Robert Kiyosaki Predicts Bitcoin Will Reach $350,000 Amid BlackRock Controversy
Robert Kiyosaki predicts Bitcoin will reach $350,000 by 2025 while criticizing BlackRock for allegedly manipulating Bitcoin’s price through large sell-offs. Despite these concerns, Kiyosaki encourages direct investment in Bitcoin rather than through BlackRock’s ETFs, maintaining a bullish outlook on the cryptocurrency’s future.
Robert Kiyosaki, the well-known author of “Rich Dad, Poor Dad,” has asserted that Bitcoin (BTC) is poised to reach an extraordinary price of $350,000 by 2025. This bold forecast occurs against the backdrop of criticisms directed at BlackRock, the global asset management firm. Kiyosaki claims that BlackRock is deliberately selling off significant portions of Bitcoin in an effort to manipulate its market value, allowing large market participants to acquire assets at reduced prices.
In a recent post on social media, Kiyosaki expressed his concerns regarding BlackRock’s operations, specifically citing the actions of CEO Larry Fink. He contends that BlackRock is prioritizing shareholder profits over the broader interests of the market and stakeholders, perpetuating a narrative that aligns with the sentiments of Republican political figure Vivek Ramaswamy. Kiyosaki suggests that by offloading Bitcoin, BlackRock is creating downward pressure on the asset’s price, keeping it below the $100,000 threshold, which he believes is ultimately detrimental to the cryptocurrency’s growth potential.
Recent data from Arkham Intelligence suggests that BlackRock has transferred over $203 million in Bitcoin to Coinbase Prime within a two-day span. It remains unclear whether these transactions are indicative of a sell-off or merely a strategic move to secure their holdings. Kiyosaki has advised against investing in Bitcoin via BlackRock’s exchange-traded funds (ETFs), advocating instead for direct investment in Bitcoin to circumvent potential manipulation.
Notably, despite these concerns, BlackRock currently administers the largest Bitcoin Spot ETF, known as IBIT, which has amassed $52.71 billion in assets. However, data from SoSoValue revealed that IBIT experienced its largest single-day outflow of $188 million on December 26, amid speculation regarding BlackRock’s market strategies and Bitcoin’s fluctuating price.
Despite these challenges, Kiyosaki remains optimistic about Bitcoin’s prospects, reinforcing his commitment to continue purchasing the asset. As Bitcoin trades at $94,405, a 1.88% decrease in the last 24 hours, Kiyosaki’s predictions highlight a bullish sentiment among some investors, pointing to resistance levels at $100,000 that, if overcome, could ignite further price recovery toward $108,000. Bitcoin maintains its status as the largest cryptocurrency by market capitalization, holding a total market share of $1.86 trillion, equating to a dominance of 56.8%.
This article discusses the recent commentary by Robert Kiyosaki regarding Bitcoin’s potential price trajectory and the alleged impact of BlackRock on the cryptocurrency market. Kiyosaki’s forecast of Bitcoin reaching $350,000 by 2025 is juxtaposed with concerns he raises about BlackRock’s actions in the market, suggesting that the company is manipulating prices to benefit larger investors. The discussion reflects broader themes of trust, market dynamics, and investment strategies within the cryptocurrency space, which are critical for investors and commentators alike to understand.
In summary, Robert Kiyosaki projects an optimistic future for Bitcoin, forecasting a price of $350,000 by 2025, even as he levels accusations against BlackRock for purported price manipulation. His views echo concerns about the larger implications of institutional investment on cryptocurrency prices. Despite recent sell-offs and market volatility, Kiyosaki’s advocacy for direct Bitcoin investment resonates with a growing movement among crypto enthusiasts who anticipate substantial long-term growth in digital assets.
Original Source: bitcoinist.com
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