“Rich Dad, Poor Dad” author and Bitcoin (BTC) enthusiast Robert Kiyosaki has backed the leading cryptocurrency to reach a price of $350,000 in 2025. This bold prediction comes alongside critical comments against asset management firm BlackRock, which Kiyosaki accuses By trying to manipulate the BTC currency. price.
BlackRock Sells Bitcoin to Market Whales – Kiyosaki
in X posted on December 27thKiyosaki claimed that BlackRock, under the leadership of Larry Fink, is He is currently offloading large amounts of Bitcoin as he expressed his lack of confidence in the asset manager’s involvement in the Bitcoin market.
The views of Republican Vivek Ramaswamy were echoed by the American writer, who described Larry Fink as shareholder capitalists, that is, people who focus on maximizing returns for shareholders rather than stakeholder capitalists who take into account the interest of employees and communities.
In this regard, Kiyosaki also claims that BlackRock is deliberately lowering the price of Bitcoin below $100,000 through sell-offs to allow market whales to buy at lower prices.
truly, Data from Arkham Intelligence It shows that BlackRock recently transferred +$203 million BTC to Coinbase Prime over the past two days. However, it remains to be seen whether BlackRock intends to sell these assets or merely retain ownership of the temporary portfolio.
Furthermore, Robert Kiyosaki advises against investing in Bitcoin via BlackRock’s ETF, and recommends adopting the direct investment method.
Ironically, BlackRock boasts the largest Bitcoin Spot ETF, i.e. IBIT, with net assets of $52.71 billion. Amid rumors of a planned BlackRock market dump and the ongoing decline in BTC prices, IBIT recorded its largest ever market outflow of $188 million on December 26 according to Data from SoSoValue.
However, Robert Kiyosaki supports Bitcoin’s strong bullish structure despite BlackRock’s alleged price manipulation actions. The author confirms his conviction for buying more Bitcoin, which he expects to reach $350,000 per unit in 2025.
Bitcoin price overview
At the time of writing, Bitcoin is trading at $94,405, reflecting a loss of 1.88% in the past day. However, daily trading volume increased by 12.95% and reached $51.35 billion.
According to the daily chart, the immediate resistance for Bitcoin is located at $100,000, overcoming which could lead to a return to the $108,000 price area marking an overall price recovery for the leading cryptocurrency. Although another rejection at $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 a total market share of $1.86 trillion, translating to a 56.8% cryptocurrency market dominance.
Featured image from Cryptocurrency & Gambling Newsbox, chart from Tradingview