Value

Chair

FOMO

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Robert Kiyosaki believes Bitcoin could reach $350,000 this year, by August 25.</li> 
 <li>Bitcoin on-chain analyst, Willy Woo, explains what could trigger BTC to reach the mark.</li> 
</ul> 
Robert Kiyosaki, American author of the “Rich Dad Poor Dad” series of personal finance books, <a href="https://x.com/theRealKiyosaki/status/1798476195232973066" rel="nofollow" target="_blank">predicted</a> that <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> could reach $350,000 by August 25, 2024. 
In a post on X, he said that this is not a lie, but a prediction, a speculation, or an opinion. 
He explained that predictions for the future are not lies, and he wants this one to become a fact. He continued and said that he wants BTC to reach this mark, but this is only a target and a wish. 
He goes on to say that he keeps buying more Bitcoin, Ethereum, and Solana because he is certain that their prices will continue to rise. 
He also highlighted the “incompetence of our leaders, President Biden, Treasury Secretary Yellin and Fed Chair Powell.” He named them the “3-Stooges in real life.” 
He told people to buy more gold, silver, Bitcoin, Solana, and Ethereum in order to protect themselves. 
<h2 id="willy-woo-explains-kiyosaki-s-prediction">Willy Woo explains Kiyosaki’s prediction</h2> 
Bitcoin on-chain analyst Willy Woo<a href="https://x.com/woonomic/status/1798582355139158518" rel="nofollow" target="_blank"> told</a> Kiyosaki that such a prediction for Bitcoin’s price could become a reality if $2.2 trillion dollars could flow into BTC before August 25. 
He also<a href="https://x.com/woonomic/status/1798581010780811762" rel="nofollow" target="_blank"> said</a> that this could be statistically possible in 2025 if monetary debasement resumes, but there is no way that this could happen this year, outside of a bullish black swan. 
Woo also explained how he reached his $2.2 trillion market capitalization for Bitcoin result. 
He brought up MVRV (Market Value to Realised Value Ratio) which compares the market cap and the money stored in the network. 
He said that the multiplier oscillates roughly between 1 and 5, depending on the liquidity and FOMO in the market. He said that he is using a rough 2.5x for this stage of the bull market. 
Woo explained that $350,000 for BTC implies a $6.9 trillion market capitalization. 
He continued and said there’s a need to work out how much additional capital is needed to be pumped into the network with a 2.5x multiplier on capitalization for every dollar invested. 
In reality, “you can buy all the BTC available and the supply shock would take you to $350k with much less capital,” he believes. 
Woo also said that the OGs would unload their coins after this, the TradFi guys would short the futures, and the steady state after they dump would result in this calculation. 
He also shared a graph to support his conclusion. 
<a href="https://x.com/woonomic/status/1798603524047290546/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" class="alignnone" src="https://pbs.twimg.com/media/GPXq_fDbwAADfXv?format=jpg&amp;name=4096x4096" alt="" width="2268" height="1744" title="Robert Kiyosaki's $350k Bitcoin Prediction For 2024 Explained By Willy Woo 6"></a> 
Woo recently <a href="https://crypto.ro/en/news/why-2024-2025-bitcoin-bull-market-is-different-from-2020-2021/">pointed out</a> the differences between the 2024-2025 <a href="https://crypto.ro/en/news/analyst-predicts-bitcoin-surge-to-new-highs-72k-price-sparks-momentum/">Bitcoin</a> bull market and the one in 2020-2021.

Robert Kiyosaki’s $350k Bitcoin Prediction For 2024 Explained By Willy Woo

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