Robert Kiyosaki, a proponent of Bitcoin (BTC) and the author of the book "Rich Dad, Poor Dad," forecasts that the value of the cryptocurrency will reach $350,000 by 2025. Kiyosaki is also a shareholder in the cryptocurrency. One example of decentralized digital money is Bitcoin. In addition to making this bold assertion, Kiyosaki has also voiced his strong thoughts against the asset management firm BlackRock, which he considers to be seeking to exercise influence over the price of Bitcoin. Kiyosaki has said that BlackRock is attempting to manipulate the price of Bitcoin.
Kiyosaki vs BlackRock
In an X post on December 27, Kiyosaki said BlackRock, run by Larry Fink, sells much of Bitcoin. He also said he didn't trust the asset manager's role in the Bitcoin market. Vivek Ramaswamy, a Republican, said that Larry Fink was a shareholder capitalist. His main goal is to make as much money as possible for owners instead of caring about the needs of workers and communities. The American author agreed with Ramaswamy. In this way, Kiyosaki also says that BlackRock is lowering Bitcoin's price below $100,000 by selling off large amounts of Bitcoin so that market whales can buy at lower prices. In fact, Arkham Intelligence data shows that BlackRock has moved +$203 million BTC to Coinbase Prime in the last two days.
But it's still unclear whether BlackRock plans to sell these assets or keep them in a "custodial wallet." Also, Robert Kiyosaki says that buying Bitcoin through BlackRock's ETF is not a good idea and that you should invest directly instead. In a strange twist, BlackRock claims that IBIT, their Bitcoin Spot ETF, has the biggest net assets at $52.71 billion. According to data from SoSoValue, IBIT saw its biggest market loss ever on December 26.
This was due to rumours of a planned BlackRock market sale and the ongoing drop in Bitcoin's price. Even so, Robert Kiyosaki supports Bitcoin's strong position despite BlackRock's claimed actions to manipulate prices. The author says he is still determined to buy more Bitcoin, which he thinks will be worth $350,000 per unit in 2025.
Bitcoin Price Resistance Levels
As of this writing, Bitcoin is worth $94,405 and has dropped by 1.88% in the last day. However, 12.95 per cent more trades are made daily, and the market is now worth $51.35 billion. According to Bitcoin's daily chart, the next resistance level is $100,000. If this level is overcome, the price could return to $108,000, a complete rebound for the top cryptocurrency. Even so, if the offer at $100,000 is turned down again, BTC will have to stay in its current pattern of stabilization.No matter what, Bitcoin is still the biggest digital asset by market cap, with a 56.8% share of the Crypto market and a total market value of $1.86 trillion.
Summary
Robert Kiyosaki, who wrote Rich Dad Poor Dad and supports Bitcoin, says that the value of Bitcoin (BTC) will hit $350,000 by 2025. He doesn't like BlackRock and how it affects Bitcoin's price. He says that the asset management company is likely changing Bitcoin's value on purpose. Kiyosaki says that BlackRock, run by Larry Fink, is selling a lot of Bitcoin to bring down the price so that market giants can buy it at a lower price.
Even though BlackRock did what it did, Kiyosaki is still optimistic about Bitcoin's future and says that investing in Bitcoin directly is better than buying it through BlackRock's ETF. Bitcoin runs into trouble around the $100,000 mark but could bounce back to $108,000. If it doesn't break this level, though, it's likely to stay the same. No matter what, Bitcoin still has the biggest market share of any digital currency, at 56.8%.
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