around, so newbies shouldn’t fall for it because it’s obviously a big fat lie.

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June 08, 2024, 10:51:29 PM
 #55

I saw this on X
https://x.com/theRealKiyosaki/status/1798476195232973066?t=Yj4SD273MFzq68WrQVdQ0A&s=35

BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers bait, but it’s not a lie becuase any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to be true…. but it is only a prediction. I am confident Bitcoin will hit $350,000 sometime in 2024 but for it’s only a target, a dream, and a wish.  I keep buying more Bitcoin, Ethereum, and Solana, because quite certain their prices will continue to rise. Why am I so confident?  Is it because I am certain about BC, Ethereum, and Solana?  My answer is “No.” What I am confident of is the incompetence of our leaders, President Biden, Treasury Secretary Yellin and Fed Chair Powell. Those three are the 3-Stooges in real life and I am certain, I am very confident about their incompetence.  Take care. Buy more Gold, Silver, Bitcoin, Solana, and Ethereum.  Protect your self from the 3- Stooges.

People that are experienced will know that he also meant that bitcoin may not get to $350000 in August or before the time but this can mislead people that are new. What we are expecting are all-time-high and six digits. I do not think bitcoin will make it up to $350000 on the next 5 years or more. I accept that bitcoin price will continue to increase than decrease in long period of time.
Talk is very cheap, so I don't give someone like him a thought. But one thing that is annoying is for some people to be running their mouths but only to claim they speculate. Speculation without a constructive reason for the claim? All I can see is a clown who doesn't even know what he is saying and why he is saying it. You can imagine Bitcoin that is still struggling to hit back its current ATH at about $73,850 talkless of breaching it towards a higher level and hitting the milestone psychology level of $100,000 which is now more expected by people reaching $350,000 just like that.

The struggle of the coin to proceed higher can only be because of the lack of more liquidity. How will it easily hit $350,000 which is multiple times its current ATH in August which is barely 2 months ahead? This is a joke! To make matters worse, he has no useful reason but to blame Joe Biden, Janet Yellen and Jerome Powell who are partly controlling the power of the USD. Could it mean that the USD will be so useless and fall so much to the point that BTC will be able to rise higher since the two are paired together (BTC/USD)? If this happened, then the whole financial market would have been in trouble.

This guy should just be disregarded in all senses.

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June 08, 2024, 11:40:11 PM
 #56

Love you, OP, but would prefer we don't feed the flames of yearning from these pseudo-pop-economists. They'll keep saying irresponsible shit like that because they keep getting the exposure they crave. Doesn't harm people like us, I should hope, but my parents probably listen to him.

P.S. I really need to go back to school and learn to differentiate fact and lie, huh.
This one is probably the most crap and nonsense prediction I ever heard about bitcoin this year. This is just his own way of making himself famous again even in the most foolish way. I don’t have worries for all who have been here for quite longer, as they have known already how bitcoin mostly moves unpredictably, but for newbies who only want quick and big profits, I’m sure they will die hard believing on this and might be more encourage to invest all in with bitcoin.

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June 08, 2024, 11:57:22 PM
 #57

Kiyosaki's probably got a lot of money on the bitcoin market, that's why he's hyping it up so much right now, he wants to make sure that people would be panic buying right now because of the fear that they might regret it later because they missed out on it. I don't want to say that I don't believe him but is the statement really grounded to a reality of some kind? Because if not then I don't think there's any point in listening to them, they can just continue on their merry way. Seriously though, has this man ever thought how difficult it is to break some of the resistance in the bitcoin market?
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June 09, 2024, 12:45:03 AM
 #58

I think the only reason Robert Kiyosaki makes these outrageously incorrect claims that he knows is laughably incorrect, is because it gets him media attention and that leads to more people learning who he is and buying his book.  I don't even think he really cares about Bitcoin.  He's just trying to get more fame and sell more books to get more USD.  I would be surprised if he owned more BTC than most of the folks that comment regularly on these boards.  His book is worth the read, but he's been irrelevant since.

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June 09, 2024, 01:50:46 AM
 #59

I saw this on X
https://x.com/theRealKiyosaki/status/1798476195232973066?t=Yj4SD273MFzq68WrQVdQ0A&s=35

BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers bait, but it’s not a lie becuase any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to be true…. but it is only a prediction. I am confident Bitcoin will hit $350,000 sometime in 2024 but for it’s only a target, a dream, and a wish.  I keep buying more Bitcoin, Ethereum, and Solana, because quite certain their prices will continue to rise. Why am I so confident?  Is it because I am certain about BC, Ethereum, and Solana?  My answer is “No.” What I am confident of is the incompetence of our leaders, President Biden, Treasury Secretary Yellin and Fed Chair Powell. Those three are the 3-Stooges in real life and I am certain, I am very confident about their incompetence.  Take care. Buy more Gold, Silver, Bitcoin, Solana, and Ethereum.  Protect your self from the 3- Stooges.

People that are experienced will know that he also meant that bitcoin may not get to $350000 in August or before the time but this can mislead people that are new. What we are expecting are all-time-high and six digits. I do not think bitcoin will make it up to $350000 on the next 5 years or more. I accept that bitcoin price will continue to increase than decrease in long period of time.
Actually he has a point here because where can that 350k coming when we are even waiting
for 100k breaking then what more that 350? i do not question bitcoin reaching that high but i will
completely deny this coming at August this year.
I think the only reason Robert Kiyosaki makes these outrageously incorrect claims that he knows is laughably incorrect, is because it gets him media attention and that leads to more people learning who he is and buying his book.  I don't even think he really cares about Bitcoin.  He's just trying to get more fame and sell more books to get more USD.  I would be surprised if he owned more BTC than most of the folks that comment regularly on these boards.  His book is worth the read, but he's been irrelevant since.
He is getting famous and famous each year , and maybe you are correct that  he kept
making noises for more popularity mate.
but in the end we as crypto users or Bitcoin users that needs to look for our money .

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June 09, 2024, 02:20:27 AM
 #60

I saw this on X
https://x.com/theRealKiyosaki/status/1798476195232973066?t=Yj4SD273MFzq68WrQVdQ0A&s=35

BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers bait, but it’s not a lie becuase any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to be true…. but it is only a prediction. I am confident Bitcoin will hit $350,000 sometime in 2024 but for it’s only a target, a dream, and a wish.  I keep buying more Bitcoin, Ethereum, and Solana, because quite certain their prices will continue to rise. Why am I so confident?  Is it because I am certain about BC, Ethereum, and Solana?  My answer is “No.” What I am confident of is the incompetence of our leaders, President Biden, Treasury Secretary Yellin and Fed Chair Powell. Those three are the 3-Stooges in real life and I am certain, I am very confident about their incompetence.  Take care. Buy more Gold, Silver, Bitcoin, Solana, and Ethereum.  Protect your self from the 3- Stooges.

People that are experienced will know that he also meant that bitcoin may not get to $350000 in August or before the time but this can mislead people that are new. What we are expecting are all-time-high and six digits. I do not think bitcoin will make it up to $350000 on the next 5 years or more. I accept that bitcoin price will continue to increase than decrease in long period of time.

Don’t take investment advice from Robert Kiyosaki here



Best not to take investment advice from him, because you'll notice he's been speculating since 2011. So I think this advice is very likely to confuse new investors or any investor.


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