Robert Kiyosaki, the author of \u201cRich Dad, Poor Dad\u201d and a supporter of Bitcoin (BTC), has boldly predicted that the cryptocurrency will reach a value of $350,000 by 2025. His forecast comes with sharp criticisms of asset manager BlackRock, which he accuses of attempting to influence the price of BTC.<\/p>\n
In a recent post on X dated December 27, Kiyosaki accused BlackRock and its CEO Larry Fink of selling substantial amounts of Bitcoin, expressing his skepticism regarding the firm\u2019s role in the BTC market. He echoed sentiments from politician Vivek Ramaswamy, who characterized Fink as a shareholder capitalist\u2014an individual focused solely on maximizing shareholder returns rather than considering the interests of employees and the broader community.<\/p>\n
Kiyosaki further argued that BlackRock is intentionally keeping Bitcoin\u2019s price below $100,000 through sell-offs, enabling large market players (whales) to acquire BTC at reduced prices. Data from Arkham Intelligence supports his claims, revealing that BlackRock transferred over $203 million in Bitcoin to Coinbase Prime within a couple of days. It remains uncertain whether these assets are up for sale or merely held in a custodial wallet.<\/p>\n
He warns potential investors against purchasing Bitcoin through BlackRock\u2019s ETF, advocating instead for a direct investment approach.<\/p>\n
Interestingly, BlackRock manages the largest Bitcoin Spot ETF, IBIT, which holds $52.71 billion in net assets. In light of rumors surrounding BlackRock\u2019s planned market actions and the decline in Bitcoin\u2019s price, IBIT experienced its highest market outflow of $188 million on December 26, as per data from SoSoValue.<\/p>\n
Despite these allegations of manipulation, Kiyosaki remains bullish on Bitcoin\u2019s potential and asserts his plan to buy more BTC, confidently predicting it will reach $350,000 by 2025.<\/p>\n
As of now, Bitcoin is trading at $94,405, down 1.88% over the past 24 hours, although trading volume has risen by 12.95%, totaling $51.35 billion. According to its daily chart, Bitcoin\u2019s immediate resistance level is at $100,000; surpassing this could see it return to around $108,000, indicating a full recovery for the cryptocurrency. Conversely, failing to break through $100,000 would keep BTC in its current consolidation pattern.<\/p>\n
Regardless, Bitcoin continues to hold its position as the leading digital asset by market capitalization, with a total market value of $1.86 trillion, representing a 56.8% share of the crypto market.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Robert Kiyosaki, the author of \u201cRich Dad, Poor Dad\u201d and a supporter of Bitcoin (BTC), has boldly predicted that the cryptocurrency will reach a value of $350,000 by 2025. His forecast comes with sharp criticisms of asset manager BlackRock, which he accuses of attempting to influence the price of BTC. Kiyosaki\u2019s Critique of BlackRock In […]<\/p>\n","protected":false},"author":14,"featured_media":25383,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Poised for $350,000 Surge, Kiyosaki Dismisses BlackRock Concerns - Bitrabo","description":"Robert Kiyosaki, the author of \u201cRich Dad, Poor Dad\u201d and a supporter of Bitcoin (BTC), has boldly predicted that the cryptocurrency will reach a value of $350,00"},"footnotes":""},"categories":[316],"tags":[448,1920,1854,1180,1679,1460,3631,1006],"class_list":["post-25382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-blackrock","tag-fears","tag-hit","tag-kiyosaki","tag-robert","tag-selloff","tag-set"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/25382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=25382"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/25382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/25383"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=25382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=25382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=25382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}