Author of “Rich Dad, Poor Dad” and Bitcoin (BTC) enthusiast Robert Kiyosaki has backed the premier cryptocurrency to attain a $350,000 price mark in 2025. This daring prediction comes alongside slamming comments against asset manager BlackRock whom Kiyosaki accuses of trying to manipulate BTC’s price.
BlackRock Selling BTC In Favor Of Market Whales – Kiyosaki
In an X post on December 27, Kiyosaki claimed that BlackRock under the leadership of Larry Fink, is currently offloading large amounts of Bitcoin as he voiced his distrust over the asset manager’s involvement in the BTC market.
The American author reiterated the views of republican Vivek Ramaswamy, who described Larry Fink as a shareholder capitalist i.e. people who are focused on maximizing returns for shareholders rather than stakeholder capitalists who consider the interest of employees and communities.
In this regard, Kiyosaki further alleges that BlackRock is deliberately suppressing Bitcoin’s price below $100,000 via sell-off to allow market whales to purchase at lower 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.
Furthermore, Robert Kiyosaki advises against investing in BTC via BlackRock’s ETF, preaching a mode of direct investment in place.
Ironically, BlackRock boasts of the largest Bitcoin Spot ETF i.e. IBIT with $52.71 billion in net assets. Amidst rumors of a planned BlackRock market offload and BTC’s ongoing price decline, IBIT recorded its largest market outflow ever of $188 million on December 26 according to data from SoSoValue.
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Author: Semilore Faleti
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