Author of "Rich Dad, Poor Dad" and a well-known Bitcoin supporter, Robert Kiyosaki, has made a bold prediction, stating that Bitcoin (BTC) could reach the impressive price of $350,000 by 2025. This forecast follows his criticism of asset management giant BlackRock, accusing them of attempting to manipulate Bitcoin’s price.
BlackRock’s Alleged Bitcoin Strategy
In a post on December 27, Kiyosaki expressed serious concerns about BlackRock’s current actions under the leadership of Larry Fink. According to him, BlackRock is offloading significant amounts of Bitcoin, raising doubts about their intentions within the BTC market. Kiyosaki echoes the sentiments of Republican Vivek Ramaswamy, who labeled Larry Fink as a shareholder capitalist—focused solely on maximizing shareholder profits rather than considering the broader interests of stakeholders like employees and communities.
Kiyosaki further suggests that BlackRock is intentionally holding Bitcoin’s price below $100,000 by selling off assets, enabling market whales to buy at reduced prices. While data from Arkham Intelligence indicates that BlackRock recently transferred over $203 million worth of Bitcoin to Coinbase Prime in just two days, it’s unclear if their intent is to sell or simply manage these assets in a custodial wallet.
Moreover, Robert Kiyosaki advises investors to avoid acquiring Bitcoin through BlackRock’s ETF, instead urging them to invest directly. In an ironic twist, BlackRock operates the largest Bitcoin Spot ETF, IBIT, managing assets worth $52.71 billion. Amidst whispers of BlackRock planning to offload a substantial portion of the market and Bitcoin’s continuing price dip, the IBIT fund saw its largest ever market outflow of $188 million on December 26, as per SoSoValue data.
Despite these developments, Kiyosaki remains confident in Bitcoin’s potential for growth, dismissing any alleged price manipulation tactics by BlackRock. He stands firm in his decision to purchase more Bitcoin, sticking to his prediction that it will skyrocket to $350,000 by 2025.
Current Bitcoin Price Insights
As of now, Bitcoin is trading at $94,405, down by 1.88% in the last 24 hours. Nonetheless, its daily trading volume has increased by 12.95%, totaling $51.35 billion. Examining the daily chart, Bitcoin faces immediate resistance at $100,000. Surpassing this barrier could drive its price back to the $108,000 range, marking a significant recovery for the leading cryptocurrency. However, if Bitcoin faces another rejection at $100,000, it may remain within its current consolidation phase.
Regardless, Bitcoin remains the largest digital asset by market capitalization, holding a total market share of $1.86 trillion. This dominance translates to a 56.8% share of the overall crypto market.
Image courtesy of Crypto & Gambling News Box, chart derived from Tradingview.
