Robert Kiyosaki predicts Bitcoin will hit $350,000 by 2025, citing its 130% growth this year and rising institutional interest. BlackRock’s Bitcoin ETF saw a record $188.7M outflow and concerns about price manipulation. However, the institutional players in Bitcoin strengthen the overall market outlook.
Kiyosaki predicts Bitcoin’s rise while criticizing BlackRock
The popular Rich Dad Poor Dad author predicted that Bitcoin might reach $350,000 by 2025. He said this at the same time that the BlackRock issue continues, with fervent discussions over how big companies are entering crypto and the potential chance of influencing the price of Bitcoin.
IBIT, which is BlackRock’s Bitcoin ETF, recorded an all-time outflow of $188.7 million on December 25. It was one of the largest sell-offs of its kind for Bitcoin, and the timing has made many wonder the investors’ sentiment behind such an outflow
Kiyosaki said, “I am not the type to trust Bitcoin at BlackRock’s hands with this ETF.” In his opinion, price manipulation is beneficial to institutional players and has a warning for retail investors. “I love Bitcoin in my wallet,” Kiyosaki declared, reinforcing his preference for self-custody versus over-reliance on institutional-controlled financial products.
The author also responded to some criticism from Vivek Ramaswamy; he has not been silent on the issues of corporate governance brought about by BlackRock, particularly about ESG criteria. He even criticized Larry Fink, the CEO of BlackRock, for promoting “shareholder capitalism,” which he called Marxism.
Ramaswamy compared Fink’s actions to Klaus Schwab’s statement, who said, “Someday you’ll own nothing and be happy,” Ramaswamy has criticized BlackRock several times for putting social and political issues before shareholder value. This led him to call for changes in corporate governance practices.
Kiyosaki still believes in Bitcoin’s future, though the debate over BlackRock’s ETF continues and what that might do to the price of Bitcoin.
Bitcoin’s growth boosted by big companies despite worries about manipulation
Such optimism is based on Bitcoin’s continued strong growth, which has seen it rise approximately 130% this year and set record highs on several occasions. Much of the Bitcoin price increase this year was due to the interest presented by large companies.
Major financial companies and corporations are buying Bitcoin as part of their reserve. For example, MicroStrategy started purchasing Bitcoin in 2020 and encouraged others to do the same. Just last week, KULR Technology purchased 217.18 BTC for $21 million. In the last few months, Bitwise Asset Management ETFs filed to create another ETF that will track shares of companies holding at least 1,000 BTC in their treasury.
The entry of big players such as BlackRock and other companies trading Bitcoin has made FOMO for Wall Street investors. However, some in the Bitcoin community feel uneasy about how BlackRock and other large companies will attempt to control the asset for their gain due to the sheer amounts of money and influence they wield.
Kiyosaki criticized BlackRock for playing a major role in manipulating Bitcoin’s price
The only confusion the market sees in BlackRock is when it warns that “there’s no guarantee” that Bitcoin’s limit of 21 million won’t be changed.
As controversy swirls around the BlackRock Bitcoin ETF, criticism from people like Vivek Ramaswamy and Robert Kiyosaki’s prediction that Bitcoin will reach $350,000 by 2025 makes a pretty strong statement that shows confidence in the cryptocurrency.
The positive prospects of Bitcoin will continue, no matter what regulatory issues and market manipulation worries it faces.
Kiyosaki believes in Bitcoin mostly for the long run, and he advises investors to keep the assets themselves and not rely on companies such as BlackRock.
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This articles is written by : Fady Askharoun Samy Askharoun
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