As a seasoned investor with a keen eye for recognizing value and understanding economic cycles, I find Robert Kiyosaki’s predictions about Bitcoin intriguing. Having read “Rich Dad Poor Dad” years ago, his financial wisdom has always resonated with me. His recent stance on Bitcoin, urging self-custody over institutional ETFs, echoes my own preference for direct control over assets.
Robert Kiyosaki, the creator of “Rich Dad Poor Dad,” has daringly forecasted that the price of Bitcoin could soar to $350,000 by the year 2025. He advises investors to focus on self-management rather than investing through institutional Exchange Traded Funds (ETFs). These remarks from Kiyosaki have generated significant attention, especially since BlackRock’s Bitcoin ETF has been experiencing a substantial withdrawal of funds recently.
Robert Kiyosaki Stands Firm on Bitcoin Ownership, Predicting $350K by 2025
In a recent article on X, Robert Kiyosaki once again expressed optimism towards Bitcoin. He pointed out its possible role as a secure asset and a shield against economic volatility. He advised his audience to emphasize personal control by keeping their Bitcoins in private wallets instead of putting them into institutional holdings.
Kiyosaki also suggested that significant financial institutions like BlackRock might be artificially keeping the price of Bitcoin low, enabling big investors to purchase it at cheaper rates. However, he remains optimistic about Bitcoin’s future and predicts a substantial rise in its value, possibly reaching $350,000 by 2025.
To put it simply, Robert Kiyosaki, the author of Rich Dad Poor Dad, has forecasted a global economic recession. He emphasizes that the financial market collapse is already underway, as evidenced by economic slumps in regions such as Europe, China, and the United States. In light of these circumstances, he advises individuals to secure their financial resources and consider investing in commodities like Bitcoin, gold, and silver.
BlackRock’s Bitcoin ETF Records $188.7M Outflow
On December 25th, the Bitcoin ETF managed by BlackRock, called iShares Bitcoin Trust (IBIT), saw a massive withdrawal of approximately $188.7 million, one of the largest Bitcoin sell-offs ever recorded. This substantial sale has sparked much discussion about when it happened and the possible reasons behind it.
It has been noted that some market analysts are questioning if such actions by big financial entities could be part of an overall plan to manipulate the price trends of Bitcoin. This activity highlights the increasing conflict between institutional involvement and individual autonomy in the cryptocurrency market.
Additionally, Robert Kiyosaki aligned with Vivek Ramaswamy in their critique of Environmental, Social, and Governance (ESG) practices. They both agree with Ramaswamy’s perspective that BlackRock’s corporate governance strategy, which emphasizes ESG, embodies the concept of “stakeholder capitalism.
The Rich Dad Poor Dad author added,
“I love Bitcoin in my own wallet. I would not trust Bitcoin in Black Rocks ETF.”
Via his company Strive Asset Management, Ramaswamy promotes an investment approach that opposes the impact of Environmental, Social, and Governance (ESG) factors in business. He compared BlackRock’s strategies to ideas supported by figures such as Klaus Schwab, who has stated, “You will own nothing but still be content.
Despite the allegations of price suppression by large financial players, Robert Kiyosaki remains confident in Bitcoin trajectory. He reiterated his intention to continue buying Bitcoin, citing its long-term potential as a hedge against economic uncertainty.
Currently, one Bitcoin costs around $94,268, representing a 2% drop in price over the last month. Its market value is approximately $1.86 trillion, and in the past day, it has seen a trading volume of about $52.36 billion, which is an 11% rise.
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2024-12-27 22:46