“Rich Dad Poor Dad” author and bitcoin (btc) enthusiast Robert Kiyosaki has backed the leading cryptocurrency to reach a price of $350,000 by 2025. This bold prediction is accompanied by critical comments against the asset manager BlackRock, whom Kiyosaki accuses of trying to manipulate btc prices. price.
BlackRock sells btc in favor of market whales – Kiyosaki
In <a target="_blank" href="https://x.com/theRealKiyosaki/status/1872665122440704137″ target=”_blank” rel=”noopener nofollow”>a post x on December 27Kiyosaki stated that BlackRock, under the leadership of Larry Fink, is currently downloading large amounts of bitcoin while expressing distrust about the asset manager's involvement in the btc market.
The American author reiterated the views of Republican Vivek Ramaswamy, who described Larry Fink as a shareholder capitalist, that is, people who focus on maximizing returns for shareholders rather than self-interested capitalists who consider the interests of employees and the communities.
In this regard, Kiyosaki further alleges that BlackRock is deliberately suppressing the price of bitcoin below $100,000 through liquidations to allow market whales to buy at lower prices.
Really, Arkham Intelligence data shows that BlackRock has recently moved +$203 million of btc to Coinbase Prime in the last two days. However, it remains to be seen whether BlackRock intends to sell these assets or simply maintain ownership of a custodial wallet.
Furthermore, Robert Kiyosaki advises against investing in btc through the BlackRock ETF, preaching a current direct investment mode.
Ironically, BlackRock boasts of having the largest bitcoin spot ETF, i.e. IBIT, with $52.71 billion in net assets. Amid rumors of a planned BlackRock market dump and the continued decline in btc price, IBIT recorded its largest market outflow of $188 million on December 26, according to <a target="_blank" href="https://sosovalue.com/bigChart/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&coin=btc&page=usBTC” target=”_blank” rel=”noopener nofollow”>SoSoValue data.
However, Robert Kiyosaki supports bitcoin's solid bullish structure despite BlackRock's alleged price manipulation antics. The author affirms his conviction to buy more btc which, he predicts, will reach $350,000 per unit in 2025.
bitcoin Price Overview
At the time of writing, bitcoin is trading at $94,405, reflecting a 1.88% loss over the past day. However, its daily trading volume increased by 12.95% and is valued at $51.35 billion.
According to its daily chart, bitcoin's immediate resistance stands at $100,000, surpassing it may drive a return to the $108,000 price region, marking a full recovery in the price of the leading cryptocurrency. However, another rejection of $100,000 will force btc to maintain its current consolidation pattern.
Regardless, bitcoin continues to rank as the largest digital asset by market capitalization with total market shares of $1.86 trillion, translating to 56.8% crypto market dominance.
Featured image from crypto & Gambling News Box, Tradingview chart
