The author of the books “Rich Dad, Poor Dad” and Bitcoin (BTC) enthusiast Robert Kiyosaki supported the leading cryptocurrency, which will reach a price of $350,000 in 2025. This bold prediction is accompanied by pointed comments against the asset manager BlackRock, which Kiyosaki accuses of trying to manipulate BTC prices.
BlackRock sells BTC to market whales – Kiyosaki
IN post X from December 27Kiyosaki claimed that BlackRock, led by Larry Fink, is is currently offloading gigantic amounts of Bitcoin, expressing his distrust of the asset manager’s involvement in the BTC market.
The American author repeated the views of Republican Vivek Ramaswamy, who described Larry Fink as a shareholder capitalist, i.e. people focused on maximizing profits for shareholders, and not stakeholder capitalists who take into account the interests of employees and the community.
As such, Kiyosaki further maintains that BlackRock is intentionally driving Bitcoin’s price below $100,000 through a sell-off to allow whales to purchase at lower prices.
Really, data from Arkham Intelligence shows that BlackRock recently transferred +203 million BTC to Coinbase Prime in the last two days. However, it remains to be seen whether BlackRock intends to sell these assets or simply retain ownership of the deposit portfolio.
Additionally, Robert Kiyosaki advises against investing in BTC through BlackRock’s ETF, advocating the introduction of a direct investment mode.
Ironically, BlackRock boasts the largest Bitcoin Spot ETF, i.e. IBIT with net assets of $52.71 billion. Amid rumors of BlackRock’s planned market decongestion and the continued decline in BTC prices, IBIT recorded its largest-ever market outflow of $188 million on December 26, according to data from SoSoValue.
Nevertheless, Robert Kiyosaki supports Bitcoin’s solid bullish structure despite BlackRock’s alleged price manipulation antics. The author maintains his belief in purchasing more BTC, which he believes will reach $350,000 per piece in 2025.
Bitcoin price overview
At the time of writing, Bitcoin is trading at $94,405, reflecting a loss of 1.88% over the past day. However, its daily trading volume increased by 12.95% and is valued at $51.35 billion.
According to the daily chart, Bitcoin’s immediate resistance is $100,000, and breaking it could result in a return to the $108,000 price region, marking a complete price recovery for the leading cryptocurrency. Although another rejection at $100,000 will force BTC to maintain its current consolidation pattern.
Regardless, Bitcoin is still the largest digital asset by market capitalization with a total market share of $1.86 trillion, translating to a cryptocurrency market dominance of 56.8%.
Featured image from Crypto & Gambling News Box, chart from Tradingview
