Renowned financial author and entrepreneur Robert Kiyosaki, best known for Rich Dad Poor Dad, has made headlines with a bold prediction: Bitcoin will hit $350,000 in 2025. The declaration came through a tweet, where Kiyosaki criticized BlackRock, its CEO Larry Fink, and their Bitcoin ETF amid broader industry debates.
Kiyosaki’s Critique of BlackRock’s Bitcoin Strategy
In his tweet, Kiyosaki accused BlackRock of suppressing Bitcoin prices to allow institutional investors, or “whales,” to accumulate Bitcoin under $100,000. He described BlackRock’s influence as a coordinated effort to gain control over Bitcoin while warning against storing Bitcoin within the company’s ETF framework.
He stated:
“BlackRock suppressing Bitcoin price so the whales can buy Bitcoin at under $100K. I love Bitcoin in my own wallet. I would not trust Bitcoin in BlackRock’s ETF.”
Kiyosaki also linked BlackRock’s practices to shareholder capitalism, likening it to Marxist ideologies, and warned against trusting centralized entities to manage decentralized assets.
Kiyosaki’s Optimism for Bitcoin’s Future
Despite his concerns, Kiyosaki reaffirmed his confidence in Bitcoin as an investment, emphasizing its long-term potential. He remains a vocal advocate for holding Bitcoin privately rather than through financial intermediaries. He boldly predicted:
“I predict Bitcoin to hit $350K in 2025.”
BlackRock’s Role in the Bitcoin Market
BlackRock, the world’s largest asset manager, has sparked debate within the crypto community over its proposed Bitcoin ETF. While some view the ETF as a step toward mainstream adoption, critics like Kiyosaki warn it may undermine Bitcoin’s decentralized ethos.
Kiyosaki’s remarks also align with broader skepticism about Wall Street’s entry into the crypto space, particularly regarding its potential to centralize control over previously decentralized assets.
Market Implications
Bitcoin’s current price dynamics have shown sensitivity to institutional moves, with increased volatility during ETF-related developments. Kiyosaki’s forecast of a $350,000 Bitcoin price by 2025 reflects his belief in Bitcoin’s resilience and its ability to thrive despite regulatory and market challenges.
Conclusion
Robert Kiyosaki’s recent comments highlight the ongoing tension between Bitcoin’s decentralized roots and its growing appeal to institutional players. As debates over ETFs and institutional involvement continue, Kiyosaki’s bullish outlook for Bitcoin underscores the asset’s enduring potential as a store of value and hedge against traditional financial systems.