Crypto

Bitcoin Projected to Reach $350,000 Despite Concerns Over BlackRock Sell-Off, Says Robert Kiyosaki

Robert Kiyosaki’s Bold Bitcoin Prediction for 2025

Renowned author of “Rich Dad, Poor Dad” and fervent Bitcoin (BTC) advocate, Robert Kiyosaki, has made a striking prediction regarding the future of Bitcoin. He anticipates that the leading cryptocurrency will skyrocket to an impressive $350,000 by the year 2025. Alongside this audacious forecast, Kiyosaki has also voiced criticism towards asset management giant BlackRock, accusing them of attempting to manipulate Bitcoin’s market valuation.

BlackRock’s Alleged Market Manipulation and Impact on Bitcoin

On December 27, Kiyosaki shared his concerns via a social media post, accusing BlackRock, under the leadership of Larry Fink, of strategically selling substantial amounts of Bitcoin. This move, according to Kiyosaki, raises questions about the asset manager’s genuine intentions within the Bitcoin market.

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Kiyosaki supports the views of political figure Vivek Ramaswamy, who characterizes Larry Fink as a shareholder capitalist—an individual primarily focused on maximizing returns for shareholders, rather than considering the broader interests of employees and communities. Kiyosaki further claims that BlackRock is intentionally keeping Bitcoin’s price below $100,000 through strategic sell-offs, thereby enabling market whales to acquire Bitcoin at more favorable prices.

Data from Arkham Intelligence indicates that BlackRock recently transferred over $203 million worth of Bitcoin to Coinbase Prime within two days. However, whether these assets are intended for sale or for custodial holding remains uncertain. Despite this, Kiyosaki advises potential investors to avoid investing in Bitcoin through BlackRock’s ETF, advocating instead for direct investment in the cryptocurrency.

Ironically, BlackRock operates the largest Bitcoin Spot ETF, known as IBIT, with net assets totaling $52.71 billion. Amidst speculation about a potential market sell-off and Bitcoin’s ongoing price fluctuations, IBIT experienced a record market outflow of $188 million on December 26, as reported by SoSoValue.

Nevertheless, Kiyosaki remains steadfast in his belief in Bitcoin’s long-term bullish potential despite BlackRock’s alleged market maneuvers. He is confident in purchasing more Bitcoin, maintaining his forecast of the cryptocurrency reaching $350,000 per unit by 2025.

Current Bitcoin Market Analysis

As of now, Bitcoin is trading at approximately $94,405, reflecting a 1.88% decline over the past 24 hours. Despite this dip, the cryptocurrency’s daily trading volume has surged by 12.95%, reaching a valuation of $51.35 billion.

Analyzing the daily chart, Bitcoin faces immediate resistance at the $100,000 mark. Successfully breaching this level could propel Bitcoin back to the $108,000 range, signaling a complete recovery for the leading cryptocurrency. However, another rejection at the $100,000 level may result in Bitcoin continuing its current consolidation phase.

Despite these fluctuations, Bitcoin remains the largest digital asset by market capitalization, boasting a total market value of $1.86 trillion and maintaining a dominant 56.8% share of the cryptocurrency market.

Emma Horvath

After graduating Communication and Media Studies MA in Eötvös Loránd University, Emma started to realize that her childhood dream as a creative news reporter committed to find dynamic journalism stories. I'm a passionate journalist with a keen interest in the fast-evolving world of cryptocurrencies. I've been reporting on the latest developments in the crypto industry for several years now, covering breaking news and providing insights on how the market is trending. I'm adept at analyzing daily market movements, researching ICOs, and keeping track of the latest innovations in blockchain technology. My expertise in the space makes her a trusted voice in the crypto community. Whether it's the latest Bitcoin price movements or the launch of a new DeFi platform, I am always at the forefront, bringing her readers the most up-to-date and informative news.

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