Robert Kiyosaki, author of “Rich Dad, Poor Dad,” is sticking to his bullish Bitcoin prediction. He believes BTC will reach a whopping $350,000 by 2025. This bold prediction comes amidst accusations against BlackRock.
Kiyosaki Accuses BlackRock of Market Manipulation
Kiyosaki claims BlackRock, led by Larry Fink, is dumping Bitcoin to manipulate the price. He accuses them of being “shareholder capitalists,” prioritizing shareholder returns over the interests of employees and the community. He alleges BlackRock is suppressing the price below $100,000 to let “market whales” buy at a discount.
While data shows BlackRock recently moved over $200 million worth of BTC to Coinbase Prime, it’s unclear if this is for selling or simply custodial purposes. Kiyosaki advises against investing in Bitcoin through BlackRock’s ETF, recommending direct investment instead. This is ironic, considering BlackRock’s Bitcoin Spot ETF (IBIT) is massive, holding over $52 billion in assets. Interestingly, IBIT saw its largest ever outflow ($188 million) on December 26th, coinciding with rumors of BlackRock selling off its Bitcoin holdings.
Kiyosaki Remains Bullish on Bitcoin
Despite these concerns, Kiyosaki remains confident in Bitcoin’s future. He plans to buy more BTC and maintains his $350,000 price prediction for 2025.
Bitcoin’s Current State
At the time of writing, Bitcoin is trading around $94,405, down slightly. However, trading volume is up, suggesting continued activity. The immediate resistance level is $100,000. Breaking through this could send Bitcoin back towards $108,000. Failure to break through $100,000 might keep Bitcoin in its current trading range. Regardless, Bitcoin remains the dominant cryptocurrency, holding a market cap of $1.86 trillion and a 56.8% market share.
