- BTC could hit $350K in two months per Kiyosaki.
However, the level is way too bold to be achieved statistically in 2024.
As a crypto investor with some experience in the market, I find Kiyosaki’s prediction of $350K per BTC within the next two months to be overly optimistic based on current market trends and statistical analysis. While it’s true that many analysts predict significant price growth for Bitcoin in the coming years, the move from our current price range to $350K represents a 5X increase within a relatively short timeframe.
As a crypto investor, I’m keeping a close eye on Bitcoin (BTC) and following the predictions of industry leaders and market analysts. They believe that Bitcoin is likely to break out of its current price range between $60,000 and $71,000 before the end of the year. Mike Novogratz of Galaxy Digital is even more optimistic, setting his sights on a target of $100,000 for the end of 2024, providing Bitcoin manages to surpass its all-time high of $73,000.
Crypto analyst PlanB envisions a potential achievement of $500,000 for a single Bitcoin during this ongoing market surge.
Roberts Kiyosaki, a successful entrepreneur and writer of the book “Rich Dad, Poor Dad,” has made a daring forecast: Bitcoin could reach a price of $350,000 within the next two months.
As a confident crypto investor, I firmly believe that Bitcoin’s value will reach $350,000 by August 25, 2024. This is not a fabrication or falsehood. It’s simply my prediction based on current market trends and my understanding of the cryptocurrency landscape. Of course, it involves some degree of speculation and subjectivity, but I stand by my opinion.
As a crypto investor, I believe Kiyosaki’s prediction could hold true due to the perceived ineptitude of our current leadership. With President Biden, Treasury Secretary Yellen, and Fed Chair Powell at the helm, some investors may worry about the potential mismanagement of economic policies that could negatively impact the crypto market.
Is $350K per BTC too optimistic?
According to cryptocurrency expert Willy Woo, Robert Kiyosaki’s prediction of Bitcoin reaching $350,000 within two months is considered overly ambitious by some analysts. This projected increase represents a fivefold gain in a relatively short timeframe.
Maybe in 2025, Woo noted,
As a researcher examining economic trends, I would put it this way: “It’s statistically plausible for monetary debasement to resume around 2025. However, the likelihood is next to nil that it will occur before then, outside of an extremely unexpected and positive market disruption or ‘bullish black swan’ event.”
It’s intriguing how the Stock-to-Flow (S2F) model supported Woo’s contention and predicted a Bitcoin price of around $350,000 by March 2025.
Based on historical data, the Stock-to-Flow (S2F) model, which utilizes Bitcoin’s supply schedule, has accurately forecasted the cryptocurrency’s price trends in the past. Since the amount of newly mined Bitcons decreases over time, the Bitcoin supply shrinks and the S2F ratio value consequently rises.
According to the model’s predictions, Bitcoin’s value is anticipated to increase due to decreasing supply in the future. The model estimates that Bitcoin could reach a price between $80,000 and $85,000 by August 2024, which is lower than Robert Kiyosaki’s forecast of $350,000.
As a researcher observing the Bitcoin market, I would anticipate that after this current price surge, BTC may experience a pullback towards its previous demand level, approximately $70,000. Following this potential dip, there’s a possibility for BTC to rebound and reach the next resistance point at around $72,000.
As a crypto investor, I closely monitor liquidity data provided by platforms like Coinglass to gain insights into potential price movements. The data revealed significant magnetic levels where price action was likely to occur at around $70,000 and $72,300, as signified by the orange levels on the chart.
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2024-06-06 18:15