‘Rich Dad Poor Dad’ Author Predicts Bitcoin Price Will Hit $350K by 2025
Highlights:
- Robert Kiyosaki predicts Bitcoin price will reach $350K by next year due to strong growth.
- Kiyosaki criticizes BlackRock BTC ETF’s recent massive $188.7 million outflow.
- He prefers self-custody over institutional-controlled products.
The author of “Rich Dad Poor Dad,” Robert Kiyosaki, predicted that Bitcoin (BTC) will hit $350,000 by 2025. Such optimism stems from Bitcoin’s remarkable growth this year. It has risen approximately 130%, setting record highs multiple times. The price surge is largely attributed to interest from major companies. The number of publicly traded companies planning to add Bitcoin to their treasury is growing rapidly.
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Robert Kiyosaki Criticizes BlackRock
Kiyosaki noted Larry Fink, the CEO of BlackRock, dumping BTC. Notably, on December 25, BlackRock’s BTC ETF, the iShares Bitcoin Trust (IBIT), recorded a massive outflow of $188.7 million. This was among the largest Bitcoin dumps ever.
The timing of this sale has sparked speculations in the market. Market observers are questioning if this move is part of a larger strategy. They wonder if big financial institutions are trying to influence BTC price. This highlights the growing tension between institutional adoption and individual control.
He said Vivek Ramaswamy criticized Fink and BlackRock. Ramaswamy called them “Shareholder Capitalists” and compared them to Marxists. He compared BlackRock’s actions to Klaus Schwab’s idea, “You’ll own nothing and you’ll be happy.”
Kiyosaki Prefers Self-Custody of Bitcoin
The author of Rich Dad Poor Dad expressed doubts about trusting Bitcoin with BlackRock’s ETF. He said institutional players take advantage of price manipulation. He warned retail investors. However, Kiyosaki stated he plans to keep buying more, anticipating the price will continue to rise. “I love Bitcoin in my own wallet. I would not trust Bitcoin in Black Rocks ETF,” he said. This shows his belief in self-custody over-reliance on institutional-controlled products.
Larry Fink dumping Bitcoin. VIVEK warned Larry Fink of BLACK ROCK is a Marxist. Vivek warned Fink & Black Rock are Share Holder Capitalist not Stake Holder Caplitist. Share Holder Capitalists are Marxist….like Klaus Schwab who state: “Someday you’ll own nothing and you’ll be…
— Robert Kiyosaki (@theRealKiyosaki) December 27, 2024
At press time, Bitcoin is priced at $94,553. This reflects a 1.41% decline over the past month. The cryptocurrency’s market capitalization is around $1.87 trillion. Its 24-hour trading volume stands at $48.84 billion, showing a 6.48% increase.
Robert Kiyosaki recently predicted a global economic depression. He warned that the financial market crash has already begun. Europe, China, and the U.S. are all experiencing downturns. The author of Rich Dad Poor Dad urged individuals to protect their finances. He recommended investing in assets like Bitcoin, gold, and silver.
Bitcoin Adoption by Major Financial Players Sparks FOMO and Concerns
Major financial companies and corporations are adding Bitcoin to their reserves. For instance, MicroStrategy began buying Bitcoin in 2020 and encouraged others to follow. Last week, KULR Technology bought 217.18 BTC for $21 million. Recently, Bitwise Asset Management filed to create an ETF. This ETF would track companies holding at least 1,000 BTC in their treasury. Moreover, Strive Asset Management, co-founded by Vivek Ramaswamy, filed for a Bitcoin Bond ETF on Thursday.
The entry of big players like BlackRock and other companies trading Bitcoin has sparked FOMO among Wall Street investors. Some in the Bitcoin community, however, are concerned. They worry that BlackRock and other large companies might try to control the assets for their own benefit.
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Syed Ali Haider
Ali Haider is a contributing crypto writer at Crypto2Community. He is a crypto and blockchain journalist with over six years of experience and has long advocated for digital freedom and cybersecurity. Haider has been featured in several high-profile crypto and finance outlets, including Coincult, AltcoinBeacon, BTCRead, and more.
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