Emily Walker
Robert Kiyosaki, the author of “Rich Dad, Poor Dad” and a supporter of Bitcoin (BTC), has boldly predicted that the cryptocurrency will reach a value of $350,000 by 2025. His forecast comes with sharp criticisms of asset manager BlackRock, which he accuses of attempting to influence the price of BTC.
Kiyosaki’s Critique of BlackRock
In a recent post on X dated December 27, Kiyosaki accused BlackRock and its CEO Larry Fink of selling substantial amounts of Bitcoin, expressing his skepticism regarding the firm’s role in the BTC market. He echoed sentiments from politician Vivek Ramaswamy, who characterized Fink as a shareholder capitalist—an individual focused solely on maximizing shareholder returns rather than considering the interests of employees and the broader community.
Kiyosaki further argued that BlackRock is intentionally keeping Bitcoin’s price below $100,000 through sell-offs, enabling large market players (whales) to acquire BTC at reduced prices. Data from Arkham Intelligence supports his claims, revealing that BlackRock transferred over $203 million in Bitcoin to Coinbase Prime within a couple of days. It remains uncertain whether these assets are up for sale or merely held in a custodial wallet.
He warns potential investors against purchasing Bitcoin through BlackRock’s ETF, advocating instead for a direct investment approach.
Interestingly, BlackRock manages the largest Bitcoin Spot ETF, IBIT, which holds $52.71 billion in net assets. In light of rumors surrounding BlackRock’s planned market actions and the decline in Bitcoin’s price, IBIT experienced its highest market outflow of $188 million on December 26, as per data from SoSoValue.
Despite these allegations of manipulation, Kiyosaki remains bullish on Bitcoin’s potential and asserts his plan to buy more BTC, confidently predicting it will reach $350,000 by 2025.
Current Bitcoin Market Status
As of now, Bitcoin is trading at $94,405, down 1.88% over the past 24 hours, although trading volume has risen by 12.95%, totaling $51.35 billion. According to its daily chart, Bitcoin’s immediate resistance level is at $100,000; surpassing this could see it return to around $108,000, indicating a full recovery for the cryptocurrency. Conversely, failing to break through $100,000 would keep BTC in its current consolidation pattern.
Regardless, Bitcoin continues to hold its position as the leading digital asset by market capitalization, with a total market value of $1.86 trillion, representing a 56.8% share of the crypto market.