“Rich Dad, Poor Dad” author and Bitcoin (BTC) enthusiast Robert Kiyosaki has backed the main cryptocurrency to reach the $350,000 price mark by 2025. This bold prediction comes alongside criticism from asset manager BlackRock whom Kiyosaki accused of trying to manipulate BTC. the price.
BlackRock Sells BTC In Favor Of Market Whales – Kiyosaki
In X’s post on December 27, Kiyosaki said that BlackRock under the leadership of Larry Fink, he is currently uploading a large amount of Bitcoin as he expresses his distrust of the asset manager’s involvement in the BTC market.
The American writer reiterated the views of the republican Vivek Ramaswamy, who described Larry Fink as a shareholder capitalist, which means that people who focus on increasing the return of shareholders are more than shareholder capitalists who consider the interests of workers and communities.
In this regard, Kiyosaki went on to say that BlackRock is deliberately suppressing the price of Bitcoin below $100,000 by selling to allow whales in the market to buy at lower prices.
Indeed, data from Arkham Intelligence shows that BlackRock has just moved + $ 203 million BTC to Coinbase Prime in the past two days. However, it remains to be seen whether BlackRock intends to sell these assets or simply retain ownership of the hedge fund.
In addition, Robert Kiyosaki advises against investing in BTC through the BlackRock ETF, preaching the direct investment method.
Ironically, BlackRock boasts the largest Bitcoin Spot ETF which is IBIT with a total value of $52.71 billion. Amid rumors of BlackRock’s planned market exit and BTC’s continued price decline, IBIT recorded its largest ever market exit of $188 million on December 26 according to data from SoSoValue.
Still, Robert Kiyosaki backs Bitcoin’s bullish structure despite BlackRock’s price manipulation allegations. The author confirms his conviction to buy more BTC which he predicts will reach $350,000 per unit in 2025.
Bitcoin price overview
At the time of writing, Bitcoin is trading at $94,405 showing a loss of 1.88% over the previous day. However, its daily trading volume increased by 12.95% and is estimated at $51.35 billion.
According to its daily chart, Bitcoin’s immediate resistance is at $100,000, a victory that could propel a return to the $108,000 price area that marks the first cryptocurrency’s full value recovery. However, another rejection at $100,000 will force BTC to maintain its current consolidation pattern.
Regardless, Bitcoin continues to be counted as the largest digital asset by market cap with a total market share of $1.86 trillion, which translates to a dominance of the crypto market of 56.8%.
Featured image from Crypto & Gambling News Box, chart from Tradingview
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