Robert Kiyosaki, the author of “Rich Dad, Poor Dad” and a Bitcoin enthusiast, has made a bold prediction that Bitcoin (BTC) will reach a price of $350,000 by the year 2025. Alongside this prediction, Kiyosaki has also criticized asset manager BlackRock, accusing them of trying to manipulate the price of BTC.
In a post on X on December 27, Kiyosaki claimed that BlackRock, under the leadership of Larry Fink, is currently selling off large amounts of Bitcoin. He expressed his distrust of the asset manager’s involvement in the BTC market. Kiyosaki echoed the views of republican Vivek Ramaswamy, who described Larry Fink as a shareholder capitalist focused on maximizing returns for shareholders rather than considering the interests of employees and communities.
Kiyosaki went on to allege that BlackRock is intentionally suppressing the price of Bitcoin below $100,000 by selling off assets to allow market whales to purchase at lower prices. Data from Arkham Intelligence shows that BlackRock has recently moved over $203 million worth of BTC to Coinbase Prime in the past two days. It remains to be seen whether BlackRock intends to sell these assets or simply maintain ownership in a custodial wallet.
Despite BlackRock’s actions, Kiyosaki advises against investing in BTC through BlackRock’s ETF, urging direct investment instead. Ironically, BlackRock boasts the largest Bitcoin Spot ETF, IBIT, with $52.71 billion in net assets. In the midst of rumors of a planned offload by BlackRock and the ongoing decline in BTC price, IBIT experienced its largest market outflow ever of $188 million on December 26, according to data from SoSoValue.
Nevertheless, Kiyosaki remains bullish on Bitcoin’s future, dismissing BlackRock’s alleged manipulation tactics. He reaffirms his commitment to purchasing more BTC and predicts that it will reach $350,000 per unit by 2025.
As of the current writing, Bitcoin is trading at $94,405, reflecting a loss of 1.88% in the past day. However, its daily trading volume has increased by 12.95% to $51.35 billion. Bitcoin’s immediate resistance is at $100,000, and breaking past this level could lead to a return to the $108,000 price region, marking a total price recovery for the cryptocurrency. Failure to breach $100,000 may result in BTC maintaining its current consolidation pattern.
Bitcoin remains the largest digital asset by market cap, with total market shares of $1.86 trillion and a crypto market dominance of 56.8%.
In conclusion, Robert Kiyosaki’s optimistic outlook on Bitcoin’s future contrasts with his criticism of BlackRock’s alleged price manipulation. Despite the challenges in the market, Kiyosaki remains confident in Bitcoin’s long-term potential and encourages direct investment in the cryptocurrency. The future of Bitcoin remains uncertain, but Kiyosaki’s predictions offer hope for investors looking to capitalize on the digital asset’s growth.
