Bitcoin Set To Hit $350,000 Despite BlackRock Sell-Off Fears, Robert Kiyosaki Says

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As a seasoned analyst with over four decades of experience in financial markets and entrepreneurship, I find Robert Kiyosaki’s bold prediction for Bitcoin to reach $350,000 by 2025 intriguing. His life experiences and insights into financial education make him a credible voice in the financial world. However, his accusations against BlackRock, particularly Larry Fink, require a more nuanced perspective.

Robert Kiyosaki, the writer of “Rich Dad, Poor Dad” and a proponent of Bitcoin, has voiced his belief that the leading cryptocurrency could reach $350,000 by 2025. This bold forecast is accompanied by critical remarks he made about BlackRock, whom he alleges attempts to control the price of Bitcoin.

BlackRock Selling BTC In Favor Of Market Whales – Kiyosaki

On December 27, Kiyosaki posted on X that Larry Fink, head of BlackRock, is reportedly selling significant quantities of Bitcoin because he has expressed doubts about BlackRock’s role in the Bitcoin market.

The U.S. writer echoed the opinions of Republican Vivek Ramaswamy, labeling Larry Fink as a profit-driven investor, or someone who primarily concentrates on boosting profits for shareholders instead of stakeholder capitalists, who take into account the wellbeing of employees and communities.

As a researcher, I find myself examining the claims made by Kiyosaki, who suggests that BlackRock may intentionally be driving down the price of Bitcoin to around $100,000 through selling strategies. This supposed move would enable larger market players, or “whales,” to acquire Bitcoin at more affordable prices.

Truly, data from Arkham Intelligence shows that BlackRock has recently moved +$203 million BTC to Coinbase Prime over the past two days.  However, it remains to be seen if BlackRock intends to sell these assets or just maintain ownership on a custodial wallet. 

As a crypto investor, I’ve taken Robert Kiyosaki’s advice to heart and opted for direct investment instead of going through an ETF like the one offered by BlackRock. He suggests that this approach allows for more control over one’s investments, which aligns with my personal investing philosophy.

Interestingly, despite BlackRock being known for its vast holdings, it manages the biggest Bitcoin Spot ETF (IBIT) with a net worth of $52.71 billion. However, amidst speculations of a potential BlackRock market sell-off and Bitcoin’s continuous price drop, IBIT experienced its largest market withdrawal to date, amounting to $188 million on December 26, as per data from SoSoValue.

Despite concerns over potential price manipulation by BlackRock, Robert Kiyosaki remains confident about Bitcoin’s strong bullish trend. In fact, the author expresses his intention to buy more Bitcoin, believing that its value could potentially reach $350,000 per unit by 2025.

Bitcoin Price Overview 

Currently, one Bitcoin is being exchanged for approximately $94,405, showing a decrease of 1.88% over the last 24 hours. Interestingly, despite this dip, the daily trading volume has increased by 12.95%, reaching a staggering $51.35 billion.

As per its daily chart analysis, Bitcoin’s next significant barrier to surpass is around $100,000. If it manages to break through this level, it could potentially lead Bitcoin back towards the $108,000 price range, indicating a full recovery for the leading cryptocurrency. However, if Bitcoin encounters another rejection at $100,000, it will likely continue its current trend of consolidation.

Despite various factors, it’s worth noting that Bitcoin maintains its position as the leading digital currency in terms of market capitalization, boasting a share of approximately $1.86 trillion. This equates to a dominant role within the cryptocurrency market, accounting for around 56.8%.

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2024-12-28 18:11